A STUDY ON GOLD PRICE PERFORMANCE RELATION AMONG THE COUNTRIES OF US, INDIA, CANADA AND AUSTRALIA

The Study of different forms of Investment plays a major role in economic Investments. Among the economic Investments Gold also plays a major role in certain countries. Gold is one of the precious yellow metals in the world and one of the major investment options by many of the countries. Many of the Countries prefer various sources of Investment opportunities, but the countries like India prefer Gold as best source of investments compared to the other avenues. Like the up trends and down trends in the stock market Gold markets also have its own performance of price hike or down or standard. Moreover there is always preference for Gold as an option to invest by Indian investors and also due to the essential need for certain events. The study depends on the secondary data for sixteen years 2003 to 2018 of percentage of performance of Gold prices among the countries like America, Australia, Canada and India. The study is done on casual research basis to know is there any relation between the said countries with the performance of price rate of Gold. It is found that there is statistically significant relation between US and India also among Australia and India in Gold price fluctuations