Access Hyderabad Gold (XAU-HYDE) prices using this API

Access Hyderabad Gold (XAU-HYDE) Prices Using This API

In today's rapidly evolving financial landscape, the demand for real-time data on precious metals has surged, especially for gold (XAU). The Metals-API provides a robust solution for developers looking to integrate gold pricing data into their applications. This blog post will delve into the capabilities of the Metals-API, focusing on how it empowers users to access and utilize gold prices effectively.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, making it a critical asset in financial markets. As digital transformation sweeps through various sectors, the precious metals market is no exception. The integration of technology in trading has revolutionized how investors access and analyze gold prices. With the advent of data analytics, market insights can now be derived from real-time data, enabling traders to make informed decisions.

The innovation in price discovery mechanisms has also been significant. Traditional methods of determining gold prices are being supplemented by advanced algorithms and machine learning techniques, which enhance accuracy and responsiveness to market changes. Furthermore, digital asset solutions are emerging, allowing for seamless transactions and ownership of gold in digital formats.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data on various metals, including gold. This API is designed to facilitate the development of next-generation applications that require accurate and timely metals data. By leveraging the capabilities of the Metals-API, developers can create applications that provide users with insights into market trends, price fluctuations, and historical data analysis.

For detailed information on how to utilize the API, refer to the Metals-API Documentation. This resource offers comprehensive guidance on the various endpoints available, how to authenticate requests, and best practices for implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for gold and other metals. Depending on your subscription plan, the API updates this data every 60 minutes or every 10 minutes. This feature is essential for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1745884988,
    "base": "USD",
    "date": "2025-04-29",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is crucial for trend analysis and forecasting. The Historical Rates endpoint allows users to query rates dating back to 2019. By appending a specific date to the request, developers can retrieve past pricing data, which is invaluable for understanding market movements over time.

{
    "success": true,
    "timestamp": 1745798588,
    "base": "USD",
    "date": "2025-04-28",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid and Ask Endpoint

The Bid and Ask endpoint is a powerful feature that provides real-time bid and ask prices for gold and other metals. This information is crucial for traders looking to execute buy or sell orders at optimal prices.

{
    "success": true,
    "timestamp": 1745884988,
    "base": "USD",
    "date": "2025-04-29",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing or trading purposes.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745884988,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series endpoint enables users to query the API for daily historical rates between two specified dates. This feature is essential for analyzing trends and making predictions based on historical data.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-22",
    "end_date": "2025-04-29",
    "base": "USD",
    "rates": {
        "2025-04-22": {
            "XAU": 0.000485
        },
        "2025-04-29": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation endpoint allows users to track rate fluctuations between two dates. This feature provides insights into how prices change over time, which can be critical for traders and analysts.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-22",
    "end_date": "2025-04-29",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

Open/High/Low/Close (OHLC) Price Endpoint

The OHLC endpoint provides detailed pricing information, including the open, high, low, and close prices for a specific time period. This data is essential for technical analysis and understanding market behavior.

{
    "success": true,
    "timestamp": 1745884988,
    "base": "USD",
    "date": "2025-04-29",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Lowest/Highest Price Endpoint

The Lowest/Highest Price endpoint allows users to query the API for the lowest and highest prices of gold over a specified date range. This feature is particularly useful for identifying market extremes and making informed trading decisions.

{
    "success": true,
    "timestamp": 1745884988,
    "base": "USD",
    "date": "2025-04-29",
    "rates": {
        "XAU": {
            "lowest": 0.000481,
            "highest": 0.000487
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for users interested in historical data specific to the London Metal Exchange.

{
    "success": true,
    "timestamp": 1745884988,
    "base": "USD",
    "date": "2025-04-29",
    "rates": {
        "XAU": 0.000482
    },
    "unit": "per troy ounce"
}

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to understand the full scope of available data.

Conclusion

The Metals-API is a transformative tool for developers seeking to integrate real-time and historical gold pricing data into their applications. With its extensive range of endpoints and capabilities, the API empowers users to access critical market information, analyze trends, and make informed trading decisions. By leveraging the power of data analytics and technology integration, developers can create innovative solutions that enhance the trading experience for users.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the documentation to unlock the full potential of this powerful API.