BIO Web Conf.
Volume 86, 2024International Conference on Recent Trends in Biomedical Sciences (RTBS-2023)
|Number of page(s)
|12 January 2024
A short on the current scenario of fluctuations in commodity market in India
Mittal School of Business, Lovely Professional University, Phagwara
* Corresponding Author: firstname.lastname@example.org
Several Indian commodities are fluctuating in price. Gold prices rose 1.5% this month to a 6- month high, while crude oil prices fell 5% to a 4-month low owing to sluggish global demand. These variations are expected to raise the commodities market's nominal worth to US$983.30 billion by 2023. These changes are caused by supply and demand, production costs, economic development, geopolitical events, natural catastrophes, speculative trading, and government policies. These variables impact commodity prices and the global economy, influencing consumer products, stock markets, and other industries. These swings have major effects on India's economy. Trade disruptions may hurt commodity-dependent economies. Even as prices fall, commodities market volatility is expected to provide economic concerns. Commodity pricing, global trade dynamics, and changing rules and standards may impact actual economic activity, inflation, and economic development in India.
Key words: Energy commodities / ARDL bound / Causal relationship / Energy / Johansen Co-integration / Stock index and Toda and Yamamoto test
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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