*Associate Professor, Department of Commerce, Shri. V. R. Patel College of Commerce, Mehsana, Gujarat
**Visiting Faculty, Shri. V. R. Patel College of Commerce, Mehsana, Gujarat
Online published on 24 April, 2018.
Metal market acquires the major portion of the commodity market of India. This research paper aims to find out that if spot and future metal markets are having any co-integration or not. The study is based upon the time series data of about 10 years from July 1, 2005 to February 28, 2015. The research paper is divided into three sections; introduction, empirical analysis and findings & conclusion. The first section introduces about the objectives, scope, data and sample frame, source of data, sample size and units of observation and data transformation of the research study. The second section includes the details of hypothesis, results and findings of applying unit root test, Johansen co-integration test and Granger causality test. The third section of the study defines the summary of the all the techniques applied to find out co-integration among the MCXSMETAL and MCXMETAL. The analysis of the data reveals that the markets are efficient and there is positive results regarding transmission of information between both the markets.
