International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064

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Informative Article | Commerce and Economic Studies | India | Volume 12 Issue 9, September 2023

Exploring the Relationship of Gold (24 Carat) and the Sensex Using Regression in the Context of Vector Error Correction Model

Dr. S Jayadev | Dr. Sajeev Kumar B | Dr. Nithya U. S

Abstract: Using the robust Vector Error Correction Model (VECM), the present study investigates the dynamic relationship between Gold (24 Carat) and the Sensex, a significant stock market index. The study is analytical in nature and is based on secondary data pertaining Sensex and Gold price (24 Carat) for the period ranging from 1996 to 2023. The study found that Sensex corrects the error of the gold price (24 Carat) since the coefficient of C1 is negative and substantial. The error correction term in the VECM captures the short - term dynamics between gold prices and the Sensex.

Keywords: Financial Markets, Sensex, Gold (24 Carat), Vector Error Correction Model

Edition: Volume 12 Issue 9, September 2023,

Pages: 1313 - 1316

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