Access Mysore Gold 24k (MYSO-24k) Historical Prices via this API

In the ever-evolving landscape of precious metals trading, the ability to access historical prices is crucial for informed decision-making. The Mysore Gold 24k (MYSO-24k) symbol represents a significant asset in the gold market, and developers can leverage the Metals-API to retrieve historical price data efficiently. This blog post delves into the capabilities of the Metals-API, focusing on how it can be utilized to access historical prices for gold and other precious metals, while also exploring the broader implications of digital transformation in the precious metals sector.

Metals-API Information

The Metals-API is a powerful tool designed for developers seeking real-time and historical data on precious metals. It offers a range of endpoints that provide access to various functionalities, including the retrieval of historical prices, real-time rates, and conversion capabilities. By integrating this API into applications, developers can create innovative solutions that enhance trading strategies and market analysis.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of the financial markets. Its value is influenced by a myriad of factors, including economic indicators, geopolitical events, and market sentiment. In recent years, the digital transformation of the precious metals market has opened new avenues for data analytics and market insights. The integration of technology in trading has revolutionized how investors access and interpret gold prices.

With the rise of digital asset solutions, the demand for accurate and timely data has never been greater. The Metals-API addresses this need by providing developers with the tools necessary to build applications that can analyze market trends, forecast price movements, and optimize trading strategies. By leveraging data analytics, traders can gain deeper insights into market dynamics and make more informed decisions.

API Description

The Metals-API is designed to empower developers with real-time metals data, enabling the creation of next-generation applications. Its capabilities include:

Real-Time Data Access: The API provides real-time exchange rate data, allowing developers to build applications that respond to market changes instantly.
Historical Data Retrieval: Users can access historical prices dating back to 2019, making it possible to analyze trends over time.
Comprehensive Endpoints: The API includes various endpoints for different functionalities, such as bid/ask prices, conversion rates, and time-series data.

For detailed information on how to implement these features, developers can refer to the Metals-API Documentation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to cater to specific needs within the precious metals trading ecosystem. Here’s a closer look at some of the most important features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for precious metals. Depending on the subscription plan, this endpoint can return updates every 60 minutes or even more frequently. This feature is essential for traders who need to stay informed about the latest market conditions.

{
    "success": true,
    "timestamp": 1748408471,
    "base": "USD",
    "date": "2025-05-28",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. This is particularly useful for conducting market analysis and understanding price trends over time.

{
    "success": true,
    "timestamp": 1748322071,
    "base": "USD",
    "date": "2025-05-27",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid And Ask Endpoint is a powerful feature that enables developers to retrieve real-time bid and ask prices for various metals. This information is crucial for traders looking to execute buy or sell orders at optimal prices.

{
    "success": true,
    "timestamp": 1748408471,
    "base": "USD",
    "date": "2025-05-28",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "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 traders who need to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748408471,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This is particularly beneficial for analyzing trends over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-21",
    "end_date": "2025-05-28",
    "base": "USD",
    "rates": {
        "2025-05-21": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-05-23": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-05-28": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for traders looking to understand market volatility and make informed decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-21",
    "end_date": "2025-05-28",
    "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 Price Endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is crucial for technical analysis and understanding market trends.

{
    "success": true,
    "timestamp": 1748408471,
    "base": "USD",
    "date": "2025-05-28",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "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 traders dealing with industrial metals.

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.

API Response and Field Explanations

Understanding the API response structure is crucial for developers. Each response typically includes fields such as success, timestamp, base, date, and rates. Here’s a breakdown of these fields:

success: Indicates whether the API request was successful.
timestamp: The time at which the response was generated.
base: The base currency for the exchange rates.
date: The date for which the rates are applicable.
rates: An object containing the exchange rates for various metals.

For example, a successful response from the Latest Rates Endpoint might look like this:

{
    "success": true,
    "timestamp": 1748408471,
    "base": "USD",
    "date": "2025-05-28",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815
    },
    "unit": "per troy ounce"
}

In this response, the rates object provides the current exchange rates for gold (XAU) and silver (XAG) relative to USD.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter common questions regarding its usage:

How do I authenticate my API requests? Each request must include your unique API key as a parameter in the URL.
What is the rate limit for API requests? Rate limits vary based on your subscription plan, so it’s essential to review the documentation for specifics.
How can I handle errors in API responses? The API provides error codes and messages that can help diagnose issues. Implementing robust error handling in your application is crucial.

Practical Use Cases and Integration Strategies

The Metals-API can be integrated into various applications, including trading platforms, financial analysis tools, and market research applications. Here are some practical use cases:

Trading Platforms: Integrate real-time and historical price data to provide users with up-to-date information for making trading decisions.
Financial Analysis Tools: Use historical data to analyze trends and forecast future price movements, helping investors make informed decisions.
Market Research Applications: Gather and analyze data on precious metals to provide insights into market dynamics and investment opportunities.

Conclusion

Accessing historical prices for Mysore Gold 24k (MYSO-24k) through the Metals-API opens up a world of possibilities for developers and traders alike. By leveraging the API's extensive features, including real-time rates, historical data, and conversion capabilities, users can create innovative applications that enhance their trading strategies and market analysis.

The digital transformation in the precious metals market is reshaping how investors access and interpret data. With the Metals-API, developers have the tools they need to build next-generation applications that drive insights and optimize trading decisions. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation.

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Access Mysore Gold 24k (MYSO-24k) Historical Prices via this API