Retrieve and Analyze Jaipur Gold 24k (JAIP-24k) Historical Prices using this API

In the ever-evolving landscape of precious metals trading, the ability to retrieve and analyze historical prices is crucial for traders, investors, and developers alike. One of the most effective tools for accessing this data is the Metals-API, which provides comprehensive access to real-time and historical prices for various metals, including Gold (XAU). This blog post will delve into the intricacies of the Metals-API, focusing on how to retrieve historical prices for Jaipur Gold 24k (JAIP-24k) and the transformative potential of this technology in the realm of digital asset solutions.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, serving as a hedge against inflation and economic uncertainty. As the world embraces digital transformation, the precious metals market is also evolving, integrating advanced data analytics and technology to provide market insights that were previously unattainable. The rise of digital asset solutions has enabled traders to make informed decisions based on real-time data, enhancing the price discovery process.

With the integration of technology in trading, developers can leverage APIs like Metals-API to build next-generation applications that provide users with accurate and timely information. This innovation not only streamlines trading processes but also empowers investors with the tools needed to analyze market trends effectively. By utilizing data analytics, traders can gain insights into price movements, helping them to strategize and optimize their trading activities.

Metals-API Overview

The Metals-API is a powerful tool designed for developers who require access to real-time and historical metal prices. This API offers a range of endpoints that cater to various needs, from retrieving the latest rates to accessing historical data dating back to 2019. The API's capabilities are particularly beneficial for those looking to analyze the historical prices of Gold, including Jaipur Gold 24k.

One of the standout features of the Metals-API is its ability to provide real-time exchange rate data, updated frequently depending on the subscription plan. This ensures that users have access to the most current information, which is essential for making informed trading decisions. Additionally, the API supports a variety of endpoints that allow users to query historical rates, bid and ask prices, and even perform currency conversions.

Key Features of Metals-API

The Metals-API offers several key features that enhance its usability and effectiveness:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently based on the user's subscription plan. This feature is crucial for traders who need to stay informed about market fluctuations.
Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, users can retrieve past prices, which is essential for trend analysis and forecasting.
Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
Time-Series Endpoint: Users can query the API for daily historical rates between two chosen dates, allowing for in-depth analysis of price movements over time.
Fluctuation Endpoint: This endpoint provides information on how metal prices fluctuate on a day-to-day basis, helping traders to understand market volatility.
Carat Endpoint: Users can retrieve information about Gold rates by carat, which is particularly relevant for those dealing in jewelry and high-purity gold.
Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of metals over a specified period, aiding in price analysis.
Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for a specific time period, which is essential for technical analysis and trading strategies.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering additional insights for traders focused on industrial metals.
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 API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Available Endpoints: The Metals-API includes 14 different endpoints, each providing unique functionalities tailored to various user needs.
Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to stay updated on the symbols they can query.
News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of API responses is crucial for effective data utilization. Below are examples of responses from various endpoints, along with explanations of their fields:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1762664499,
    "base": "USD",
    "date": "2025-11-09",
    "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"
}

The response indicates whether the request was successful, provides a timestamp, and lists the exchange rates for various metals relative to USD. The "rates" object contains the current price for each metal symbol, allowing traders to quickly assess market conditions.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1762578099,
    "base": "USD",
    "date": "2025-11-08",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical exchange rates for a specified date, allowing users to analyze past market behavior. The "rates" object contains the prices for each metal symbol on that date.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-02",
    "end_date": "2025-11-09",
    "base": "USD",
    "rates": {
        "2025-11-02": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-11-04": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-11-09": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of exchange rates between two specified dates. The "rates" object contains daily prices for each metal, enabling users to visualize trends over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1762664499,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the result of converting an amount from one metal to another. The "query" object details the conversion parameters, while the "result" field provides the converted amount.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-02",
    "end_date": "2025-11-09",
    "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"
}

This response provides insights into how metal prices have fluctuated over a specified period. The "rates" object details the starting and ending rates, along with the change in value and percentage change, which are crucial for traders assessing market volatility.

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

{
    "success": true,
    "timestamp": 1762664499,
    "base": "USD",
    "date": "2025-11-09",
    "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 response provides OHLC data for a specific date, which is essential for technical analysis. The "rates" object contains the opening, highest, lowest, and closing prices for each metal, allowing traders to assess market performance over the trading day.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1762664499,
    "base": "USD",
    "date": "2025-11-09",
    "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 provides the current bid and ask prices for metals, along with the spread. Understanding these values is crucial for traders looking to execute orders at the best possible prices.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into trading applications can significantly enhance the user experience and provide valuable insights. Here are some practical use cases:

Market Analysis Tools: Developers can create applications that analyze historical price data to identify trends and patterns. By leveraging the Time-Series and Historical Rates endpoints, users can visualize price movements and make informed trading decisions.
Automated Trading Systems: By utilizing the Latest Rates and Bid/Ask endpoints, traders can develop automated systems that execute trades based on predefined criteria, ensuring they capitalize on market opportunities in real-time.
Portfolio Management: Investors can use the Convert and Fluctuation endpoints to manage their portfolios effectively, allowing them to assess the performance of their investments and make necessary adjustments based on market conditions.

Performance Optimization and Security Considerations

When integrating the Metals-API, it is essential to consider performance optimization and security best practices. Here are some strategies:

Rate Limiting: Be aware of the API's rate limits and implement caching strategies to minimize unnecessary requests. This will enhance performance and reduce the risk of hitting rate limits.
Error Handling: Implement robust error handling to manage API response errors gracefully. This includes retry mechanisms for transient errors and user notifications for critical failures.
Data Validation: Ensure that all data received from the API is validated and sanitized before use. This is crucial for maintaining data integrity and preventing security vulnerabilities.

Conclusion

The Metals-API is a powerful tool for developers and traders looking to access real-time and historical prices for precious metals, including Jaipur Gold 24k (JAIP-24k). By leveraging its extensive features and capabilities, users can gain valuable insights into market trends, optimize their trading strategies, and make informed decisions based on accurate data.

As the market continues to evolve, the integration of technology and data analytics will play a pivotal role in shaping the future of precious metals trading. By utilizing the Metals-API, developers can create innovative applications that empower users with the information they need to navigate this dynamic landscape effectively.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the Metals-API Supported Symbols to discover the full range of available metal symbols.

Ready to use Metals-API?

Try it now!

Retrieve and Analyze Jaipur Gold 24k (JAIP-24k) Historical Prices using this API