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Get real-time Madurai Gold 24k (MADU-24k) prices using this API

Get real-time Madurai Gold 24k (MADU-24k) prices using this API

Get real-time Madurai Gold 24k (MADU-24k) prices using this API

Get Real-Time Madurai Gold 24k (MADU-24k) Prices Using This API

In today's fast-paced financial landscape, having access to real-time data is crucial for making informed decisions, especially in the precious metals market. The Metals-API provides developers with the tools necessary to access live pricing for various metals, including the coveted Madurai Gold 24k (MADU-24k). This blog post will delve into the intricacies of the Metals-API, exploring its capabilities, features, and how it can be leveraged to obtain real-time gold prices and other valuable insights.

Metals-API Information

The Metals-API is a powerful tool that allows developers to integrate real-time and historical data for precious metals into their applications. By utilizing this API, developers can create innovative solutions that enhance trading strategies, provide market insights, and facilitate digital transformations in the precious metals sector. The API supports various functionalities, including retrieving the latest rates, historical data, and even conversion between different metal values.

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 the precious metals market has been profound. With advancements in data analytics and technology integration, traders and investors can now access real-time market insights that were once difficult to obtain. The Metals-API plays a pivotal role in this transformation, offering developers the ability to build applications that provide accurate and timely gold pricing information.

One of the most significant innovations in price discovery is the integration of technology in trading platforms. By utilizing the Metals-API, developers can create applications that not only display current gold prices but also analyze trends, fluctuations, and historical data. This capability allows users to make informed decisions based on comprehensive market insights.

Furthermore, the API supports digital asset solutions, enabling users to convert gold prices into various currencies and track their value over time. This feature is particularly beneficial for investors looking to diversify their portfolios and hedge against market volatility.

API Description

The Metals-API is designed to empower developers by providing a comprehensive suite of features that facilitate the integration of metals data into applications. With a focus on innovation and technological advancement, the API enables users to access real-time pricing, historical data, and various analytical tools that enhance trading strategies.

For detailed documentation on how to implement the Metals-API, visit the Metals-API Documentation. This resource provides comprehensive guidance on utilizing the API's capabilities effectively.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs within the precious metals market. Here are some of the key features:

  • 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. This feature is essential for traders who need to stay updated on market fluctuations.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date, developers can query the Metals-API for past rates, allowing for in-depth analysis of market trends over time.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for various metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for investors looking to assess the value of their holdings in different currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, facilitating detailed analysis of price movements over specific periods.
  • Fluctuation Endpoint: Users can retrieve information about how currencies fluctuate on a day-to-day basis, providing insights into market volatility and trends.
  • Carat Endpoint: This endpoint allows users to retrieve information about gold rates by carat, which is essential for jewelers and consumers looking to understand the value of gold jewelry.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specific metal over a defined period, which can help traders identify optimal buying or selling points.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, enabling traders to analyze market performance comprehensively.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is invaluable for understanding long-term market trends.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The API comes with multiple endpoints, each providing different functionalities tailored to specific needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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 the structure of API responses is crucial for effective integration. 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": 1744502619,
    "base": "USD",
    "date": "2025-04-13",
    "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": 1744416219,
    "base": "USD",
    "date": "2025-04-12",
    "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": "2025-04-06",
    "end_date": "2025-04-13",
    "base": "USD",
    "rates": {
        "2025-04-06": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-08": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-13": {
            "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": 1744502619,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "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": 1744502619,
    "base": "USD",
    "date": "2025-04-13",
    "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": 1744502619,
    "base": "USD",
    "date": "2025-04-13",
    "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 is a transformative tool for developers looking to integrate real-time and historical data for precious metals into their applications. With its extensive range of features, including the ability to retrieve live gold prices, historical data, and analytical insights, the API empowers users to make informed decisions in the dynamic metals market.

By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance trading strategies, provide market insights, and facilitate digital transformations in the precious metals sector. For more information on how to get started, visit the Metals-API Website and explore the Metals-API Documentation for detailed implementation guidance.

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