International Journal of Advanced Research and Development

International Journal of Advanced Research and Development


International Journal of Advanced Research and Development
International Journal of Advanced Research and Development
Vol. 3, Issue 1 (2018)

Impact of macroeconomic factors on the price of gold


Gnanendra M, Nishta Shri S

The research aims in determining the influence of various macroeconomic variables like stock market indices, exchange rate, interest rates and crude oil prices on the price of gold. This has been carried out by collecting daily prices of the above mentioned variables for a period of 8 years ranging from 1-4-2009 to 31-3-2017. Tools like regression and correlation have been used to evaluate the relationship between each independent variable with the dependent variable. It has been observed that gold has a significant relationship with SENSEX and interest rates, a moderate relationship with exchange rate and a low relationship with crude oil.
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How to cite this article:
Gnanendra M, Nishta Shri S. Impact of macroeconomic factors on the price of gold. International Journal of Advanced Research and Development, Volume 3, Issue 1, 2018, Pages 894-897
International Journal of Advanced Research and Development International Journal of Advanced Research and Development