This study aims to analyze the effect of Inflation, Exchange Rate, Interest Rate, World Crude Oil Prices and World Gold Prices on the volatility of Mining Index on Indonesia Stock Exchange. Sample taken in this research are monthly data of Inflation, Exchange Rate, Interest Rate, World Crude Oil Prices, World Gold Prices and Indonesia Mining Index period of 2014-2018. The method of analysis used in this study is multiple linear regression (time series data). The result showed that partially World Crude Oil Prices having significant positive effect on the volatility of Mining Index, while Exchange Rate and World Gold Prices are not having significant influence on the volatility of Mining Index. The implication in this study is that investors need to pay attention about the changes of World Crude Oil Prices, because it is proven to have a positive effect on volatility of Mining Index.

Keywords : Mining Index, Inflation, Exchange Rate, Interest Rate, World Crude Oil Prices, World Gold Price.