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Fluctuation of Gold Price

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Fluctuation of Gold Price

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  • March 2013
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ABSTRACT

Gold is a brilliant yellow precious metal that is resistant to air and corrosion. Gold comes second after bank deposits when it comes to the preference for investment in India and considered a savings and investment vehicle. India is the world’s largest consumer of gold in jewelry as an investment. Gold is traded in the form of securities on stock exchange Even when the gold prices are high there is steel boom in the commodities market of gold hence the main purpose and the need of the study are to know the investment pattern in gold and to hedge the risk The data which is used in the study is secondary data. The analysis has been done by using the technical tools Relative Strength Index (RSI), MACD. From the analysis it can be concluded that gold as an investment avenue has increased. There wider market for gold and a person with small amount can trade in gold. RSI can be considered as the best tool to evaluate the price movement of gold. The investors have to keep a keen watch on the price of gold and since there is an upward momentum in the price of gold it is time for the investor to sell

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