@article{P. Hemavathy_S. Gurusamy_2020, title={IMPACT OF DOMESTIC GOLD PRICES ON INDIAN STOCK MARKET INDICES WITH SPECIAL REFERENCE TO GLOBAL FINANCIAL CRISIS - AN EMPIRICAL STUDY}, volume={10}, url={https://journals.smsvaranasi.com/index.php/managementinsight/article/view/433}, abstractNote={<p>The study investigates the impact of domestic gold price on Indian stock market indices during the Pre and Post Global<br>financial crisis era for the period from April 1999 to March 2013 using appropriate descriptive statistics and econometric<br>analysis such as Augmented Dickey Fuller Unit Root Test and Linear Regression model. The domestic gold price in<br>India is perpetually escalating in corollary of its passionate domestic demand on account of liquidity, protection and<br>spreader portfolio. Indian households vacillate to consider the capital market as a viable asset class for parking their<br>savings. When the stock market dishevels or when the dollar aggravates, gold protracts to act as a safe haven investment.<br>Households persistently and predominantly invest in their quintessential favorite "Gold", which has the character of<br>splendid at trouncing inflation. Rupee depreciation has caused gold prices in India to ascend appreciably and to hit<br>high record. The study is based on secondary data obtained from World Gold Council database and NSE database.<br>ADF Unit root test indicates that the selected time series are stationary at 1st difference. Linear Regression Methodology<br>was employed to examine the impact of Domestic gold price on Indian Stock market indices during pre and post Global<br>financial crisis era. More explicitly, the study concludes that the Global financial crisis has refocused investors’ attention<br>to safe haven assets such as gold and the equity markets have experienced hectic inconsistency. Domestic gold price<br>continues to rule high. Gold effortlessly crushes most other investment options especially in equities in the aftermath<br>Global Financial crisis.&nbsp;</p&gt;}, number={1}, journal={Management Insight}, author={P. Hemavathy and S. Gurusamy}, year={2020}, month={Apr.}, pages={1-8} }