Fetch Micro Gold Futures (MGC) prices with this API

Fetch Micro Gold Futures (MGC) Prices with this API

In the ever-evolving landscape of financial markets, the demand for real-time data and analytics has never been greater. For those interested in precious metals, particularly gold, the ability to access accurate and timely information is crucial. This is where the Metals-API comes into play, offering developers a powerful tool to fetch Micro Gold Futures (MGC) prices and other metal data seamlessly. In this blog post, we will explore the intricacies of the Metals-API, focusing on its capabilities, the significance of gold in the market, and how developers can leverage this API to create innovative applications.

Metals-API Information

The Metals-API is a comprehensive solution designed to provide real-time and historical data for various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). With its robust architecture, the API empowers developers to build applications that can analyze market trends, perform currency conversions, and track price fluctuations effectively.

About Gold (XAU)

Gold has long been regarded as a safe haven asset, especially during times of economic uncertainty. Its intrinsic value and historical significance make it a popular choice among investors. The digital transformation in precious metals trading has led to the integration of advanced technologies, enabling more efficient price discovery and market insights. By utilizing data analytics, traders can make informed decisions, optimizing their strategies based on real-time information.

Moreover, the rise of digital asset solutions has further revolutionized how gold is traded. With the Metals-API, developers can access a wealth of information that allows them to create applications capable of analyzing gold prices, understanding market dynamics, and even predicting future trends based on historical data.

API Description

The Metals-API is designed with innovation and technological advancement at its core. It provides developers with the tools necessary to build next-generation applications that can harness the power of real-time metals data. The API offers a variety of endpoints, each serving a unique purpose, from fetching the latest rates to accessing historical data and performing conversions.

For detailed information on how to implement the API, developers can refer to the Metals-API Documentation, which outlines the various endpoints, their functionalities, and usage examples.

Key Features and Endpoints

The Metals-API boasts several key features that enhance its usability and functionality. Here are some of the most notable endpoints:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes. This feature is essential for traders looking to make timely decisions based on the most current market data.
Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This allows developers to analyze past trends and make informed predictions about future price movements.
Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals, providing insights into market liquidity and helping traders gauge the best times to enter or exit positions.
Convert Endpoint: This endpoint allows for seamless currency conversion between metals and fiat currencies. Developers can easily convert any amount from one currency to another, facilitating transactions and analyses.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is particularly useful for trend analysis and understanding price movements over time.
Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
Carat Endpoint: Retrieve gold rates by carat, allowing for precise calculations based on the purity of gold.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, helping traders identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Access open, high, low, and close prices for a specific date, providing a comprehensive view of market performance.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for extensive analysis of market trends.
API Key: Each user receives a unique API key, which is essential for accessing the API's functionalities. This key must be included in the API base URL's access_key parameter.
API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency and ease of use.
Available Endpoints: The API comes with a comprehensive list of endpoints, each designed to provide specific functionalities, ensuring that developers have access to the data they need.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies, ensuring that developers can access the latest information.
Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to regional market needs.
News Endpoint: Stay updated with the latest news articles related to various metals, helping traders stay informed about market developments.

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 Endpoint Examples and Responses

Understanding the API's response structure is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1749308412,
    "base": "USD",
    "date": "2025-06-07",
    "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"
}

This response indicates a successful request, providing the latest rates for various metals, with gold (XAU) priced at 0.000482 per troy ounce.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1749222012,
    "base": "USD",
    "date": "2025-06-06",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for a specific date, allowing developers to analyze past market performance.

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-31",
    "end_date": "2025-06-07",
    "base": "USD",
    "rates": {
        "2025-05-31": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-07": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of rates, allowing developers to visualize trends over a specified period.

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": 1749308412,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the conversion of 1000 USD to gold (XAU), resulting in 0.482 troy ounces.

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-31",
    "end_date": "2025-06-07",
    "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 response details the fluctuations in metal prices over a specified period, providing insights into market volatility.

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1749308412,
    "base": "USD",
    "date": "2025-06-07",
    "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"
}

This response provides open, high, low, and close prices for metals, essential for traders analyzing market performance.

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1749308412,
    "base": "USD",
    "date": "2025-06-07",
    "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 response provides the current bid and ask prices for metals, allowing traders to assess market conditions.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data for precious metals, particularly gold. By leveraging its various endpoints, developers can create innovative applications that provide valuable insights into market trends, price fluctuations, and trading opportunities. The ability to fetch Micro Gold Futures (MGC) prices and other metal data in real-time empowers traders to make informed decisions, optimizing their strategies in a competitive market.

For more information on how to implement the Metals-API in your applications, refer to the Metals-API Documentation. To explore the full range of supported symbols, visit the Metals-API Supported Symbols page. The Metals-API Website also provides additional resources and support for developers looking to integrate this powerful API into their projects.

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Fetch Micro Gold Futures (MGC) prices with this API