Comparative Study of Stock Market with Gold Prices and Indian Economy
This paper was withdrawn due to certain technical errors.
Abstract
In this paper we discuss the trends of the Indian Stock market with respect to gold and the Indian economy. Our primary objective was to observe the trends of Stock market and gold only but since there’s a lot more that affects the stock market other than gold prices, we found it appropriate to include Indian Economy in comparison as well. Another reason for doing so, is that the gold prices are determined by the international demand and supply of the commodity. This implies that even though the stock market and the economy of India might be low or high, this doesn’t necessarily equate to any change in the gold price unless the change is due to global activity.
Keywords: Gold Price; Stock Market; Indian Economy
References
- Sensex data – Bombay Stock Exchange historical data
- Gold Prices – Yahoo Finance
- IIP data – Ministry of Statistics and Program Implementation
- Core Growth - DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE