Do global oil price shocks affect Indian metal market?

What is it about?

This paper investigates the spillover effect of global crude oil prices on Indian metal market. Two precious metals gold and silver, and three industrial metals aluminium, copper and zinc is studied over the period from 1 June 2006 to 31 March 2017. The study presents the case for diverse stakeholders to improve strategic oil reserves for stabilizing oil prices during global turmoil. Also, policy makers and practitioners may draw meaningful conclusions from findings of the present study to improve future market for stabilizing spot prices of metals while operating in Indian metal markets.

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Why is it important?

Policy makers and practitioners may draw meaningful conclusions from findings of the present study to improve future market for stabilizing spot prices of metals while operating in Indian metal markets.