Abstract
The covid-19 pandemic has had far-reaching consequences for the global economy, affecting many financial market components, including the gold market. This study compares India and Vietnam based on data on several covid-19 indicators such as daily new infections, cumulative totals, daily new deaths from covid-19, and total deaths due to covid-19, affecting gold price volatility. The study's findings are based on daily observational data from the first confirmed case of covid-19 until March 11-2022, demonstrating that the covid-19 indicators have the opposite effect on gold prices in India and Vietnam. The study examined the effect of covid-19 (used as a dummy variable representing the date of covid-19 cases and the date of covid-19 deaths) using the GARCH (1,1) model. The study found no evidence of the covid-19 dummy's effect on gold price volatility in India. Meanwhile, the study's findings show that the impact of covid-19 exacerbates the negative effect on gold price fluctuations in Vietnam over time, especially on days when there is information about covid-19 deaths.
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