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How to Retrieve Indore Gold 24k (INDO-24k) Historical Prices Using Metals-API

How to Retrieve Indore Gold 24k (INDO-24k) Historical Prices Using Metals-API

How to Retrieve Indore Gold 24k (INDO-24k) Historical Prices Using Metals-API

How to Retrieve Indore Gold 24k (INDO-24k) Historical Prices Using Metals-API

In the world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For those interested in Indore Gold 24k (INDO-24k), retrieving historical prices can be a game-changer. This blog post will delve into how to effectively use the Metals-API to access historical prices for gold and other precious metals, focusing on the innovative features and capabilities of this powerful API.

About Gold (XAU)

Gold, represented by the symbol XAU, has been a cornerstone of wealth and investment for centuries. In recent years, the digital transformation in precious metals has revolutionized how traders and investors access and analyze market data. The integration of data analytics and technology in trading has enabled market participants to gain deeper insights into price movements and trends.

With the rise of digital asset solutions, gold trading has become more accessible and efficient. The Metals-API plays a pivotal role in this transformation by providing real-time and historical data that empowers developers to create next-generation applications. By leveraging the API, users can innovate in price discovery and enhance their trading strategies.

API Description

The Metals-API is designed to deliver comprehensive metals pricing data, including real-time and historical rates for various precious metals. This API is a powerful tool for developers looking to build applications that require accurate and timely metals data. With its robust capabilities, the Metals-API allows users to access a wide range of endpoints, each serving a unique purpose in the realm of metals trading.

One of the standout features of the Metals-API is its ability to provide real-time exchange rates, historical data, and various analytical insights. This empowers developers to create applications that can analyze trends, forecast prices, and make data-driven decisions. The API's innovative architecture ensures that users can retrieve data efficiently and effectively, making it an essential resource for anyone involved in precious metals trading.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs within the metals trading ecosystem. Here are some of the key features and their applications:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. This is crucial for traders who need to make quick decisions based on the latest market conditions.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is essential for trend analysis and historical comparisons.
  • Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals. Understanding the spread between these prices is vital for traders looking to optimize their buying and selling strategies.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts between different metals or from/to USD. This is particularly useful for traders dealing in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates. This is ideal for analyzing price movements over time and identifying trends.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and helping traders make informed decisions.
  • Carat Endpoint: This feature retrieves information about gold rates by carat, allowing users to understand the value of gold in different purities.
  • Lowest/Highest Price Endpoint: This endpoint allows users to query the API for the lowest and highest prices of metals over a specified period, which is essential for identifying market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access the open, high, low, and close prices for metals over a specific time period, providing a comprehensive view of market performance.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, which is crucial for traders focusing on industrial metals.
  • API Key: Each user is assigned a unique API key that must be included in API requests to authenticate and authorize access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency and ease of use for developers.
  • Available Endpoints: The API provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, catering to a specific market segment.
  • News Endpoint: Users can access the latest news articles related to various metals, providing context and insights into market movements.

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 specific metals into their applications.

API Endpoint Examples and Responses

Latest Rates Endpoint

To get real-time exchange rates for all available metals, you can use the following example response:

{
    "success": true,
    "timestamp": 1745204528,
    "base": "USD",
    "date": "2025-04-21",
    "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

Accessing historical exchange rates for any date since 1999 can be done with the following example response:

{
    "success": true,
    "timestamp": 1745118128,
    "base": "USD",
    "date": "2025-04-20",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

To get exchange rates for a specific time period, you can use the following example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-14",
    "end_date": "2025-04-21",
    "base": "USD",
    "rates": {
        "2025-04-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-21": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

To convert any amount from one metal to another or to/from USD, you can use the following example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745204528,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

To track rate fluctuations between two dates, you can use the following example response:

{
    "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
        },
        "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

To get OHLC data for a specific time period, you can use the following example response:

{
    "success": true,
    "timestamp": 1745204528,
    "base": "USD",
    "date": "2025-04-21",
    "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

To get current bid and ask prices for metals, you can use the following example response:

{
    "success": true,
    "timestamp": 1745204528,
    "base": "USD",
    "date": "2025-04-21",
    "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

In conclusion, the Metals-API provides a powerful and flexible solution for retrieving historical prices for Indore Gold 24k (INDO-24k) and other precious metals. By leveraging its extensive range of endpoints, developers can access real-time and historical data, enabling them to make informed trading decisions. The API's innovative features, such as the ability to track fluctuations, convert currencies, and analyze time-series data, empower users to build sophisticated applications that enhance their trading strategies.

For those looking to dive deeper into the capabilities of the Metals-API, I encourage you to explore the Metals-API Documentation for detailed information on each endpoint and its functionalities. Additionally, the Metals-API Supported Symbols page provides a comprehensive list of available metals and their specifications. By utilizing these resources, developers can unlock the full potential of the Metals-API and transform their approach to precious metals trading.

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