Relationship of Indian Gold Market and Stock Market
Keywords:
Causality, Cointegration, Stationarity, Lead-LagAbstract
The present study investigates the relationship between Indian gold price and Indian stock market Index Sensex for the period of January 2010 to December 2015 using daily time series data with the help of Unit Root Augmented Dickey Fuller test, Phillips-Perron, Johanson Co-integration and Granger Causality test to measure the long run relationship. The results of the analysis show that there is no causality between the gold price and Sensex.
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