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Fetching Bangalore Gold (XAU-BANG) prices using this API for your application

Fetching Bangalore Gold (XAU-BANG) prices using this API for your application

Fetching Bangalore Gold (XAU-BANG) prices using this API for your application

Fetching Bangalore Gold (XAU-BANG) Prices Using the Metals-API for Your Application

In the rapidly evolving world of finance, the demand for real-time data has never been greater, especially in the precious metals market. Developers looking to integrate gold pricing into their applications can leverage the Metals-API to fetch accurate and up-to-date information on gold prices, including the specific rates for Bangalore (XAU-BANG). This blog post will explore the intricacies of gold (XAU), its markets, and how the Metals-API operates to provide developers with the tools they need to create innovative applications.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As a precious metal, it is not only a safe haven during economic uncertainty but also a key component in various industries, including jewelry, electronics, and aerospace. The digital transformation in the precious metals market has opened new avenues for data analytics and market insights, allowing investors and developers to make informed decisions based on real-time data.

The integration of technology in trading has revolutionized how gold is bought and sold. With the rise of digital asset solutions, investors can now trade gold as a digital commodity, making it more accessible than ever. The innovation in price discovery mechanisms has also enhanced transparency in the market, providing users with reliable data to guide their investment strategies.

Understanding the Metals-API

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including gold. This API empowers developers to build next-generation applications that require accurate and timely information. With its robust capabilities, the Metals-API can transform how businesses and individuals interact with precious metals.

One of the key features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can return the latest rates updated every 60 minutes, every 10 minutes, or even more frequently. This flexibility allows developers to tailor their applications to meet specific user needs, whether for trading platforms, investment analysis tools, or market research applications.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the most significant features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rates for all available metals, including gold. Developers can access the latest rates for XAU, XAG (Silver), and other metals, enabling them to display current market conditions in their applications.
  • Historical Rates Endpoint: For those interested in analyzing trends, the historical rates endpoint allows access to data dating back to 2019. By appending a specific date to the API request, developers can retrieve historical gold prices, which can be invaluable for market analysis and forecasting.
  • Bid and Ask Endpoint: This feature provides real-time bid and ask prices for metals, allowing developers to implement trading functionalities in their applications. Understanding the spread between bid and ask prices is crucial for traders looking to optimize their transactions.
  • Convert Endpoint: The Metals-API includes a conversion endpoint that enables users to convert amounts between different metals or to/from USD. This feature is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice. This endpoint is essential for applications that need to visualize price trends over time.
  • Fluctuation Endpoint: This endpoint provides information about how metal prices fluctuate on a day-to-day basis. By tracking these fluctuations, developers can offer insights into market volatility and help users make informed decisions.
  • Carat Endpoint: For applications focused on jewelry and precious stones, the carat endpoint allows retrieval of gold rates by carat, providing a more granular view of gold pricing.
  • Lowest/Highest Price Endpoint: This feature allows developers to query the API for the lowest and highest prices of gold over a specified period, which can be useful for identifying market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed price information, including open, high, low, and close prices for a specific time period, essential for traders analyzing market performance.
  • Historical LME Endpoint: For those interested in the London Metal Exchange (LME), this endpoint provides historical rates dating back to 2008, allowing for comprehensive market analysis.
  • API Key: Each user is assigned a unique API key, which is required for authentication when making requests to the Metals-API. This ensures secure access to the API's features.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format, making it easy for developers to parse and utilize the information.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring developers have the latest information at their fingertips.
  • Gold Price India Endpoint: Specifically designed for users in India, this endpoint retrieves the latest gold price in the Indian market, making it invaluable for local traders and investors.
  • News Endpoint: The Metals-API also includes a news endpoint that allows users to retrieve the latest articles related to various metals, keeping developers and users informed about market trends and events.

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": 1746928821,
    "base": "USD",
    "date": "2025-05-11",
    "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 includes a success flag, a timestamp, the base currency (USD), the date of the rates, and a list of rates for various metals. This structured response allows developers to easily extract the information they need for their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1746842421,
    "base": "USD",
    "date": "2025-05-10",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint provides historical rates for a specified date, allowing developers to analyze past market performance and trends.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-04",
    "end_date": "2025-05-11",
    "base": "USD",
    "rates": {
        "2025-05-04": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-06": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-11": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates between two specified dates, allowing developers to visualize trends over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746928821,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint allows users to convert amounts between different metals or to/from USD, providing a straightforward way to handle currency conversions in applications.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-04",
    "end_date": "2025-05-11",
    "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"
}

The fluctuation endpoint provides insights into how prices have changed over a specified period, which is essential for traders looking to understand market dynamics.

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

{
    "success": true,
    "timestamp": 1746928821,
    "base": "USD",
    "date": "2025-05-11",
    "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 endpoint provides detailed price information for a specific time period, which is crucial for traders analyzing market performance.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1746928821,
    "base": "USD",
    "date": "2025-05-11",
    "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"
}

The bid/ask endpoint is essential for trading applications, providing real-time pricing information that traders need to make informed decisions.

Conclusion

The Metals-API is a powerful resource for developers looking to integrate gold pricing into their applications. With its extensive range of features, including real-time rates, historical data, and various endpoints tailored for different needs, the API empowers developers to create innovative solutions in the precious metals market. By leveraging the capabilities of the Metals-API, developers can enhance their applications with accurate and timely data, ultimately providing users with the insights they need to navigate the complexities of the gold market.

For more information on how to get started with the Metals-API, check out the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metal symbols. Whether you are building a trading platform, an investment analysis tool, or a market research application, the Metals-API is your gateway to real-time metals data.

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