Indian Gold industry
ABSTRACT
“Gold” India’s most popular metal has shown three times increase in its price since the year 2007 till the year 2011. History of gold indicates that Gold price certainly follow ascending price pattern but these abnormal change in price have never occur before. This case study says about, what can be the various reasons or factors of this sudden change in the price trend. This report examines the relationship of gold price with various independent variables like Sensex, Interest rate, Inflation, value of the dollar and exchange rate. The study uses the London data in US Dollars since the year 2007 till date. It also shows the factors which affect the price of gold globally. The future of the gold & gold price movements are determined by the perception of gold as a store of value rather than its fundamentals as a commodity.
INDEX
SERIAL NO.
SUBJECT
PAGE NO. 1 1.1 1.2 1.3 1.4
INTRODUCTION
Structure
Objectives
The Gold Market
Key Markets 7
2 2.1 2.2
LITERATURE REVIEW
Gems and Jewellery Sector in India
Gold
12 3
CASE STUDY 17 4
RESEARCH METHODOLOGY 18 5
DATA ANALYSIS 20 6 6.1 6.2
FINDINGS
Main factors affecting Gold Globally
Top factors affecting Gold in India today 24 7
CONCLUSION
28 8
ANNEXURE
29 9
BIBLIOGRAPHY
39
INTRODUCTION
Structure
The gems and jewellery industry occupies an important position in the Indian economy. It is a leading foreign exchange earner, as well as one of the fastest growing industries in the country. The two major segments of the sector in India are gold jewellery and diamonds. The
“Gold” India’s most popular metal has shown three times increase in its price since the year 2007 till the year 2011. History of gold indicates that Gold price certainly follow ascending price pattern but these abnormal change in price have never occur before. This case study says about, what can be the various reasons or factors of this sudden change in the price trend. This report examines the relationship of gold price with various independent variables like Sensex, Interest rate, Inflation, value of the dollar and exchange rate. The study uses the London data in US Dollars since the year 2007 till date. It also shows the factors which affect the price of gold globally. The future of the gold & gold price movements are determined by the perception of gold as a store of value rather than its fundamentals as a commodity.
INDEX
SERIAL NO.
SUBJECT
PAGE NO. 1 1.1 1.2 1.3 1.4
INTRODUCTION
Structure
Objectives
The Gold Market
Key Markets 7
2 2.1 2.2
LITERATURE REVIEW
Gems and Jewellery Sector in India
Gold
12 3
CASE STUDY 17 4
RESEARCH METHODOLOGY 18 5
DATA ANALYSIS 20 6 6.1 6.2
FINDINGS
Main factors affecting Gold Globally
Top factors affecting Gold in India today 24 7
CONCLUSION
28 8
ANNEXURE
29 9
BIBLIOGRAPHY
39
INTRODUCTION
Structure
The gems and jewellery industry occupies an important position in the Indian economy. It is a leading foreign exchange earner, as well as one of the fastest growing industries in the country. The two major segments of the sector in India are gold jewellery and diamonds. The