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1704584 Vol 6 · Issue 12 Download Paper

An Empirical Analysis on Indian Gold Trade Due to the Impacts of COVID-19 and Demonetization

Dr. E. Kalaivani Dr. M. Ramakrishnan V. S. Vijayachander

Subject area: Management and Commerce  ·  Area of research: Finance

Abstract

This study carries out an empirical analysis on examining the relationship between gold investment in terms of returns and risk from the perspective of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) Sensitive Indexes. The study is carried out specifically to represent the effect of gold business in Indian stock market before and after the demonetization process. The study is intended to present, whether COVID-19 and demonetization has affected the gold trade in stock exchange market. The study attempts to predict the future gold trade and further presents the measures to be handled, while demonetizing other rupee notes to avoid cash crunch and to have a positive effect on gold trade.

Keywords

Commodity Market, Gold Price, Demonetization, Microeconomic variables, Heteroscedasticity, COVID-19

References

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[2] Bhuyan, A. K and Dash, A. K. (2018). A dynamic causality analysis between gold price movements and stock market returns: Evidence from India. Journal of Management Research and Analysis. 5(2). 117-124.

[3] Kvietkauskienė, A., &Plakys, M. (2017). Impact Indicators for Stock Markets Return. Business Excellence, 11(2), 59-84.

[4] Mechri, N., Hamad, B., Peretti, C., &Charfi, S. (2018). The Impact of the Exchange Rate Volatilities on Stock Market Returns Dynamic. https://hal.archives-ouvertes.fr/hal-01766742.

[5] Najaf, K., & Najaf, R. (2016). Impact of Oil and Gold Prices on the Stock Exchange of Bombay: an Evidence from India. Journal of Business Management and Economics, 4(6), 42-47.

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[7] Prakash, P., & Sundararajan, S. (2014). An empirical analysis on the relationship between gold and silver with special reference to the national level commodity exchanges, India. International journal on recent and innovation trends in computing and communication, 2(8), 2224-2233.

[8] Pule, B. P. (2013). Evaluation of gold as an investment asset: the South African context (Doctoral dissertation).

[9] Shaique, M., Aziz, A., &Herani, G. M. (2016). Impact of gold prices on stock exchange market: a case of Karachi stock exchange market of Pakistan. International Journal of Accounting and Economics Studies, 4(1), 60-63.

[10] Sindhu, D. (2013). A study on impact of select factors on the price of Gold, IOSR Journal of Business and Management, 8(4), PP 84-93

[11] SomnathMukhuti (2018), Impact of Gold Price on Stock Market Return – An Econometric Analysis of BSE and NSE, International Journal of Management Studies, 4(7), 1 – 16.

[12] Sunil Dhawan, 2018, “Gold Price: Factors that affect gold price”, The Economic Times, Accessed on 1.1.2019.

[13] Tursoy, T., & Faisal, F. (2018). The impact of gold and crude oil prices on stock market in Turkey: Empirical evidences from ARDL bounds test and combined cointegration. Resources Policy, 55, 49-54.

[14] World Gold Council, https://www.gold.org/goldhub/data/gold-prices, collected on 1.1.2019.

How to cite this paper

Dr. E. Kalaivani, Dr. M. Ramakrishnan, V. S. Vijayachander "An Empirical Analysis on Indian Gold Trade Due to the Impacts of COVID-19 and Demonetization" Iconic Research And Engineering Journals Volume 6 Issue 12 2023 Page 245-253
Dr. E. Kalaivani, Dr. M. Ramakrishnan, V. S. Vijayachander "An Empirical Analysis on Indian Gold Trade Due to the Impacts of COVID-19 and Demonetization" Iconic Research And Engineering Journals, vol. 6, no. 12, Jun. 2023
Dr. E. Kalaivani, Dr. M. Ramakrishnan, V. S. Vijayachander (2023). An Empirical Analysis on Indian Gold Trade Due to the Impacts of COVID-19 and Demonetization. Iconic Research And Engineering Journals, 6(12).
Dr. E. Kalaivani, Dr. M. Ramakrishnan, V. S. Vijayachander "An Empirical Analysis on Indian Gold Trade Due to the Impacts of COVID-19 and Demonetization" Iconic Research And Engineering Journals, vol. 6, no. 12, Jun. 2023.
@article{1704584,
      author = {Dr. E. Kalaivani, Dr. M. Ramakrishnan, V. S. Vijayachander},
      title = {An Empirical Analysis on Indian Gold Trade Due to the Impacts of COVID-19 and Demonetization},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {6},
      number = {12},
      pages = {245-253},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1704584.pdf},
      abstract = {This study carries out an empirical analysis on examining the relationship between gold investment in terms of returns and risk from the perspective of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) Sensitive Indexes. The study is carried out specifically to represent the effect of gold business in Indian stock market before and after the demonetization process. The study is intended to present, whether COVID-19 and demonetization has affected the gold trade in stock exchange market. The study attempts to predict the future gold trade and further presents the measures to be handled, while demonetizing other rupee notes to avoid cash crunch and to have a positive effect on gold trade.},
      keywords = {Commodity Market, Gold Price, Demonetization, Microeconomic variables, Heteroscedasticity, COVID-19},
      month = {June},
  }