Extract Mumbai Silver (MUMB-XAG) Historical Prices using this API

In the dynamic world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. One of the most sought-after metals is silver, represented by the symbol XAG. This blog post will delve into the intricacies of extracting historical prices for Mumbai Silver (MUMB-XAG) using the Metals-API, a powerful tool that provides real-time and historical data on various metals. We will explore the capabilities of the Metals-API, the significance of silver in industrial applications, and how developers can leverage this API to create innovative applications.

Metals-API Information

About Silver (XAG)

Silver, known by its chemical symbol XAG, is not just a precious metal used for jewelry and investment; it plays a pivotal role in various industrial applications. From electronics to solar panels, silver's unique properties make it indispensable in modern technology. The demand for silver is driven by its conductivity, reflectivity, and resistance to corrosion, making it a key component in the manufacturing of high-tech devices.

Innovation in technology has further enhanced the applications of silver. For instance, the integration of smart manufacturing techniques has optimized the production processes, ensuring efficiency and sustainability. The digital market analysis of silver prices allows businesses to make data-driven decisions, while advancements in supply chain technology ensure that silver is sourced and delivered efficiently. As industries continue to evolve, the importance of silver in the global market remains significant.

API Description

The Metals-API is a robust platform that empowers developers to access real-time and historical data on various metals, including silver. With its innovative approach, the API provides a comprehensive suite of features that facilitate the development of next-generation applications. By harnessing the power of real-time metals data, developers can create applications that cater to the needs of traders, investors, and industrial users alike.

For more information, you can visit the Metals-API Website or refer to the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that provide different functionalities, each designed to cater to specific needs. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes, ensuring you have the latest information at your fingertips.
Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve historical data that is essential for trend analysis and market forecasting.
Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for metals, providing insights into market dynamics and helping traders make informed decisions.
Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This feature is particularly useful for traders operating in multiple currencies.
Time-Series Endpoint: This endpoint allows you to query the API for daily historical rates between two dates of your choice, making it easier to analyze trends over time.
Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis. This endpoint provides valuable insights into market volatility, which is crucial for risk management.
Carat Endpoint: Retrieve information about gold rates by carat, allowing jewelers and investors to make precise calculations based on purity.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specific date, providing a clear picture of market performance.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is particularly useful for those involved in trading on the London Metal Exchange.
API Key: Your unique API key is essential for accessing the API. It must be included in the API base URL's access_key parameter for authentication.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
Available Endpoints: The Metals-API includes 14 different endpoints, each providing unique functionalities tailored to various user needs.
Supported Symbols Endpoint: This endpoint returns all available metal symbols, ensuring you have access to the latest information on supported currencies.
News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market trends and developments.

For a complete list of all supported symbols, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1763917254,
    "base": "USD",
    "date": "2025-11-23",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

The response indicates that the request was successful, providing the latest exchange rates for various metals against USD. The rates are expressed per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1763830854,
    "base": "USD",
    "date": "2025-11-22",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint allows users to access historical exchange rates for a specific date. The response includes the rates for silver (XAG) and other metals, enabling users to analyze past market performance.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-16",
    "end_date": "2025-11-23",
    "base": "USD",
    "rates": {
        "2025-11-16": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-11-18": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-11-23": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint provides a range of historical rates between two specified dates. This is particularly useful for analyzing trends and making predictions based on past performance.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1763917254,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint allows users to convert a specified amount from one metal to another or to/from USD. In this example, 1000 USD is converted to troy ounces of gold (XAU), providing a clear result based on the current exchange rate.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-16",
    "end_date": "2025-11-23",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

This endpoint tracks the fluctuations in metal prices over a specified period. The response includes the start and end rates, as well as the percentage change, which is vital for understanding market volatility.

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

{
    "success": true,
    "timestamp": 1763917254,
    "base": "USD",
    "date": "2025-11-23",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The OHLC endpoint provides critical data for traders looking to analyze price movements throughout the trading day. The open, high, low, and close prices are essential for technical analysis and decision-making.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1763917254,
    "base": "USD",
    "date": "2025-11-23",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides the current bid and ask prices for metals, along with the spread. Understanding the bid-ask spread is crucial for traders as it indicates the liquidity of the market and potential transaction costs.

Conclusion

In conclusion, the Metals-API offers a comprehensive solution for accessing real-time and historical data on silver and other metals. By utilizing the various endpoints, developers can create innovative applications that cater to the needs of traders, investors, and industrial users. The ability to extract historical prices for Mumbai Silver (MUMB-XAG) empowers users to analyze market trends, make informed decisions, and stay ahead in the competitive landscape of precious metals trading.

For further exploration of the API's capabilities, refer to the Metals-API Documentation and stay updated with the latest developments in the metals market. The integration of real-time data into applications not only enhances user experience but also drives innovation in the financial technology sector.

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Extract Mumbai Silver (MUMB-XAG) Historical Prices using this API