DEMAND AND SUPPLY OF GOLD IN INDIAN

Demand is the relationship between price ad the quantity demanded for a particular goods and series in a particular circumstances. For each price the demand relationship tells the quantity the buyers wants to buy at the corresponding price. The quantity the buyer wants to buy at a particular price is called Quantity dead.

On the basis of Gold Commodity in India Market:

In the relation of gold the demand cannot be affected or does not matter of price demand and supply because it is luxurious product and they always usable for functions and many of areas.The price of gold is increases demand then the demand ad supply also occur in positive range.

The term can be movable as follows:

•  When the price is increase then the demand and supply can be movable in upward direction.
•  When the price is decrease the the dead ad supply ca change because the dead is high ad supply will be decrease in rage.

The main objective of gold demand and supply are as follows:

•  When the price is automatically increased in year 2005 the the consumer are simultaneously struggling.
•  In present time the market price of gold Rs. 30,000 per 10 gram. Basically in the session of Diwali, Dhanteras the demand of gold is high and the costumer can buy without any price problem.

The basic use of elasticity in economist as follows:

•  Economist want to compare gold demand all the times
•  An elasticity is a unit-free measure
•  Elasticity allows to identify the difference along markets without standardizing the units of measurements.

Analysis of demand and supply of gold in India:

•  Demand for gold has a autonomous character. Supply follows demand.
•  Demand exhibits income elasticity, particularly in the rural and semi-urban areas.
•  A part of the demand is caused by the need to stash away uncounted wealth ad income.