Get Hyderabad Gold (XAU-HYDE) - Per Ounce prices using this API
Get Hyderabad Gold (XAU-HYDE) - Per Ounce Prices Using This API
In today's digital age, the trading of precious metals like gold has undergone a significant transformation. The Metals-API provides developers with the tools necessary to access real-time data on gold prices, including the specific rates for Hyderabad (XAU-HYDE). This blog post delves into the intricacies of the Metals-API, exploring its capabilities, endpoints, and how it empowers developers to create innovative applications in the precious metals market.
About Gold (XAU)
Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As a precious metal, it serves not only as a hedge against inflation but also as a safe haven during economic uncertainty. The digital transformation in precious metals trading has paved the way for enhanced data analytics and market insights, allowing traders to make informed decisions based on real-time data.
With the integration of technology in trading, the innovation in price discovery has reached new heights. The Metals-API stands at the forefront of this evolution, providing developers with access to comprehensive data that can be leveraged to create digital asset solutions. By utilizing the API, developers can build applications that offer users up-to-date information on gold prices, historical trends, and market fluctuations.
API Description
The Metals-API is a powerful tool designed for developers looking to access real-time and historical data on various metals, including gold, silver, platinum, and palladium. The API's capabilities extend beyond simple price retrieval; it empowers developers to create applications that can analyze trends, perform conversions, and track fluctuations in metal prices.
One of the standout features of the Metals-API is its ability to provide real-time exchange rate data. Depending on the subscription plan, the API can return the latest rates updated every 60 minutes or even every 10 minutes. This level of detail is crucial for traders who need to make quick decisions based on the most current information available.
Key Features and Endpoints
The Metals-API offers a variety of endpoints, each designed to serve specific needs within the precious metals market. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint allows users to retrieve real-time exchange rates for all available metals. This endpoint is essential for traders who need immediate access to the latest market prices.
{
"success": true,
"timestamp": 1745204472,
"base": "USD",
"date": "2025-04-21",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
Accessing historical rates is crucial for understanding market trends. The Historical Rates Endpoint allows users to query rates dating back to 2019, providing valuable insights into price movements over time.
{
"success": true,
"timestamp": 1745118072,
"base": "USD",
"date": "2025-04-20",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}Bid And Ask Endpoint
The Bid and Ask Endpoint provides real-time bid and ask prices for metals, allowing traders to gauge market sentiment and make informed decisions based on current supply and demand.
{
"success": true,
"timestamp": 1745204472,
"base": "USD",
"date": "2025-04-21",
"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 looking to assess the value of their holdings in different currencies.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1745204472,
"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 traders looking to analyze trends over specific periods.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-14",
"end_date": "2025-04-21",
"base": "USD",
"rates": {
"2025-04-14": {
"XAU": 0.000485
},
"2025-04-21": {
"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 feature helps traders understand market volatility and make strategic decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-14",
"end_date": "2025-04-21",
"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 allows users to retrieve the open, high, low, and close prices for a specific time period. This data is essential for technical analysis and understanding market trends.
{
"success": true,
"timestamp": 1745204472,
"base": "USD",
"date": "2025-04-21",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specified date. This feature is useful for traders looking to identify price extremes.
{
"success": true,
"timestamp": 1745204472,
"base": "USD",
"date": "2025-04-21",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"unit": "per troy ounce"
}API Key and Response
Your API Key is essential for accessing the Metals-API. It must be included in the API base URL's access_key parameter. The API responds with exchange rates relative to USD by default, ensuring that developers receive consistent and reliable data.
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 various metals into their applications.
Conclusion
The Metals-API is a transformative tool for developers in the precious metals market. By providing real-time and historical data, it empowers users to make informed decisions based on accurate market insights. With endpoints designed for various functionalities, from retrieving the latest rates to analyzing historical trends, the API is an essential resource for anyone involved in trading metals.
As the digital landscape continues to evolve, the integration of advanced technologies in trading will only become more pronounced. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance the trading experience and provide users with the tools they need to succeed in the precious metals market.
For more information on how to get started with the Metals-API, visit the Metals-API Documentation for detailed guidance on implementation and usage.