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Get Hyderabad Gold 24k (HYDE-24k) pricing information through this API

Get Hyderabad Gold 24k (HYDE-24k) pricing information through this API

Get Hyderabad Gold 24k (HYDE-24k) pricing information through this API

Introduction

In the ever-evolving landscape of financial technology, the demand for real-time data on precious metals has surged, particularly for investors and developers interested in gold pricing. The Get Hyderabad Gold 24k (HYDE-24k) pricing information can be seamlessly accessed through the Metals-API, a powerful tool that provides comprehensive data on various metals, including gold (XAU). This blog post delves into the capabilities of the Metals-API, its innovative features, and how developers can leverage this API to create next-generation applications that integrate real-time metals data.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a symbol of wealth and stability. In recent years, the digital transformation in precious metals trading has opened new avenues for investors and developers alike. The integration of data analytics and market insights has revolutionized how traders approach the gold market. With the rise of technology in trading, the process of price discovery has become more efficient, allowing for quicker and more informed decisions.

The Metals-API plays a crucial role in this transformation by providing real-time data that empowers developers to build applications capable of tracking gold prices, analyzing trends, and making predictions based on historical data. By utilizing advanced technology, the API offers innovative digital asset solutions that cater to the needs of modern investors.

API Description

The Metals-API is designed to provide developers with a robust set of tools for accessing real-time and historical data on precious metals. This API is not just about retrieving prices; it’s about enabling developers to create applications that can analyze, visualize, and act on metals data in innovative ways. The API's capabilities include:

  • 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.
  • Historical Rates Endpoint: Access historical rates dating back to 2019, allowing for in-depth analysis of price trends over time.
  • Bid And Ask Endpoint: Retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: Easily convert any amount from one currency to another, facilitating seamless transactions.
  • Time-Series Endpoint: Query daily historical rates between two dates, enabling trend analysis and forecasting.
  • Fluctuation Endpoint: Track how currencies fluctuate on a day-to-day basis, offering insights into market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, catering to jewelers and consumers alike.
  • Lowest/Highest Price Endpoint: Get the lowest and highest prices for a specified date range, useful for identifying market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for a specific time period, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
  • API Key: Your unique key for accessing the API, ensuring secure and authorized usage.
  • API Response: Exchange rates are delivered relative to USD, with all data returned in a structured format.
  • Available Endpoints: A constantly updated endpoint returning all available currencies and their specifications.
  • Gold Price India Endpoint: Retrieve the latest gold price in India, catering to a significant market.
  • News Endpoint: Get the latest news articles related to various metals, keeping users informed about market developments.

Key Features and Endpoints

The Metals-API is equipped with several key features that enhance its functionality and usability:

Latest Rates Endpoint

This endpoint provides real-time exchange rates for all available metals. For instance, a typical response might look like this:

{
    "success": true,
    "timestamp": 1747872668,
    "base": "USD",
    "date": "2025-05-22",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

In this response, the rates object contains the current prices of various metals, allowing developers to display up-to-date information in their applications.

Historical Rates Endpoint

Accessing historical exchange rates is crucial for trend analysis. The response for a historical rates query might look like this:

{
    "success": true,
    "timestamp": 1747786268,
    "base": "USD",
    "date": "2025-05-21",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825
    },
    "unit": "per troy ounce"
}

This endpoint allows developers to analyze past performance and make informed predictions about future price movements.

Bid/Ask Endpoint

The Bid and Ask endpoint is essential for understanding market dynamics. A typical response might include:

{
    "success": true,
    "timestamp": 1747872668,
    "base": "USD",
    "date": "2025-05-22",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This data is invaluable for traders looking to optimize their buying and selling strategies.

Convert Endpoint

The Convert endpoint allows users to convert amounts between different metals or to/from USD. A sample response could be:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747872668,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This feature simplifies transactions and enhances user experience by providing instant conversion capabilities.

Time-Series Endpoint

For developers interested in analyzing trends over time, the Time-Series endpoint is invaluable. A typical response might look like this:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-15",
    "end_date": "2025-05-22",
    "base": "USD",
    "rates": {
        "2025-05-15": {
            "XAU": 0.000485
        },
        "2025-05-22": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint allows for detailed analysis of price movements over specified periods, aiding in forecasting and strategic planning.

Fluctuation Endpoint

The Fluctuation endpoint provides insights into how prices change over time. A response may look like this:

{
    "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
        }
    },
    "unit": "per troy ounce"
}

This data is crucial for traders looking to understand market volatility and make informed decisions.

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

The OHLC endpoint provides detailed price data for specific time periods. A typical response might include:

{
    "success": true,
    "timestamp": 1747872668,
    "base": "USD",
    "date": "2025-05-22",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint is essential for technical analysis, allowing traders to assess market trends and make predictions based on historical performance.

Security and Best Practices

When integrating the Metals-API into applications, developers should adhere to best practices for security and performance. This includes:

  • Authentication: Always use your API key securely to authenticate requests.
  • Rate Limiting: Be aware of your subscription plan’s rate limits to avoid service interruptions.
  • Error Handling: Implement robust error handling to manage API response errors gracefully.
  • Data Validation: Ensure that all data received from the API is validated before use to prevent issues.

Conclusion

The Metals-API is a powerful tool for developers looking to integrate real-time and historical data on precious metals, particularly gold (XAU). With its comprehensive set of features, including the Latest Rates, Historical Rates, and various conversion endpoints, the API empowers developers to create innovative applications that meet the needs of modern investors. By leveraging the capabilities of the Metals-API, developers can enhance their applications with real-time data, market insights, and advanced analytics, ultimately driving better decision-making in the precious metals market.

For more information on how to get started with the Metals-API, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. The future of precious metals trading is here, and with the right tools, developers can harness its potential to create impactful solutions.

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