Abstract:
Gold prices in Indian market may be influenced by a multitude of factors such as
investment decision, inflation hedge and consumption motives. Gold prices are
modelled using a vector error correction model. We identify investment decision and
inflation hedge as prime movers of the data. We also present out-of-sample forecasts of our model and the related properties
Description:
1 Assistant Professor, Indian Institute of Management Kozhikode
2 NAV Capital LLP, Mumbai, India
3 Associate Professor, , Indian Institute of Management Kozhikode
