" REPORT ABOUT DO RISING PRICE AND MOUNTING DEMAND IN INDIAN GOLD MARKETPLACE SPEAK OF A PARADOX? " A STUDY ON " MISMATCH BETWEEN REQUIREMENTS
FOR AND SUPPLY OF GOLD''
CASE STUDY POSTED IN PART FULFILLMENT WITH THE REQUIREMENT OF EXPERTS OF BUSINESS MANAGEMENT SPAN OF ALLIANCE SCHOOL
ALLIANCE ORGANIZATION SCHOOL
Page no . Content
1 Cover page
3 Trouble statement and Executive Overview
4 Issue analysis
a few Statistical data and presentation
Mismatch between with regard to and supply of gold.
In India, Hutti gold mine organization in Karnataka is the only company adding 3 soucis of gold to Of india market nevertheless another supply of gold is definitely from the recycled jewellery or scrap jewelry. In 2006 one zero five tonnes of gold was recycled in a year. To meet most demand in the Indian industry India imports approximately seven-hundred tonnes of gold each year. In the year 08 during the diwali time the need for precious metal increased resulting in the fall in the price of gold from $900 to $712 this was because of the reduction in require that took place in the year 3 years ago when the price of gold went up. The higher price of platinum has decreased the demand for it especially in the jewellery sector. Yet, in 2005 when the Gold price proceeded to go up the demand for gold also increased equally. The real estate and stock market was considered a better option than investing in platinum. This made the experts comment the demand shape for platinum in India is inverted. However the Indians believe that precious metal is the best method to preserve and improve their riches. During downturn investors believed that precious metal was the ideal mean to secure and safeguard their wealth. But the demand for gold went down because of the increase in the value of precious metal. Indians gold demand has been reached through imports. However the importance of gold has started have dropped. There is zero percent imports during the year 2009. There is a great as well as bad relationship between price and demand for gold. The maximum demand for gold was in the year 1998 being 871tonnes and the cost being Rs12000 and the least being back in 1991 in which the price was Rs8518 plus the demand was 271 soucis. The Demand intended for gold also depends on elements such as profits of consumer, population, tastes and preferences of customers. The relation between price and demand can be shown by using a demand competition by the experts. Platinum started out replacing precious metal as the buying price of it was comparatively lesser than gold. Nevertheless the demand for platinum never lowered in India as gold is considered as a symbol of tradition and status accumulating its require in the Of india market. The global recession back in 2008 built people get the ever increasing price of gold. The increase in gold is due to the demand to get investment however some analysts believe that rare metal is basically used for jewellery purpose. The positive and inverse result shows the relation between price as well as the substitution a result of gold.
1 . Based on the data the retail price is different in such a way that it really is neither increasing nor lessening which shows that the no pricing elements have an effect on the market benefit of gold.
2 . In some years there has been within demand plus the price of gold which usually shows that during some years it is following the law of demand. a few. We can likewise see that even if the prices of gold are increasing, demand is also raising in some cases which shows that demand for the gold depends remarkably upon peoples' willingness to buy.
Below this case research we have tried to find out the result that non-price factors like population, income of buyer, taste and preferences, expected future prices, price of related goods etc . can have for the demand in the product. four. Uncertainty in imports that is certainly in the year 2009 there was absolutely no percent imports where as back in 1998, 871tonnes of precious metal was brought in. 5....