Examining Day Wise Volatility of Gold Prices in India

This study is all about gold price volatility in India. Gold is a yellow precious metal, the chemical element of atomic number 79, used in jewellery and decoration and to guarantee the value of currencies. In India gold is believed to be very precious. On some occasion to buy gold is believed to be sign of auspice. But as all know that the price of gold is changing day by day. On independence 1947 price was 88.62for 10gram. And now in 2016 price of gold is Rs.28, 623.50. In this study the price of gold were collected from January 2013 to December 2017. In this period also the price of gold surely go upward and downward. This is called volatility. Main reason of this study is to examine the price volatility from 2013 to 2017. Also you can find the volatility in each year from 2013 to 2017 and also the price affected on the very next day. Like what will be the effect of Monday’s price on Tuesday, same way Tuesday’s effect on Wednesday and so on. From this study it can be clear that how much price of gold volatile. Also clear that on which day price will be more and on which day price will be less. So this study will surely help to identify volatility in price of gold in Indian market.