A Study on Relationship between Gold and Silver with Special Reference to Multi Commodity Exchange of India Limited

Author Deepu Nair
Co-Author Dr. N. Ravichandran
DOI

Country : India
Subject : Commerce

Keywords : Gold, Silver, Investment, radical change, Multi commodity exchange of India limited, Economic essentials etc.

Abstract

This study mainly examines the relationship between gold and silver over the 20012-2016 periods. The study covers a very extensive range of economic conditions, radical change in major producers and increased complexity in asset markets generally. Thus, prime fact is that one would not expect to necessarily see a stable relationship between gold and silver. Gold and silver have factually been seen as close alternatives for one another, both being precious metals that can be used to back currency and both having been used as currency. There is substantial evidence that these metals can play a useful role in diversifying risk, as well as being an attractive investment in their own right, thus, one might expect that the prices share similar changing aspects. However, there are also economic essentials that may act to drive the prices of gold and silver apart. The main objective is to study about the relationship between gold and silver in commodity market. The secondary objectives are to study different factors affecting the gold & silver price & to find out how price of gold & silver fluctuate in the Indian commodity market. After effective research it’s found that there is significant relationship between gold & silver. The data is collected from Multi commodity exchange of India limited. The tools used are correlation and regression. The study will help investors to know the relationship and influence of factor over the price of the gold and silver. This study also may help the investors who will invest in gold or silver.

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