Group no: - 4

Abhishek Tripathi 2015004

Harshad Devasthali 2015016
Milind Singh Chauhan 2015025
Bavya Venkateshwaran 2015012
Shivam Bhatia 2015049
Ashish Shukla - 2015010

Proposal of the Project:

Analysis of relationship between the gold prices and Bombay stock
exchange index.

Write up of the Project:

Gold market has been there since time immemorial. The use of gold,
especially in India, is for making jewellery but it is also used as a hedging
instrument in the market. The demand for gold in India, according to
World Gold Council website, is increasing every year and is expected to
rise by about one third of its present value by 2020. In the project we will
try to establish a correlation between the fluctuating BSE (Bombay stock
exchange) index and the world gold prices. We will be collecting Gold
price data from the world gold council website and the BSE

Background on the organization/Industry:

The Bombay stock exchange was established in 1875. It has 30 stocks of
companies, which are considered credible. The weightage of all the stock
is not equal the amount depends upon the company parameters. The
Gold market in India is ever growing the. In spite of the fact the gold
purchases weakens the Indian currency, it is still readily in demand and
considered a symbol of power and wealth in the society.

Type Analysis of the data:

Using Correlational analysis we will analyse the gold price data and
corresponding stock market data for the past 20 yrs. This will help us to
find out if there is a positive, negative or non- linear correlation between
the 2 values.