THE ROLE OF GOLD IN THE INDIAN COMMODITY MARKET: A SAFE HAVEN OR SPECULATIVE ASSET

In general, a market may be treated as a place where the interchange of goods and services occurs.The business or commercial activity is being carried out with of view to earn some benefits.A commodity market is a venue that merchandise in the process of buying and selling of infinite commodities dealt with market.The commodities are sorted into two, hard and soft commodities.From the abundant commodities, the paper focuses on only gold commodity exclusively.The inevitable role of gold and its price fluctuations are discussed in this paper.The gold plays signification role in both our Indian culture and economy.The study aims to gain knowledge on the price movements in gold with its determining factors.In this study secondary data collection techniques and methods are implied.The study period involves the price movements of gold commodity from January 2021 to January 2023 and it is concluded that gold futures have generally increased in price from 2021 to 2023.