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Get Kanpur Gold 24k (KANP-24k) Historical Prices with Price Fluctuation Data using this API

Get Kanpur Gold 24k (KANP-24k) Historical Prices with Price Fluctuation Data using this API

Get Kanpur Gold 24k (KANP-24k) Historical Prices with Price Fluctuation Data using this API

Get Kanpur Gold 24k (KANP-24k) Historical Prices with Price Fluctuation Data using this API

In the ever-evolving landscape of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For developers and traders interested in gold, the Metals-API provides a powerful solution to retrieve historical prices and price fluctuation data for Kanpur Gold 24k (KANP-24k). This blog post will delve into the capabilities of the Metals-API, particularly focusing on how to obtain historical prices for gold (symbol: XAU) and the innovative features that make this API a game-changer in the realm of digital asset solutions.

About Gold (XAU)

Gold has long been regarded as a safe haven asset, particularly during times of economic uncertainty. Its intrinsic value and historical significance make it a popular choice for investors and traders alike. With the digital transformation in precious metals trading, the integration of data analytics and technology has revolutionized how market insights are derived. The Metals-API stands at the forefront of this transformation, offering developers the tools needed to build next-generation applications that leverage real-time metals data.

One of the most significant advancements in the trading of precious metals is the innovation in price discovery. The Metals-API allows users to access real-time and historical data, enabling traders to make informed decisions based on comprehensive market analysis. By utilizing this API, developers can create applications that provide users with insights into price trends, fluctuations, and historical performance, thereby enhancing their trading strategies.

API Description

The Metals-API is a robust JSON API that provides real-time and historical data for various metals, including gold, silver, platinum, and palladium. It empowers developers to integrate metals pricing data into their applications seamlessly. The API is designed with innovation and technological advancement in mind, making it an essential tool for anyone looking to stay ahead in the metals market.

With the Metals-API, developers can access a wide range of features, including:

  • Latest Rates Endpoint: Retrieve real-time exchange rate data for metals, updated based on your subscription plan.
  • Historical Rates Endpoint: Access historical rates dating back to 2019, allowing for in-depth analysis of price trends.
  • Bid and Ask Endpoint: Get real-time bid and ask prices, providing insights into market liquidity.
  • Convert Endpoint: Easily convert amounts between different metals or to/from USD.
  • Time-Series Endpoint: Query daily historical rates between two dates of your choice.
  • Fluctuation Endpoint: Track day-to-day fluctuations in metal prices, essential for understanding market volatility.
  • Carat Endpoint: Retrieve gold rates based on carat specifications.
  • Lowest/Highest Price Endpoint: Get the lowest and highest prices for a specified date.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for specific time periods.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008.
  • API Key: A unique key required for authentication when accessing the API.
  • API Response: Exchange rates are delivered relative to USD, ensuring consistency across data retrieval.
  • Supported Symbols Endpoint: Access a constantly updated list of all available metal symbols.
  • Gold Price India Endpoint: Retrieve the latest gold price specifically for India.
  • News Endpoint: Stay updated with the latest news articles related to various metals.

Key Features and Endpoints

The Metals-API offers a plethora of endpoints that cater to various needs in the metals trading space. Each endpoint is designed to provide specific functionalities that can be leveraged for different applications. Below, we will explore some of the key features and their potential applications.

Latest Rates Endpoint

The Latest Rates Endpoint allows users to obtain real-time exchange rates for all available metals. Depending on your subscription plan, the API updates this data every 60 minutes or more frequently. This feature is particularly useful for traders who need to make quick decisions based on the latest market conditions.

{
    "success": true,
    "timestamp": 1745719340,
    "base": "USD",
    "date": "2025-04-27",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

The response includes a timestamp, base currency, date, and a list of rates for various metals, making it easy to integrate this data into trading applications.

Historical Rates Endpoint

The Historical Rates Endpoint provides access to historical exchange rates for any date since 1999. This feature is invaluable for traders looking to analyze past performance and identify trends over time.

{
    "success": true,
    "timestamp": 1745632940,
    "base": "USD",
    "date": "2025-04-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

By appending a specific date to the API request, developers can retrieve historical rates, which can be used for backtesting trading strategies or conducting market research.

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 particularly useful for analyzing trends over a specified period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "base": "USD",
    "rates": {
        "2025-04-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides a structured response that includes rates for each day within the specified range, enabling detailed analysis of price movements.

Fluctuation Endpoint

The Fluctuation Endpoint allows users to track rate fluctuations between two dates. This feature is essential for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "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 response includes the starting and ending rates, as well as the change in value and percentage change, providing a clear picture of how prices have fluctuated over the specified period.

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

The Open/High/Low/Close (OHLC) Price Endpoint provides detailed price information for a specific time period. This data is crucial for traders who rely on technical analysis to inform their trading strategies.

{
    "success": true,
    "timestamp": 1745719340,
    "base": "USD",
    "date": "2025-04-27",
    "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 a comprehensive view of price movements, allowing traders to analyze market behavior and make data-driven decisions.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals, which is essential for understanding market liquidity and making informed trading decisions.

{
    "success": true,
    "timestamp": 1745719340,
    "base": "USD",
    "date": "2025-04-27",
    "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 includes the bid and ask prices, along with the spread, providing traders with critical information for executing trades effectively.

Authentication and API Key

To access the Metals-API, developers must obtain an API key, which is a unique identifier required for authentication. This key must be included in the API request as a parameter. Proper management of the API key is essential for maintaining security and ensuring that only authorized users can access the data.

Common Pitfalls and Troubleshooting

While working with the Metals-API, developers may encounter common issues such as rate limiting, incorrect API key usage, or unexpected response formats. It is crucial to handle errors gracefully and implement robust error handling strategies to recover from failures. Additionally, understanding the rate limits imposed by the API can help developers optimize their requests and avoid unnecessary disruptions in service.

Performance Optimization and Scaling

As applications scale, performance optimization becomes increasingly important. Developers should consider caching frequently requested data to reduce the number of API calls and improve response times. Additionally, implementing efficient data validation and sanitization techniques can help ensure that the application remains responsive and secure.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data for precious metals, particularly gold. By leveraging its extensive features, including the latest rates, historical rates, and fluctuation data, traders can gain valuable insights into market trends and make informed decisions. The API's innovative capabilities, combined with its ease of integration, make it an essential resource for anyone involved in metals trading.

For more information on how to get started with the Metals-API, refer to the Metals-API Documentation and explore the comprehensive Metals-API Supported Symbols page to find the metal symbols you need. To access the API and begin your journey into the world of precious metals trading, visit the Metals-API Website.

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