Gold and India

37 Pages Posted: 3 Mar 2015

See all articles by Charan Singh

Charan Singh

Indian Institute of Management (IIMB), Bangalore

Akshat Sinha

Indian Institute of Management (IIMB), Bangalore

Apurva Nadkarni

Indian Institute of Management (IIMB), Bangalore

Atirek Kumar

Indian Institute of Management (IIMB), Bangalore

Jayanta Sardar

Indian Institute of Management (IIMB), Bangalore

Samir Jain

Indian Institute of Management (IIMB), Bangalore

Sayan Das

Indian Institute of Management (IIMB), Bangalore

Shubham Agrawal

Indian Institute of Management (IIMB), Bangalore

Surbhi Shukla

Indian Institute of Management (IIMB), Bangalore

Date Written: February 27, 2015

Abstract

Gold is the most liquid form of wealth for centuries. This distinct characteristic of the yellow metal has eluded researchers for several years and continues to do so. It is also used as a hedge against inflation or recession when the market does not provide optimal investment opportunities. Gold demand is a complex function of various economic determinants and is potential area of academic research etc. Therefore, this study attempts to examine level of impact of gold imports on current account deficit (CAD), and governance and regulation of gold markets in India. Finally, the study makes some suggestions to develop gold market and monetize 21,000 tonnes of gold held by households and temples in the country.

Keywords: Gold, Gold Market, Current Account Deficit, Gold Bond Scheme

Suggested Citation

Singh, Charan and Sinha, Akshat and Nadkarni, Apurva and Kumar, Atirek and Sardar, Jayanta and Jain, Samir and Das, Sayan and Agrawal, Shubham and Shukla, Surbhi, Gold and India (February 27, 2015). IIM Bangalore Research Paper No. 482, Available at SSRN: https://ssrn.com/abstract=2572242 or http://dx.doi.org/10.2139/ssrn.2572242

Charan Singh (Contact Author)

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India
080-26993818 (Phone)

Akshat Sinha

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Apurva Nadkarni

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Atirek Kumar

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Jayanta Sardar

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Samir Jain

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Sayan Das

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Shubham Agrawal

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Surbhi Shukla

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

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