Get abrdn Physical Gold Shares ETF (SGOL) prices using this API

Get abrdn Physical Gold Shares ETF (SGOL) Prices Using This API

In the ever-evolving landscape of precious metals trading, the abrdn Physical Gold Shares ETF (SGOL) stands out as a significant player. This exchange-traded fund offers investors a unique opportunity to gain exposure to gold without the complexities of physical ownership. To effectively track the prices of SGOL and other precious metals, developers can leverage the Metals-API, a powerful tool designed to provide real-time and historical data on various metals, including gold (XAU). In this blog post, we will delve into the capabilities of the Metals-API, explore the intricacies of gold trading, and discuss how developers can utilize this API to create innovative applications.

Metals-API Information

About Gold (XAU)

Gold has long been regarded as a safe haven asset, especially during times of economic uncertainty. Its value is influenced by various factors, including market demand, geopolitical tensions, and currency fluctuations. As the world embraces digital transformation, the trading of precious metals is also evolving. The integration of data analytics and advanced technology is reshaping how traders and investors approach the gold market.

With the rise of digital asset solutions, the need for accurate and timely data has never been more critical. The Metals-API addresses this need by providing developers with access to real-time exchange rates, historical data, and various endpoints that facilitate seamless integration into applications. This API empowers developers to build next-generation applications that can analyze market trends, optimize trading strategies, and enhance decision-making processes.

API Description

The Metals-API is a comprehensive JSON API that provides access to real-time and historical prices for various metals, including gold, silver, platinum, and palladium. It is designed to cater to the needs of developers looking to integrate metals data into their applications. The API's capabilities include:

Real-time exchange rates updated frequently based on subscription plans.
Historical rates dating back to 2019, allowing for in-depth market analysis.
Bid and ask prices for precise trading strategies.
Currency conversion capabilities for seamless transactions.
Time-series data for analyzing trends over specific periods.
Fluctuation tracking to monitor market volatility.
Carat-specific gold rates for jewelry and investment purposes.
Open, high, low, and close (OHLC) price data for comprehensive market insights.
Access to the latest news articles related to metals.

By utilizing the Metals-API, developers can create applications that not only track prices but also provide valuable insights into market trends, helping users make informed decisions.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Here’s a closer look at some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for metals. Depending on the subscription plan, this endpoint can return updates every 60 minutes or even every 10 minutes. This feature is crucial for traders who need to make quick decisions based on the latest market conditions.

{
    "success": true,
    "timestamp": 1746231152,
    "base": "USD",
    "date": "2025-05-03",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For developers looking to analyze trends over time, the Historical Rates Endpoint allows access to historical rates dating back to 2019. By appending a specific date to the API request, users can retrieve past rates, enabling them to conduct thorough market analyses.

{
    "success": true,
    "timestamp": 1746144752,
    "base": "USD",
    "date": "2025-05-02",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for metals. This information is essential for traders who need to understand the market's current buying and selling prices.

{
    "success": true,
    "timestamp": 1746231152,
    "base": "USD",
    "date": "2025-05-03",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "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 particularly useful for traders who operate in multiple currencies and need to quickly assess their positions.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746231152,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for analyzing trends and making predictions based on historical data.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-26",
    "end_date": "2025-05-03",
    "base": "USD",
    "rates": {
        "2025-04-26": {
            "XAU": 0.000485
        },
        "2025-05-03": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This data is crucial for traders looking to understand market volatility and make informed decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-26",
    "end_date": "2025-05-03",
    "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 open, high, low, and close prices for a specific time period. This data is essential for traders who analyze price movements and trends.

{
    "success": true,
    "timestamp": 1746231152,
    "base": "USD",
    "date": "2025-05-03",
    "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 endpoint is particularly useful for developers working with industrial metals.

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. This resource is invaluable for developers looking to integrate specific metal data into their applications.

API Response Examples and Explanations

Understanding the API responses is crucial for effective integration. Each response contains fields that provide valuable information:

Success Field

The success field indicates whether the API request was successful. A value of true means the request was processed correctly, while false indicates an error occurred.

Timestamp Field

The timestamp field provides the time at which the data was retrieved. This is particularly useful for understanding the relevance of the data in real-time trading scenarios.

Base Field

The base field indicates the currency or metal against which the rates are quoted. For example, if the base is USD, all rates will be relative to the US dollar.

Date Field

The date field specifies the date for which the rates are applicable. This is crucial for historical data analysis.

Rates Field

The rates field contains the actual exchange rates for the specified metals. Each metal is represented by its symbol (e.g., XAU for gold) along with its corresponding rate.

Conclusion

The Metals-API is a powerful tool for developers looking to integrate real-time and historical data on precious metals into their applications. By leveraging its various endpoints, developers can create innovative solutions that enhance trading strategies and provide valuable market insights. As the digital transformation of precious metals continues, the importance of accurate and timely data cannot be overstated. With the Metals-API, developers have the opportunity to build applications that not only track prices but also analyze trends, optimize trading strategies, and empower users to make informed decisions.

For more information on how to get started with the Metals-API, refer to the Metals-API Documentation. This resource provides comprehensive guidance on using the API effectively, including detailed descriptions of each endpoint and its capabilities. As you embark on your journey to integrate metals data into your applications, remember that the right tools and resources can make all the difference in achieving success in the dynamic world of precious metals trading.

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Documentation

API Endpoints

Knowledge Base

Get abrdn Physical Gold Shares ETF (SGOL) prices using this API