The Impact of Gold Price and Us Dollar Index: The Volatile Case of Shanghai Stock Exchange and Bombay Stock Exchange During the Crisis of Covid-19

This literature aims to analyze the impact of Dollar Index and Gold Price returns volatility on stock market India China, viz., Shanghai Stock Exchange Bombay Sensex, during period Covid-19. study employs daily time-series data from January up August for 2019, 2020, a merged 2019-2020, i.e., Pre-Pandemic, Mid-Pandemic Pre through periods, respectively; avoid possible abnormalities heteroscedasticity, GARCH (1,1) model is utilized scrutinize depending which distribution more acceptable, GED or Gaussian, decided based Unit-Root normality test results. The findings this prove that mostly does have significant effect both markets, especially times financial crisis like Covid-19 epidemic. Whereas has emerging markets such as China though effects persist in some cases, it not valid most cases.DOI: 10.26905/jkdp.v25i3.5142