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Annual and Monthly Gold Rates
E-commerce & Online Transactions
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About
This dataset contains historical annual and monthly gold prices, providing a valuable record of gold's value over time. It is sourced from DataHub and is anticipated to receive annual updates, making it a current and evolving resource for market analysis.
Columns
- Date: This column records the specific date for which the gold price is noted. It covers a broad time span from 1 December 1950 to 1 December 2019, with a total of 70 valid date entries.
- Price: This column indicates the corresponding gold price for each given date. The prices range from 34.66 to 1687.34, with a mean price of approximately 413 and a standard deviation of about 442, based on 70 valid entries.
Distribution
The dataset is provided in a CSV (Comma Separated Values) format and is relatively small, with a file size of 1.19 kB. It consists of two distinct columns and contains 70 individual records or rows, offering a clear and concise structure.
Usage
This dataset is ideally suited for a variety of applications, particularly in the field of economics and financial analysis. It can be used for:
- Analysing long-term historical gold price trends.
- Developing and testing financial models related to commodities.
- Researching the economic impact of gold price fluctuations.
- Educational purposes for students studying market dynamics.
Coverage
The data covers a significant historical period, ranging from 1 December 1950 to 1 December 2019. The sources do not specify a particular geographic coverage, implying that the prices represent a general or global market value.
License
Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
Who Can Use It
This dataset is designed for a diverse range of users, including:
- Financial researchers looking into market patterns.
- Economists studying inflation or commodity markets.
- Data analysts interested in time-series data.
- Students undertaking projects on historical economic data.
Dataset Name Suggestions
- Historical Gold Prices
- Global Gold Price History
- Annual and Monthly Gold Rates
- Gold Market Data 1950-2019
Attributes
Original Data Source: Annual and Monthly Gold Rates
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