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Get historical Kanpur Gold 24k (KANP-24k) prices using this API

Get historical Kanpur Gold 24k (KANP-24k) prices using this API

Get historical Kanpur Gold 24k (KANP-24k) prices using this API

Get Historical Kanpur Gold 24k (KANP-24k) Prices Using This API

In the ever-evolving landscape of precious metals trading, the ability to access real-time and historical data is paramount for developers and traders alike. The Metals-API offers a robust solution for retrieving historical Kanpur Gold 24k (KANP-24k) prices, along with a plethora of other features that enhance trading strategies and market analysis. This blog post delves into the intricacies of the Metals-API, focusing on its capabilities, innovative endpoints, and how it can empower developers to create next-generation applications in the precious metals market.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. As digital transformation sweeps across various sectors, the precious metals market is no exception. The integration of technology in trading has revolutionized how investors access and analyze gold prices. With the advent of data analytics, traders can now gain deeper insights into market trends, enabling them to make informed decisions.

Moreover, the innovation in price discovery mechanisms has led to more transparent and efficient trading environments. Digital asset solutions are emerging, allowing for seamless transactions and enhanced liquidity in the gold market. The Metals-API plays a crucial role in this transformation, providing real-time data that is essential for effective trading strategies.

API Description

The Metals-API is a powerful tool designed to deliver real-time and historical data on various metals, including gold, silver, platinum, and palladium. It empowers developers to build applications that require accurate and timely information on metal prices. The API's capabilities extend beyond mere price retrieval; it offers a suite of features that facilitate comprehensive market analysis and trading strategies.

For more detailed information, you can visit the Metals-API Documentation, which provides extensive guidance on how to implement and utilize the API effectively. Additionally, the Metals-API Supported Symbols page lists all available metal symbols, including their specifications.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each designed to cater to specific needs within the precious metals market. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need the latest market information to make timely decisions.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past gold prices, which is invaluable for trend analysis and forecasting.
  • Bid And Ask Endpoint: This feature allows you to retrieve real-time Bid and Ask prices, providing insight into the current market sentiment and liquidity.
  • Convert Endpoint: The API includes a currency conversion feature, enabling users to convert any amount from one metal to another or to/from USD. This is particularly useful for traders operating in different currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is ideal for analyzing price movements over specific periods.
  • Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis. This feature helps traders understand market volatility and make informed decisions.
  • Carat Endpoint: Access gold rates by carat, allowing for precise calculations based on the purity of gold being traded.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a given date, which is crucial for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides the open, high, low, and close prices for a specific time period, offering a comprehensive view of market performance.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for traders interested in long-term trends.
  • API Key: Your unique API key is essential for accessing the API and should be included in the base URL's access_key parameter.
  • API Response: The exchange rates delivered by the Metals-API are by default relative to USD, ensuring consistency across data retrieval.
  • Available Endpoints: The API comes with multiple endpoints, each providing different functionalities tailored to various trading needs.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping traders stay informed about market influences.

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

{
    "success": true,
    "timestamp": 1744520412,
    "base": "USD",
    "date": "2025-04-13",
    "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 above response indicates a successful retrieval of the latest rates, with the base currency as USD and the rates for various metals listed.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744434012,
    "base": "USD",
    "date": "2025-04-12",
    "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 traders to analyze past performance.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "base": "USD",
    "rates": {
        "2025-04-06": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-08": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-13": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates over a specified period, which is essential for trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744520412,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates how to convert an amount from one currency to another, providing the conversion rate and the result in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "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 crucial for understanding market dynamics.

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

{
    "success": true,
    "timestamp": 1744520412,
    "base": "USD",
    "date": "2025-04-13",
    "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 comprehensive data on the open, high, low, and close prices, which is essential for traders looking to analyze market performance.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744520412,
    "base": "USD",
    "date": "2025-04-13",
    "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 provides critical information about the current market conditions, allowing traders to gauge liquidity and make informed decisions.

Conclusion

The Metals-API is an invaluable resource for developers and traders in the precious metals market. With its extensive range of endpoints and capabilities, it empowers users to access real-time and historical data, analyze market trends, and make informed trading decisions. By leveraging the API's features, developers can create innovative applications that enhance trading strategies and improve market insights.

For those looking to dive deeper into the world of precious metals trading, the Metals-API Website offers a wealth of resources and documentation to get started. Whether you are interested in the latest rates, historical data, or market fluctuations, the Metals-API provides the tools necessary to succeed in this dynamic market.

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