Here are some statistics generated from the provided gold rate data for Chennai in January 2024
Key Statistics for Pure Gold (24K)
- Highest Rate: ₹6390.00 (on 2nd January 2024)
- Lowest Rate: ₹6250.00 (on 18th January 2024)
- Average Rate: ₹6313.71
- Range: ₹140.00 (₹6390.00 - ₹6250.00)
Key Statistics for Standard Gold (22K)
- Highest Rate: ₹5920.00 (on 2nd January 2024)
- Lowest Rate: ₹5780.00 (on 18th January 2024)
- Average Rate: ₹5845.16
- Range: ₹140.00 (₹5920.00 - ₹5780.00)
Trend Analysis
1. Early Month Trend (1st to 10th January): Rates started high, reaching a peak on 2nd January, then showed a gradual decline.
2. Mid-Month Trend (11th to 20th January): Rates hit the lowest point on 18th January but began recovering afterward.
3. Late Month Trend (21st to 31st January): A stable trend with minor fluctuations, closing the month slightly higher than the mid-month low.
Price Stability
- Days with No Change (24K): 7 days (e.g., 7th, 14th, and 28th January)
- Days with No Change (22K): 7 days (same dates as above).
Percentage Change
- Overall Change in Pure Gold (24K):
- From ₹6380.00 (1st Jan) to ₹6320.00 (31st Jan)
- Change: -₹60.00 (-0.94%)
- Overall Change in Standard Gold (22K):
- From ₹5910.00 (1st Jan) to ₹5850.00 (31st Jan)
- Change: -₹60.00 (-1.01%)
Gold Rate Trends (Day-to-Day Changes)
Pure Gold (24K):
- Total Days with Increase: 8 days
- Total Days with Decrease: 11 days
- Days with No Change: 12 days
Standard Gold (22K):
- Total Days with Increase: 8 days
- Total Days with Decrease: 11 days
- Days with No Change: 12 days
Median Rates
- Pure Gold (24K): ₹6315.00
- Standard Gold (22K): ₹5845.00
Standard Deviation (Price Volatility)
- Pure Gold (24K): ₹36.77
- Standard Gold (22K): ₹36.78
*(Lower standard deviation indicates a relatively stable price trend.)*
Peak and Bottom Dates
Highest Rates:
- 24K: ₹6390.00 on 2nd January
- 22K: ₹5920.00 on 2nd January
Lowest Rates:
- 24K: ₹6250.00 on 18th January
- 22K: ₹5780.00 on 18th January
Price Movements by Weeks:
| Week | Average Rate (24K) | Average Rate (22K) | Trend |
|---|---|---|---|
| Week 1 (1–7) | ₹6367.14 | ₹5897.14 | Slight Decline |
| Week 2 (8–14) | ₹6302.14 | ₹5832.14 | Gradual Decline |
| Week 3 (15–21) | ₹6295.71 | ₹5825.71 | Lowest Mid-Month Rates |
| Week 4 (22–31) | ₹6308.00 | ₹5838.00 | Stabilization with Uptick |
Price Comparison (Beginning vs End of Month):
| Category | Pure Gold (24K) | Standard Gold (22K) |
|---|---|---|
| Start of Month (1st) | ₹6380.00 | ₹5910.00 |
| End of Month (31st) | ₹6320.00 | ₹5850.00 |
| Change (₹) | -₹60.00 | -₹60.00 |
| Change (%) | -0.94% | -1.01% |
