Home
Blog
Get Kanpur Gold 24k (KANP-24k) Daily Average Prices using this API

Get Kanpur Gold 24k (KANP-24k) Daily Average Prices using this API

Get Kanpur Gold 24k (KANP-24k) Daily Average Prices using this API

Get Kanpur Gold 24k (KANP-24k) Daily Average Prices using this API

In the world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For developers and traders looking to obtain historical prices for gold, the Metals-API offers a powerful solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for gold (XAU) and explore the broader implications of digital transformation in the precious metals market.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and value in human history. As a precious metal, it is not only used in jewelry and electronics but also serves as a hedge against inflation and economic uncertainty. The digital transformation in the precious metals market has revolutionized how traders and investors access and analyze gold prices. With the advent of data analytics and technology integration, market insights have become more accessible, allowing for innovative approaches to price discovery.

In today's fast-paced trading environment, the ability to access real-time data and historical prices is essential. The Metals-API provides developers with the tools needed to build next-generation applications that can leverage this data for various purposes, from investment strategies to market analysis. By utilizing the Metals-API, developers can create applications that not only track gold prices but also analyze trends and fluctuations over time.

API Description

The Metals-API is a comprehensive solution for accessing real-time and historical data on precious metals. It empowers developers to integrate metals pricing into their applications seamlessly. The API's capabilities include retrieving the latest rates, historical prices, and various analytical data points that can enhance trading strategies and decision-making processes.

One of the standout features of the Metals-API is its ability to provide real-time exchange rate data. Depending on your subscription plan, the API can return updated rates every 60 minutes or even every 10 minutes. This level of granularity allows traders to stay informed about market movements and make timely decisions.

For those interested in historical data, the Metals-API allows users to query historical rates dating back to 2019. By appending a specific date to the API request, developers can access past prices and analyze trends over time. This feature is particularly useful for backtesting trading strategies and understanding market behavior.

Furthermore, the API includes a variety of endpoints that cater to different needs. For instance, the Bid and Ask endpoint provides real-time bid and ask prices, while the Convert endpoint allows users to convert amounts between different metals or currencies. The Time-Series endpoint enables users to retrieve daily historical rates between two specified dates, offering a comprehensive view of price movements over time.

To explore the full capabilities of the Metals-API, you can visit the Metals-API Website and access the Metals-API Documentation for detailed information on each endpoint and its functionalities.

Key Features and Endpoints

The Metals-API offers a wide range of features that cater to the needs of developers and traders alike. Here are some of the key endpoints and their potential applications:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. Depending on your subscription plan, you can receive updates every 60 minutes or more frequently. This feature is essential for traders who need to stay updated on market conditions.
  • Historical Rates Endpoint: Access historical exchange rates for any date since 2019. This endpoint allows you to analyze past price movements and understand market trends. By appending a specific date to your request, you can retrieve valuable historical data.
  • Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals. This feature is particularly useful for traders looking to make quick decisions based on current market conditions.
  • Convert Endpoint: This endpoint allows you to convert any amount from one metal to another or to/from USD. This feature is valuable for traders who deal with multiple currencies and need to calculate equivalent values quickly.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is ideal for analyzing trends over specific periods and understanding how prices have fluctuated.
  • Fluctuation Endpoint: Track rate fluctuations between two dates. This feature provides insights into how prices have changed over time, helping traders identify patterns and make informed decisions.
  • Carat Endpoint: Retrieve information about gold rates by carat. This endpoint is useful for jewelers and consumers looking to understand the value of gold based on its purity.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date. This feature helps traders identify price extremes and make strategic decisions.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get the open, high, low, and close prices for a specific time period. This data is crucial for technical analysis and understanding market trends.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This endpoint is beneficial for traders dealing with industrial metals.
  • API Key: Your API Key is the unique key that is passed into the API base URL's access_key parameter. This key is essential for authentication and authorization when making requests to the API.
  • API Response: Exchange rates delivered by the Metals-API are by default relative to USD. All data is returned in a structured JSON format, making it easy to parse and integrate into applications.
  • Available Endpoints: The Metals-API comes with a constantly updated endpoint returning all available currencies. This feature allows developers to stay informed about the latest symbols and their specifications.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated Gold Price India endpoint. This feature is particularly useful for traders operating in the Indian market.
  • News Endpoint: Get the latest news articles related to various metals. Staying informed about market news is essential for making informed trading decisions.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers looking to leverage its capabilities. Below are examples of API responses for various endpoints, along with explanations of each field.

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1748538014,
    "base": "USD",
    "date": "2025-05-29",
    "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"
}

In this response, the success field indicates whether the request was successful. The timestamp provides the time of the request, while base indicates the base currency (USD in this case). The rates object contains the exchange rates for various metals, with XAU representing gold.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1748451614,
    "base": "USD",
    "date": "2025-05-28",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical rates for a specific date. The structure is similar to the latest rates response, with the date field indicating the date for which the rates are provided.

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-22",
    "end_date": "2025-05-29",
    "base": "USD",
    "rates": {
        "2025-05-22": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-24": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-29": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of exchange rates between two specified dates. The start_date and end_date fields indicate the range of dates, while the rates object contains the rates for each date within that range.

Convert Endpoint

Convert any amount from one metal to another or to/from USD.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748538014,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the result of converting an amount from USD to gold (XAU). The query object contains the original amount and the currencies involved, while the result field provides the converted amount in troy ounces.

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-22",
    "end_date": "2025-05-29",
    "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 information about how prices have fluctuated over a specified period. The rates object contains the start and end rates, along with the change and percentage change for each metal.

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

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1748538014,
    "base": "USD",
    "date": "2025-05-29",
    "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 OHLC data for a specific date, which is essential for traders conducting technical analysis. The open, high, low, and close fields provide critical information about price movements throughout the trading day.

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1748538014,
    "base": "USD",
    "date": "2025-05-29",
    "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 various metals. The spread field indicates the difference between the bid and ask prices, which is crucial for traders looking to execute orders efficiently.

Conclusion

The Metals-API is a powerful tool for developers and traders seeking to access real-time and historical data on precious metals, particularly gold (XAU). With its wide range of endpoints and capabilities, the API empowers users to build innovative applications that can analyze market trends, track price fluctuations, and make informed trading decisions.

By leveraging the features of the Metals-API, developers can create solutions that enhance their trading strategies and provide valuable insights into the precious metals market. Whether you are interested in real-time rates, historical data, or analytical tools, the Metals-API offers a comprehensive solution to meet your needs.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. With the right tools and data at your fingertips, you can navigate the complexities of the precious metals market with confidence.

Ready to use Metals-API?

Try it now!

Search

Related Posts

Recent Posts