Fetch Kolkata Gold 24k (KOLK-24k) prices easily with this API

Fetch Kolkata Gold 24k (KOLK-24k) Prices Easily with This API

In today's fast-paced financial landscape, the demand for real-time data is paramount, especially in the precious metals market. The Metals-API provides a robust solution for developers seeking to integrate gold price data, including the Kolkata Gold 24k (KOLK-24k) prices, into their applications. This blog post delves into the intricacies of the Metals-API, focusing on its capabilities, features, and how it can transform the way developers access and utilize precious metals data.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As a digital transformation sweeps across industries, the precious metals market is no exception. The integration of data analytics and technology into trading practices has revolutionized how investors and traders interact with gold prices. The Metals-API stands at the forefront of this innovation, offering developers the tools to access real-time gold prices, historical data, and market insights.

With the rise of digital asset solutions, gold is increasingly viewed not just as a physical commodity but as a digital asset. This shift is facilitated by APIs like Metals-API, which empower developers to build applications that provide users with up-to-the-minute information on gold prices, trends, and fluctuations. By leveraging data analytics, traders can make informed decisions based on comprehensive market insights, enhancing their trading strategies.

API Description

The Metals-API is a powerful tool designed for developers looking to access real-time and historical data on various metals, including gold, silver, platinum, and palladium. This API enables the creation of next-generation applications that can provide users with accurate and timely information about metal prices. The API's capabilities extend beyond mere price retrieval; it offers a suite of features that facilitate comprehensive market analysis and trading strategies.

For more information on how to get started, visit the Metals-API Documentation. Here, you will find detailed instructions on how to implement the API in your applications, including authentication, endpoint usage, and response handling.

Key Features and Endpoints

The Metals-API offers several key features that developers can leverage to enhance their applications:

Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for applications that require the most current pricing information.
Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past prices, which is essential for trend analysis and forecasting.
Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: Easily convert any amount from one currency to another, facilitating transactions and calculations in your applications.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, enabling detailed analysis of price movements over time.
Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis, which is vital for understanding market volatility.
Carat Endpoint: Get information about gold rates by carat, allowing for precise calculations based on purity.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date, which can be useful for identifying market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Access open, high, low, and close prices for a specific time period, providing a comprehensive view of market performance.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those involved in trading metals on the London Metal Exchange.
API Key: Your unique API key is essential for accessing the API's features and must be included in your requests.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals supported by the API.
Gold Price India Endpoint: Retrieve the latest gold price in India, which is particularly useful for traders and investors in the Indian market.
News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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

API Endpoint Examples and Responses

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

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1748584949,
    "base": "USD",
    "date": "2025-05-30",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1748498549,
    "base": "USD",
    "date": "2025-05-29",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-23",
    "end_date": "2025-05-30",
    "base": "USD",
    "rates": {
        "2025-05-23": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-25": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-30": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748584949,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-23",
    "end_date": "2025-05-30",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1748584949,
    "base": "USD",
    "date": "2025-05-30",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1748584949,
    "base": "USD",
    "date": "2025-05-30",
    "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"
}

Conclusion

The Metals-API is an invaluable resource for developers looking to integrate precious metals data into their applications. With its extensive features, including real-time pricing, historical data, and various endpoints tailored for specific needs, the API empowers developers to create sophisticated trading and analysis tools. By leveraging the capabilities of the Metals-API, developers can provide users with accurate, timely, and actionable insights into the precious metals market.

For further exploration of the API's capabilities, visit the Metals-API Website for additional resources and support. Whether you're building a trading platform, a market analysis tool, or simply seeking to enhance your understanding of precious metals, the Metals-API is your gateway to the future of digital asset solutions.

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Fetch Kolkata Gold 24k (KOLK-24k) prices easily with this API