This study examines the performance of the return of Gold ETFs, Gold mutual fund, and physical Gold. Using the data collected from MCX, NSE and SMC Trade Online for the period from April 2007 to September 2012, adopting descriptive statistics, ANOVA and LSD test. Results proved that investing in...

The main purpose of introducing gold option futures is because option futures on gold will be fundamentally used for hedging the risks associated with gold price changes. But there is a common question whether that gold option contracts are effective in hedging price. This paper will be the...

This paper tests the impact of the commodity transaction tax (CTT) introduced in Indian commodity market since July 2013, particularly on market liquidity and volatility aspects. We rely on a distinctive design of the tax, which is imposed only on non agri-commodities. Here, we considered Gold...

The rationale behind introduction of CTT by government of India is still unclear. But as per few experts, revenue generation was the topmost priority behind the imposition of CTT, besides checking price volatility. In this study by adopting the bootstrap, and modified GARCH methodology, we...

The primary reason for the existence of commodity derivatives market is to offer instruments for price discovery and risk management. Imposition of CTT on futures trading in non-agriculture commodities has allegedly disturbed the Indian commodity market from carrying out its function price...