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A Study on Gold Trends: India vs China


Affiliations
1 MBA Student, Mumbai Educational Trust, Institute of Management, Bandra, University of Mumbai, India
2 Assistant Professor, UGC-NET Mumbai Educational Trust, Institute of Management, Bandra, University of Mumbai, India
 

Indians consider the yellow metal as an object of luxury believed to be worthy for only gods and rulers. The metal is a symbol of wealth, supremacy, beauty, and cream of the crop and holds immense religious magnitude in Indian culture, gold is conventionally considered a good inflation hedge and during times of inflation the price is likely to rise. Gold investment is important in India. The Gold Monetization Scheme, as introduced by the government of India, aims to monetize gold so that it earns interest. The objective was to mobilize gold held by households and institutions in the country and put them to productive use. This paper elaborates a study of gold trends in India vs. China.

Keywords

Gold Trends, Gold Monetization Scheme, Inflation, Mobilize.
Notifications

  • Nirupama Soundararajan, Arindam Goswami (2017, April). Gold Monetisation-Unravelling the Constraints.

  • (2018, June). World Gold Council, China's jewellery market-quietly improving.

  • Zhang Chenghui, Chen Daofu (2018, July). World gold Council, Recommendations for the further development of China's gold market.

  • Roman Grynberg, Teresia Kaulihowa (2018, October). Gold Jewellery Demand and Gold Price Volatility: A Global Perspective.

  • Vaibhav Aggarwal (2018, January). Indian Gold Demand and Consumer Buying Pattern: An Industry Perspective.

  • J K Raju, Manjunath B R (2018, February)., A Study on Performance Evaluation of Gold ETFs in India.

  • Charan Singh, Amrutha Das (2017, January).How to Make the Gold Monetisation SchemeSuccessful.

  • Gerry Chen (2018, October). Potential for growth in China's jewellery market.

  • Moradia, Abha, Mehta, Ashish C (2018, August). Analyzing Gold Returns: Indian Perspective.

  • Girish Karunakaran Nair, Nidhi Choudhary (2015). The Relationship between Gold Prices and Exchange Value of US Dollar in India.

  • Niti Aayog (2018, February). Transforming India's Gold Market.

  • Nirupama Soundararajan, Arindam Goswami (2014, December). FICCI, Why India needs a Gold Policy.


Abstract Views: 334

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  • A Study on Gold Trends: India vs China

Abstract Views: 334  |  PDF Views: 96

Authors

Aaisha J. Kamdar
MBA Student, Mumbai Educational Trust, Institute of Management, Bandra, University of Mumbai, India
Pranita M. Waghmare
Assistant Professor, UGC-NET Mumbai Educational Trust, Institute of Management, Bandra, University of Mumbai, India

Abstract


Indians consider the yellow metal as an object of luxury believed to be worthy for only gods and rulers. The metal is a symbol of wealth, supremacy, beauty, and cream of the crop and holds immense religious magnitude in Indian culture, gold is conventionally considered a good inflation hedge and during times of inflation the price is likely to rise. Gold investment is important in India. The Gold Monetization Scheme, as introduced by the government of India, aims to monetize gold so that it earns interest. The objective was to mobilize gold held by households and institutions in the country and put them to productive use. This paper elaborates a study of gold trends in India vs. China.

Keywords


Gold Trends, Gold Monetization Scheme, Inflation, Mobilize.

References





DOI: https://doi.org/10.17697/ibmrd%2F2020%2Fv9i1%2F152325