Get Mumbai Silver (XAG-MUMB) price data for your application using this API

Get Mumbai Silver (XAG-MUMB) Price Data for Your Application Using This API

In the dynamic world of precious metals, having access to real-time data is crucial for developers and businesses alike. The Metals-API provides an innovative solution for obtaining the latest price data for silver (XAG), including the Mumbai market (XAG-MUMB). This blog post will delve into the significance of silver, its industrial applications, and how the Metals-API can empower developers to create next-generation applications that leverage real-time metals data.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and investment; it plays a vital role in various industrial applications. From electronics to solar panels, silver's unique properties make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced the demand for silver, as industries seek to optimize production processes and reduce costs.

With the rise of digital market analysis, businesses can now track silver prices in real-time, allowing for informed decision-making. The ability to access accurate data on silver prices can significantly impact investment strategies and manufacturing costs. The Metals-API offers a comprehensive solution for developers looking to integrate silver price data into their applications, enabling them to harness the power of real-time information.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including silver. This API is built with innovation and technological advancement in mind, offering a transformative potential for applications that require accurate metals data. By utilizing the Metals-API, developers can create applications that not only track prices but also analyze trends, forecast market movements, and optimize supply chain operations.

For more information, you can visit the Metals-API Website or check the Metals-API Documentation for detailed guidance on how to implement this API in your projects.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, allowing developers to access the data they require efficiently. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, you can receive updates every 60 minutes or even every 10 minutes. This feature is essential for applications that require the most current pricing information.
Historical Rates Endpoint: Access historical rates for silver dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
Bid And Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for silver. Understanding the bid-ask spread is crucial for traders and investors looking to make informed decisions.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling you to convert amounts between different metals or to/from USD. This is particularly useful for applications that deal with multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is perfect for analyzing price movements over specific periods.
Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis. This endpoint provides insights into market volatility, helping developers create applications that can react to price changes in real-time.
Carat Endpoint: Retrieve information about gold rates by carat. While primarily focused on silver, this feature allows for broader applications in precious metals.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for silver over a specified period. This information is crucial for traders looking to identify market trends.
Open/High/Low/Close (OHLC) Price Endpoint: Access open, high, low, and close prices for silver over a specific time period. This data is essential for technical analysis and trading strategies.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for those interested in the London Metal Exchange prices.
API Key: Your unique API key is required to access the Metals-API. It is passed into the API base URL's access_key parameter, ensuring secure access to the data.
API Response: The API delivers exchange rates relative to USD by default, providing a consistent basis for comparison.
Supported Symbols Endpoint: This endpoint returns all available currencies and metals, ensuring you have the most up-to-date information on what you can query.
Gold Price India Endpoint: Retrieve the latest gold prices in India, which can be useful for applications that deal with multiple precious metals.
News Endpoint: Get the latest news articles related to various metals, keeping you informed about market trends and developments.

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.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1748408416,
    "base": "USD",
    "date": "2025-05-28",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1748322016,
    "base": "USD",
    "date": "2025-05-27",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-21",
    "end_date": "2025-05-28",
    "base": "USD",
    "rates": {
        "2025-05-21": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-23": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-28": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

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": 1748408416,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-21",
    "end_date": "2025-05-28",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1748408416,
    "base": "USD",
    "date": "2025-05-28",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1748408416,
    "base": "USD",
    "date": "2025-05-28",
    "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"
}

Conclusion

The Metals-API provides an invaluable resource for developers looking to integrate real-time silver price data into their applications. With features such as the latest rates, historical data, and fluctuation tracking, this API empowers businesses to make informed decisions based on accurate and timely information. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance market analysis, optimize supply chains, and improve investment strategies.

For further exploration of the API's capabilities, refer to the Metals-API Documentation and discover the full range of supported symbols on the Metals-API Supported Symbols page. Embrace the future of metals data integration and unlock the potential of real-time information for your applications.

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Get Mumbai Silver (XAG-MUMB) price data for your application using this API