Co-Integration of Gold Price Movement with Nifty Indices: A Study in Indian Context

@inproceedings{Singh2014CoIntegrationOG,
  title={Co-Integration of Gold Price Movement with Nifty Indices: A Study in Indian Context},
  author={Raman Preet Singh and Nawal Kishor},
  year={2014}
}
India is the worldi¯s largest importer of gold and imported about 830 tons of gold in 2012-13. In this paper, an attempt has been made to investigate the existence of unidirectional or bi-directional relationship between the gold price and Nifty Indices. The relationship has been investigated using the gold prices and Nifty statistics for the period 2002-2013. Augmented Dickey Fuller Test (ADF) and Johansen Co-integration Tests were applied to find whether variables are stationary and whether… CONTINUE READING