An Analysis of Gold Price Variation and Its Impact on Commodity Market in India

Gold is considered the most feasible element of investment. In the times of crisis also, it has proved to be most accessible and investors of all ages have taken it as the safest one to cope with crisis. In India, Gold has been a pillar of tangible, storable and transportable wealth. It is the core component of Indian culture-social and financial both. In commodity market, gold has its unique relevance. But fluctuations in its prices make a weird situation in the market. This paper deals with various aspects attached to gold like its relevance, reasons for price fluctuation and impact on Indian economy in the times of global crisis.