Gold spot market dominates futures, impacting trading and market efficiency.
The study looked at how the prices of Bahar-e-Azadi Gold Coin spot and futures contracts in Iran change over time. They found that the spot market has more influence on prices than the futures market, likely because more people trade in the spot market. The prices of both spot and futures contracts show a long-term pattern, meaning they don't change quickly. This could be due to incomplete information and difficulties in trading.