Post-Market Price Discovery in Indian Gold ETFs: A Relative Parity Working Paper

This working paper presents an exploratory quantitative framework for studying post-market price discovery in Indian Gold Exchange Traded Funds (ETFs). The proposed Relative Parity model constructs a synthetic reference price during extended non-trading intervals by anchoring domestic ETF closing prices to global spot gold (XAU/USD) and currency (USD/INR) dynamics. The system is implemented as a Python-based analytical engine designed for research and modeling purposes. This work is intended as an academic research contribution and does not constitute investment advice.