• Gutti Harshitha
• Dr. K V. Geetha Devi

A Panel data analysis is a statistical method widely used in economic research to analyze the relationship between variables over time and across different entities. This paper aims to investigate the relationship between GDP (Gross Domestic Product) and gold prices in two prominent stock exchanges, namely the National Stock Exchange (NSE) and Six Swiss Exchange. The study has been conducted by using monthly time series data from January 2012 to December 2022. The study uses some techniques like Unit root test, Correlation test, Granger causality test, Regression to evaluate their relationship. The study finds that there is no causal relationship exist in between Gold Price, GDP and Stock market price in the short run. However, Gold price and Stock market price are co-integrated indicating long-run equilibrium relationship between them, and they move together. The CUSUM test also confirms that long run relationship is a presence in- between Gold and Stock market price and exhibits the stability of coefficient. The Stock market price can be used to predict the gold price. The study recommends that integration between Gold and Stock market price necessitates the need for global investors to follow portfolio stock selection strategy to add value from investments in India. However, the scope of these opportunities is limited in the short-run.

"A Panel Data Analysis Of Gold Prices and GDP in NSE and SSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 6, page no.k68-k77, June-2023, Available :http://www.jetir.org/papers/JETIR2306A08.pdf

"A Panel Data Analysis Of Gold Prices and GDP in NSE and SSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 6, page no. ppk68-k77, June-2023, Available at : http://www.jetir.org/papers/JETIR2306A08.pdf