Quick Guide to Get Malappuram Gold 24k (MALA-24k) Historical Prices using this API

Introduction

In the ever-evolving landscape of financial technology, the demand for accurate and real-time data has never been more critical, especially in the realm of precious metals trading. For developers and traders alike, accessing historical prices for gold, specifically Malappuram Gold 24k (MALA-24k), is essential for informed decision-making. This guide will delve into how to retrieve historical prices using the Metals-API, a powerful tool that provides comprehensive data on various metals, including gold (XAU).

About Gold (XAU)

Gold has long been a symbol of wealth and stability, serving as a hedge against inflation and economic uncertainty. In recent years, the digital transformation in precious metals has revolutionized how traders and investors interact with this valuable asset. With the integration of data analytics and market insights, traders can now leverage technology to make more informed decisions.

The innovation in price discovery mechanisms has also enhanced the trading experience. By utilizing real-time data, traders can react swiftly to market changes, ensuring they capitalize on favorable conditions. Furthermore, digital asset solutions have emerged, allowing for seamless transactions and improved liquidity in the gold market.

Metals-API Overview

The Metals-API is designed to empower developers with the tools necessary to build next-generation applications that require real-time metals data. This API offers a range of endpoints that provide access to current and historical prices, enabling users to analyze trends and make data-driven decisions.

With the Metals-API, developers can integrate various functionalities into their applications, such as retrieving the latest rates, historical data, and even performing currency conversions. The API's capabilities extend beyond mere data retrieval; it offers insights that can drive strategic trading decisions.

Key Features and Endpoints

The Metals-API boasts several key features that make it an invaluable resource for developers and traders. Below, we explore some of the most significant endpoints and their applications:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for various metals, including gold. Depending on your subscription plan, this endpoint can return updated rates every 60 minutes or even every 10 minutes. This feature is crucial for traders who need to stay informed about the latest market conditions.

{
    "success": true,
    "timestamp": 1762826538,
    "base": "USD",
    "date": "2025-11-11",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is vital for analyzing market trends over time. The Historical Rates Endpoint allows users to query historical data dating back to 2019 by appending a specific date to the API request. This feature is particularly useful for backtesting trading strategies and understanding price movements.

{
    "success": true,
    "timestamp": 1762740138,
    "base": "USD",
    "date": "2025-11-10",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Bid and Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for metals. This information is critical for traders looking to execute orders at the best possible prices. Depending on your subscription plan, this endpoint can provide insights into the current market spread.

{
    "success": true,
    "timestamp": 1762826538,
    "base": "USD",
    "date": "2025-11-11",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This functionality is particularly useful for traders who need to assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1762826538,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

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 invaluable for traders looking to analyze price trends over specific periods, enabling them to make informed decisions based on historical performance.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-04",
    "end_date": "2025-11-11",
    "base": "USD",
    "rates": {
        "2025-11-04": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-11-06": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-11-11": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for traders who want to understand market volatility and make strategic decisions based on price movements.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-04",
    "end_date": "2025-11-11",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price Endpoint allows users to retrieve the open, high, low, and close prices for a specific time period. This data is crucial for technical analysis and helps traders identify trends and potential reversal points.

{
    "success": true,
    "timestamp": 1762826538,
    "base": "USD",
    "date": "2025-11-11",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for traders who want to analyze historical data for metals traded on the London Metal Exchange.

API Key and Authentication

To access the Metals-API, users must obtain an API Key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring secure access to the API's functionalities.

API Response Structure

The API responses are structured to provide clarity and ease of use. By default, exchange rates are relative to USD, and all data is returned in a consistent format. Understanding the response structure is crucial for developers to effectively utilize the API in their applications.

Common Use Cases

Developers can leverage the Metals-API in various applications, including:

• Building trading platforms that require real-time and historical price data for metals.
• Creating financial analysis tools that help users track price trends and fluctuations.
• Integrating currency conversion features into e-commerce platforms dealing with precious metals.

Conclusion

The Metals-API is an invaluable resource for developers and traders looking to access real-time and historical data for precious metals, including Malappuram Gold 24k (MALA-24k). By utilizing its various endpoints, users can gain insights into market trends, make informed trading decisions, and enhance their applications with powerful data analytics capabilities. For more information, visit the Metals-API Website, explore the Metals-API Documentation, and check out the Metals-API Supported Symbols for a comprehensive list of available metals.