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Research Paper | Finance | Indonesia | Volume 6 Issue 10, October 2017

Effect of Prices, Exchange Rate and Volume of Demand for Gold Price Volatility in Indonesia Stock Futures

Samsu G

Abstract: The purpose of this study to analyze the effect of prices, exchange rates and the volume of demand to price volatility of gold. Research conducted Futures Exchange Indonesia with a population and a sample of gold investment data within a period of six years (2011-2016). Collected data were analyzed using multiple linear regression analysis with SPSS. The study found that the price, the exchange rate and the volume of demand affect the price volatility of gold in Indonesia Futures Exchange. Result showed that the price and the exchange rate had a positive influence and significant volatility Futures Exchange price of gold in Indonesia. This means that the differentiation of movements in gold prices and a stable exchange rate every year to give effect to the movement of gold price volatility. While the volume of demand and no significant negative effect on volatility, which means that the transaction is stagnant on the volume of demand control of gold price volatility in the market. Price proven has dominant positive and significant impact on the volatility of the gold price in Indonesia Futures Exchange. This means that prices are always changing every week affecting the movement of the volatility of the gold price. Volatility movement indicated movement of the gold standard that provides prospective favorable to gold investment.

Keywords: Prices, Exchange Rate, Volume Demand and Volatility

Edition: Volume 6 Issue 10, October 2017,

Pages: 877 - 881

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