Volume 20 No 20 (2022)
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Gold Price Prediction Using Machine Learning Algorithm
Shubham Kumar Singh,Nidhi Gupta,Smriti Baliyan,Pardeep Kumar Mishra
Abstract
Since ancient times, gold has been cherished for its value and worth. Back then, gold was primarily used for trading purposes and as a method of remuneration. But now, it is looked upon as an investment and is found to exhibit the wealth of a country. Expensive metals like gold, in critical times, are used to assure the reimbursement of money borrowed as well. Thereby, gold is not only found to behold the rich, but also the poor. During pandemic crises, like the Covid-19, investments on gold in early times, might have a beneficial impact. Hence, predicting gold rates with live data and investing in gold at the right time is quite useful. The gold rates have been predicted using a variety of machine learning methods like linear regression, decision trees, and random forests
Keywords
Gold rates, prediction, random forest, predictive analytics
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