Discover Raipur Gold 24k (RAIP-24k) Historical Prices with Metals-API

Introduction

In the ever-evolving landscape of precious metals trading, understanding the historical prices of gold, specifically Raipur Gold 24k (RAIP-24k), is crucial for investors and traders alike. With the advent of digital transformation in the financial sector, accessing real-time and historical data has become more streamlined and efficient. One of the most powerful tools available for this purpose is the Metals-API. This blog post will delve into the capabilities of Metals-API, focusing on how to retrieve historical prices and other valuable data related to gold (XAU) and other metals.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. Its allure transcends cultures and centuries, making it a universal standard for value. In recent years, the digital transformation in precious metals has revolutionized how traders and investors interact with gold. The integration of technology in trading has led to innovative price discovery methods, enabling users to access real-time data and analytics.

Data analytics plays a pivotal role in understanding market trends and making informed decisions. With the right tools, traders can analyze historical price movements, identify patterns, and predict future fluctuations. The Metals-API offers a comprehensive suite of features that empower developers to build applications capable of harnessing these insights.

Metals-API Overview

The Metals-API is a robust JSON API that provides real-time and historical data on various metals, including gold, silver, platinum, and palladium. Its capabilities extend beyond mere price retrieval; it offers a plethora of endpoints designed to cater to the diverse needs of developers and traders. By leveraging this API, users can access critical market insights, enabling them to make data-driven decisions.

One of the standout features of Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, users can receive updates every 60 minutes or even every 10 minutes. This level of granularity is essential for traders who need to react swiftly to market changes.

Key Features and Endpoints

Metals-API provides a variety of endpoints that serve different purposes, each designed to enhance the user experience and provide valuable data. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint allows users to retrieve real-time exchange rates for all available metals. This endpoint is crucial for traders who need immediate access to current market prices. The response includes a timestamp, base currency, and rates for various metals.

{
    "success": true,
    "timestamp": 1745197444,
    "base": "USD",
    "date": "2025-04-21",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For those interested in analyzing past market performance, the Historical Rates Endpoint is invaluable. Users can query historical rates dating back to 2019 by appending a specific date to the API request. This feature enables traders to conduct thorough analyses of price trends over time.

{
    "success": true,
    "timestamp": 1745111044,
    "base": "USD",
    "date": "2025-04-20",
    "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 provides real-time bid and ask prices for metals, allowing traders to gauge market sentiment and make informed decisions. This feature is particularly useful for those looking to execute trades at optimal prices.

{
    "success": true,
    "timestamp": 1745197444,
    "base": "USD",
    "date": "2025-04-21",
    "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 essential for traders who deal with multiple currencies and need to quickly assess value conversions.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745197444,
        "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 functionality is particularly useful for analyzing trends over specific periods and understanding market behavior.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-14",
    "end_date": "2025-04-21",
    "base": "USD",
    "rates": {
        "2025-04-14": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-04-21": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint allows users to track rate fluctuations between two dates. This feature is beneficial for traders looking to understand volatility and make strategic decisions based on market movements.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-14",
    "end_date": "2025-04-21",
    "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 provides users with open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on candlestick charts and other technical analysis tools.

{
    "success": true,
    "timestamp": 1745197444,
    "base": "USD",
    "date": "2025-04-21",
    "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 feature is particularly useful for users interested in the London Metal Exchange's pricing data.

API Key and Authentication

To access the Metals-API, users must obtain an API key, which is passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that only authorized users can access the data.

API Response Structure

The API responses are structured to provide clarity and ease of use. By default, all exchange rates are relative to USD, and the data is returned in a JSON format, making it easy to integrate into applications. Each response includes a success flag, timestamp, base currency, and the relevant rates.

Common Use Cases

Developers can leverage the Metals-API for various applications, including:

Building trading platforms that require real-time price updates.
Creating analytical tools for historical price analysis.
Developing mobile applications that provide users with gold price alerts.
Integrating with e-commerce platforms to display current metal prices.

Conclusion

The Metals-API is a powerful tool for anyone involved in the trading or investment of precious metals, particularly gold. Its extensive features, including real-time rates, historical data, and various endpoints, provide developers with the resources needed to create innovative applications. By understanding how to utilize the API effectively, traders can gain valuable insights into market trends and make informed decisions.

For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. The Metals-API Website is also a valuable resource for accessing the latest updates and features.

Ready to use Metals-API?

Try it now!

Documentation

API Endpoints

Knowledge Base