An Empirical Study on Factors Influencing Gold Rate in India

Ravi Kumar Bommisetti; Sree Lakshmi Moorthygari; K Rajesh Kumar; Sirisha Charugulla; Shaiku Shahida Saheb

Authors

Ravi Kumar Bommisetti PG Department of Business Administration and Dean – R&D Cell, Maris Stella College, Vijayawada, India - 520 008 Author
Sree Lakshmi Moorthygari Department of Business Management, Mahatma Gandhi University, Nalgonda, Telangana, India Author
K Rajesh Kumar Department of Management Studies, Christ Academy Institute for Advanced Studies, Bengaluru-560083, Karnataka, India Author
Sirisha Charugulla Research Scholar, VIT School of Business, VIT - Amaravati, Andhra Pradesh, India Author
Shaiku Shahida Saheb School of Business, VIT - Amaravati, Andhra Pradesh, India Author

Keywords:

Gold bullion market, stock market, exchange rates, gold price

Abstract

The goal of the study is to identify the factors that consciously affect Indian gold prices. Due to its historical significance as a financial and cultural symbol in India, it is imperative to comprehend the primary factors influencing fluctuations in gold prices. Using a comprehensive methodology, the study combines market-specific and macroeconomic data to analyse the evolution of gold prices. The study begins by analysing earlier studies on the factors influencing the price of gold in order to pinpoint the crucial elements. The study also looks at the unique aspects of the Indian context, including local demand trends, festival seasons, and governmental regulations, inflation, interest rates, global market trends, exchange rate, investor sentiment and speculation as well as import/export rules. Knowing the factors influencing gold prices in India can aid in the forecasting of price fluctuations, the creation of suitable regulations by governments, and the making of educated decisions by investors.

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