Impact of Select National and International Incidents on Gold and Silver Prices in India

Author:

Neelam Dr. Hema1,Babu Dr. K. Sharath2,Ganesh Mr. Ch.3

Affiliation:

1. Assistant Professor, Balaji Institute of Management Sciences, Narsampet, Warangal (Dist.), Pincode: 506331, Telangana State, India

2. Professor & Head, Department of Business Management, Vignana Bharathi Institute of Technology, VBIT, Ghatkesar, Hyderabad, Pincode: 501301 Telangana State, India

3. Assistant Professor, Department of Business Management, Vignana Bharathi Institute of Technology, VBIT, Ghatkesar, Hyderabad, Pincode: 501301 Telangana State, India

Abstract

In this paper an attempt is made to know the impact of select national and international incidents such as Russia and Ukraine War, Afghanistan War, 1st Lockdown in India, US and Iraq Civil war and Surgical Strike in India on gold and silver prices from 2019 to 2022. The study used t-test: Paired Two Sample for Means and correlation to know the volatility and relationship between gold, silver prices with the value of Indian currency. The study finds the significance difference between gold prices, silver prices and value of Indian currency before and after the incidents. The study also finds whether there is any relationship between the gold prices, silver prices with Indian currency and how they are related to each other.

Publisher

FOREX Publication

Subject

General Medicine

Reference9 articles.

1. Chan & mountain (1998). Interactive and casual relationship involving precious metal price movements. Journal of business economic, 6(1), 69-77.

2. Harsh Purohit & Nidhi Choudhary (2017). An analysis of volatility in silver prices in India. Indian Institute of Finance, 31(3), 809-826.

3. Kunal Saha (2019). An investigation of the determinants of gold prices in India. International journal of economic research, 16(1), 53-60.

4. Nalini Prava Tripathy and Amit Tripathy (2016). A study on dynamic relationship between gold prices and stock market price in India. European journal of economics, finance and administrative sciences, (88), 1-17.

5. Narang & Raman Preet Singh (2012). Causal relationship between gold price and Sensex: A study in Indian context. Vivekananda journal of research, 1-5.

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