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Get Bangalore Gold (XAU-BANG) - Per Ounce price fluctuations using this API

Get Bangalore Gold (XAU-BANG) - Per Ounce price fluctuations using this API

Get Bangalore Gold (XAU-BANG) - Per Ounce price fluctuations using this API

Get Bangalore Gold (XAU-BANG) - Per Ounce Price Fluctuations Using This API

In the ever-evolving landscape of precious metals trading, understanding the price fluctuations of gold, particularly in the Bangalore market, is crucial for investors and traders alike. The Metals-API provides a powerful solution for accessing real-time data on gold prices, allowing developers to build applications that can track and analyze these fluctuations effectively. This blog post delves into the intricacies of gold (XAU), the markets it operates in, and how the Metals-API can be leveraged to gain insights into price movements.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, serving as a hedge against inflation and economic uncertainty. In recent years, the digital transformation of precious metals trading has opened new avenues for investors. With the integration of data analytics and technology, traders can now access real-time insights into market trends, enabling them to make informed decisions.

The rise of digital asset solutions has also transformed how gold is traded. Investors can now buy and sell gold through various platforms, utilizing advanced algorithms and analytics to optimize their trading strategies. The innovation in price discovery mechanisms has made it easier for traders to understand market dynamics and respond to price changes swiftly.

As a developer, understanding how to harness the capabilities of the Metals-API can empower you to create applications that provide valuable insights into gold price fluctuations. This API offers a comprehensive suite of features designed to facilitate real-time data access and analysis.

API Description

The Metals-API is a robust API that provides real-time and historical data for various metals, including gold (XAU). It allows developers to integrate metals pricing data into their applications seamlessly. The API's capabilities include retrieving the latest rates, historical data, and various other metrics that are essential for traders and investors.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can update this data every 60 minutes or even every 10 minutes, ensuring that you have the most current information at your fingertips. This is particularly beneficial for traders who need to react quickly to market changes.

Moreover, the API provides access to historical rates dating back to 2019, allowing users to analyze trends over time. This historical data can be invaluable for identifying patterns and making predictions about future price movements.

Another innovative feature is the Bid and Ask endpoint, which enables users to retrieve real-time bid and ask prices for gold and other metals. This information is crucial for traders looking to execute orders at the best possible prices.

For those interested in currency conversion, the Metals-API offers a dedicated endpoint that allows users to convert amounts from one currency to another, facilitating transactions across different markets.

Key Features and Endpoints

The Metals-API is equipped with a variety of endpoints that cater to different needs. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for gold and other metals. The response includes the current rate per troy ounce, allowing traders to make quick decisions based on the latest market information.
  • Historical Rates Endpoint: Users can access historical rates for gold dating back to 2019. This feature is essential for conducting in-depth market analysis and understanding long-term trends.
  • Bid and Ask Endpoint: Retrieve real-time bid and ask prices for gold, enabling traders to gauge market sentiment and execute trades effectively.
  • Convert Endpoint: This endpoint allows users to convert any amount from one metal to another or to/from USD, making it easier to manage transactions across different currencies.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice, facilitating detailed analysis of price movements over time.
  • Fluctuation Endpoint: This feature provides information about how gold prices fluctuate on a day-to-day basis, helping traders understand volatility and market dynamics.
  • Carat Endpoint: Users can retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers looking to buy gold jewelry.
  • Lowest/Highest Price Endpoint: This endpoint allows users to query the API to get the lowest and highest price of gold over a specified period, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can obtain open, high, low, and close prices for gold, which are critical for technical analysis and trading strategies.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those interested in broader market trends.
  • API Key: Your unique API key is required to access the Metals-API, ensuring secure and authorized usage.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price specifically for the Indian market, which is crucial for local traders and investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping users stay informed about market developments.

API Endpoint Examples and Responses

Understanding the structure of API responses is essential for effective integration. Below are examples of responses from various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1747893616,
    "base": "USD",
    "date": "2025-05-22",
    "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 that the current price of gold (XAU) is 0.000482 per troy ounce, providing a snapshot of the market at that moment.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747807216,
    "base": "USD",
    "date": "2025-05-21",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical rate for gold on a specific date, allowing users to analyze past trends and make informed predictions.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-15",
    "end_date": "2025-05-22",
    "base": "USD",
    "rates": {
        "2025-05-15": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-17": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-22": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time-series view of gold prices over a specified period, enabling users to visualize trends and fluctuations.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747893616,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates the conversion of an amount from USD to gold (XAU), showing that $1000 is equivalent to 0.482 troy ounces of gold.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-15",
    "end_date": "2025-05-22",
    "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 provides insights into how gold prices have fluctuated over a specific period, detailing the percentage change and absolute change in rates.

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

{
    "success": true,
    "timestamp": 1747893616,
    "base": "USD",
    "date": "2025-05-22",
    "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 the open, high, low, and close prices for gold, which are essential for traders conducting technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747893616,
    "base": "USD",
    "date": "2025-05-22",
    "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 gold, allowing traders to assess market conditions and make informed trading decisions.

Conclusion

The Metals-API is an invaluable tool for developers looking to integrate real-time gold price data into their applications. With features such as the latest rates, historical data, and various endpoints for conversion and fluctuation tracking, the API empowers users to make data-driven decisions in the precious metals market.

By leveraging the capabilities of the Metals-API, developers can create innovative applications that provide insights into market trends, helping traders navigate the complexities of gold trading. Whether you are interested in real-time data, historical analysis, or price conversion, the Metals-API offers a comprehensive solution to meet your needs.

For more information, explore the Metals-API Documentation, check out the Metals-API Supported Symbols, or visit the Metals-API Website to get started with integrating gold price data into your applications.

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