Last few years have witnessed overwhelming investments in the gold market both directly and indirectly. These overwhelming investments in the gold market by individual and institutional investors have gained the attention of the research community. Numerous studies have examined how investment...

The last few years have witnessed overwhelming investments in the gold market. Numerous studies have discussed how investment in gold is a hedge against inflation. The current study investigates whether a gold investment is a hedge against inflation in case of Pakistan. In doing so, we have used...