期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2017
卷号：21
期号：3
页码：1-10
语种：English
出版社：The DreamCatchers Group, LLC
摘要：Since ancient times, gold was accepted as a universal means of the exchange (Tripathi, Parashar, & Singh, 2014). It is considered as a safe investment and used in large quantities during festivals and ceremonies in India. Gold has been a sizeable component of the portfolios of Indian households. The gold price seems to have an upward trend throughout, even during the recession and people use gold as a status symbol (Bhunia & Das, 2012). The price changes in gold affect almost every investor in India. Hence analysing the volatility of gold gained importance in the recent years (Tully & Lucey, 2007)..
关键词：PGARCH;Leverage Effect;Gold Price;Conditional Volatility;ADF Test
