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Get Gold UAE 22 k (XAUUAE22) - Per Gram prices using this API

Get Gold UAE 22 k (XAUUAE22) - Per Gram prices using this API

Get Gold UAE 22 k (XAUUAE22) - Per Gram prices using this API

Get Gold UAE 22 k (XAUUAE22) - Per Gram Prices Using This API

The world of precious metals trading has undergone a significant transformation with the advent of technology. Among these advancements, the Metals-API stands out as a powerful tool for developers and traders alike, providing real-time data on precious metals, including gold (XAU). In this blog post, we will delve into the intricacies of the XAU symbol, its market dynamics, and how the Metals-API can be leveraged to access up-to-date gold prices, particularly in the UAE market.

Metals-API Information

About Gold (XAU)

Gold has always been a symbol of wealth and stability. In recent years, it has also become a focal point for digital transformation in the precious metals market. The integration of data analytics and technology has revolutionized how traders and investors approach gold trading. With the rise of digital asset solutions, the demand for accurate and timely market insights has never been higher.

The Metals-API provides developers with the tools necessary to tap into this demand. By offering real-time exchange rates and historical data, the API empowers users to make informed decisions based on the latest market trends. This is particularly important in regions like the UAE, where gold trading is a significant part of the economy.

API Description

The Metals-API is designed to facilitate seamless access to precious metals data. It allows developers to build next-generation applications that can provide users with real-time pricing, historical trends, and analytical insights. The API's capabilities include:

  • Real-time Exchange Rates: Access the latest rates for gold and other metals, updated frequently based on your subscription plan.
  • Historical Data: Retrieve historical rates dating back to 2019, enabling comprehensive market analysis.
  • Bid and Ask Prices: Get real-time bid and ask prices, essential for traders looking to make quick decisions.
  • Conversion Capabilities: Convert amounts between different metals and currencies, enhancing flexibility in trading.
  • Time-Series Data: Analyze trends over specific periods, allowing for better forecasting and strategy development.
  • Fluctuation Tracking: Monitor how prices change over time, providing insights into market volatility.

For more detailed information, you can visit the Metals-API Documentation or explore the Metals-API Supported Symbols.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs in the precious metals market. 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 gold and other metals. Depending on your subscription plan, this data can be updated every 60 minutes or even more frequently. For instance, a typical response might look like this:

{
    "success": true,
    "timestamp": 1744596102,
    "base": "USD",
    "date": "2025-04-14",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates the current price of gold (XAU) in relation to USD, allowing traders to make informed decisions based on the latest market conditions.

Historical Rates Endpoint

Accessing historical rates is crucial for understanding market trends. The Historical Rates Endpoint allows users to query rates for any date since 2019. An example response might look like this:

{
    "success": true,
    "timestamp": 1744509702,
    "base": "USD",
    "date": "2025-04-13",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

This feature is particularly useful for traders looking to analyze past performance and make predictions about future movements.

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for metals. This is essential for traders who need to know the best prices at which they can buy or sell. A typical response might look like this:

{
    "success": true,
    "timestamp": 1744596102,
    "base": "USD",
    "date": "2025-04-14",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Understanding the bid-ask spread is crucial for traders as it impacts profitability.

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This flexibility is vital for traders operating in multiple markets. An example response might look like this:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744596102,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint simplifies transactions across different currencies and metals, enhancing user experience.

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This is particularly useful for analyzing trends over time. A sample response might look like this:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-07",
    "end_date": "2025-04-14",
    "base": "USD",
    "rates": {
        "2025-04-07": {
            "XAU": 0.000485
        },
        "2025-04-14": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint is invaluable for traders looking to identify patterns and make data-driven decisions.

Fluctuation Endpoint

Using the Fluctuation Endpoint, users can retrieve information about how currencies fluctuate on a day-to-day basis. This is essential for understanding market volatility. An example response might look like this:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-07",
    "end_date": "2025-04-14",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

This feature allows traders to gauge the stability of gold prices over time.

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

The OHLC Price Endpoint provides crucial data for traders looking to analyze price movements within a specific time frame. A typical response might look like this:

{
    "success": true,
    "timestamp": 1744596102,
    "base": "USD",
    "date": "2025-04-14",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This data is essential for traders who use technical analysis to inform their strategies.

Historical LME Endpoint

The Historical LME Endpoint allows users to access historical rates for LME symbols dating back to 2008. This is particularly useful for traders interested in long-term trends. The response format is similar to other historical endpoints, providing a comprehensive view of past market behavior.

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 Symbols page. This resource is invaluable for developers looking to integrate specific metals into their applications.

Conclusion

The Metals-API is a transformative tool for anyone involved in the precious metals market, particularly gold trading. By providing real-time data, historical insights, and a variety of endpoints, it empowers developers to create innovative applications that can respond to market changes swiftly. Whether you are a trader looking to optimize your strategies or a developer seeking to build advanced trading solutions, the Metals-API offers the capabilities you need.

For further exploration of the API's features, visit the Metals-API Website and dive into the extensive Metals-API Documentation for detailed guidance on implementation and usage.

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