Impact of Gold and Crude Oil on Stock Market Volatility in India Dr. Singh Balwinder*, Ms. Chitkara Kriti** *Professor, Department of Commerce, Guru Nanak Dev University, Amritsar, India **Junior Research Fellow, Department of Commerce, Guru Nanak Dev University, Amritsar, India Online published on 6 February, 2016. Abstract India is the fourth largest importer of Crude oil and the largest importer of Gold in the world. Trading in Crude Oil, Gold, Crude Futures and Gold Futures on Organized exchanges began in 2005 in India. Since, India is a price-taker, the escalating price of these commodities and their Futures flares up uncertainty in the economy, as reflected in the Volatility in the Stock Market. The purpose of the study is to highlight the effect of returns of Crude Oil, Gold, Crude Futures and Gold Futures on the Volatility in the Indian Stock Market. The study reveals that Crude Oil, Gold and Crude Futures have a significant impact on the stock Market Volatility in India. The study is useful for the policy makers and the government to take measures to reduce reliance on imported goods and harness alternative sources for sustainable economic growth. Top Keywords Crude Futures, Crude Oil, GARCH, Gold, Gold Futures, Stock Market, Volatility. Top |