IMPACT OF MACRO ECONOMIC INDICATORS ON THE GOLD PRICE.
- Student, Master of Business Administration, Gnanam School of Business, Marys Nagar, Trichy – Thanjavur Expressway, Sengipatti, Thanjavur – 613 402, Tamil Nadu, India.
- Assistant Professor, Gnanam School of Business, Marys Nagar, Trichy – Thanjavur Expressway, Sengaipatti, Thanjavur – 613 402, Tamil Nadu, India.
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Gold, one of the precious metals in the world and it has been known as yellow metal. It has been valued as the most extensively used expensive metal for making ornaments. The main objective of this study is to find the relationship of gold prices with many variables. In this research, we have to look into the empirical studies and theoretical frame work to identify the explanatory variables that have significant effect on the gold prices. The study used Multiple Linear Regression Model to determine significant relationship between variables such as dependent and independent variables.The data used for the analysis was the 10 years period from the financial year 2005 – 2006 to 2015 -2016.In this research, we have used three independent variables that affect the prices of gold which are crude oil prices, exchange rates and nifty 50. The empirical results have found that Gold is significantly influenced by these independent variables to Nifty 50, Crude oil, USD-INR, INR-USD.The results of the study will be a valuable source of information for both academicians.
[Mohith.S, Pavithra. S, S. P. S. Arul Doss, A. Ananth. (2016); IMPACT OF MACRO ECONOMIC INDICATORS ON THE GOLD PRICE. Int. J. of Adv. Res. 4 (Dec). 504-508] (ISSN 2320-5407). www.journalijar.com
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