IMPACT OF MACROECONOMIC VARIABLES ON THE PRICES OF GOLD
ISSN
2349-5162
Cite This Article
"IMPACT OF MACROECONOMIC VARIABLES ON THE PRICES OF GOLD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.569-576, February-2019, Available :http://www.jetir.org/papers/JETIR1902A81.pdf
The paper examines and analyses the impact of various macroeconomic variables on the gold prices and further studies the relationship of each variable with the gold prices in the Indian context. The macroeconomic variables include gold prices, exchange rate and inflation rate. The secondary data is collected on a daily basis for a period of 7 years from 1st January 2012 to 31st December 2018. The paper uses ADF-unit root test to test the stationarity of the data, descriptive statistics and histogram graphs to test the normality, ordinary least square test to analyze the impact of macroeconomic variables on gold prices and correlation test to find out the relationship of macroeconomic variables and gold prices. The results in this study show that there is a significant impact as well as positive relationship between US Dollar and gold prices. However, inflation does not have a significant impact and has a negative relationship with the gold prices.
"IMPACT OF MACROECONOMIC VARIABLES ON THE PRICES OF GOLD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp569-576, February-2019, Available at : http://www.jetir.org/papers/JETIR1902A81.pdf
Publication Details
Published Paper ID: JETIR1902A81
Registration ID: 199010
Published In: Volume 6 | Issue 2 | Year February-2019
"IMPACT OF MACROECONOMIC VARIABLES ON THE PRICES OF GOLD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp569-576, February-2019, Available at : http://www.jetir.org/papers/JETIR1902A81.pdf