Retrieve Bangalore Gold 24k (BANG-24k) market prices using this API
In the ever-evolving landscape of precious metals trading, the ability to access real-time data is paramount. For developers and traders alike, the Metals-API offers a powerful solution to retrieve Bangalore Gold 24k (BANG-24k) market prices and other metal rates seamlessly. This blog post delves into the intricacies of the Metals-API, focusing on its capabilities, features, and how it can transform the way we interact with precious metals data.
Understanding Gold (XAU) in Today's Market
Gold, represented by the symbol XAU, has long been a cornerstone of financial markets. Its value is influenced by a myriad of factors, including economic stability, inflation rates, and geopolitical tensions. In recent years, the digital transformation in precious metals trading has allowed for enhanced data analytics and market insights, enabling traders to make informed decisions based on real-time information.
As technology continues to integrate into trading practices, innovations in price discovery and digital asset solutions are becoming increasingly vital. The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to build next-generation applications that leverage real-time metals data.
Metals-API Overview
The Metals-API Website serves as a comprehensive platform for accessing current and historical metal prices. With its robust architecture, the API empowers developers to create applications that require accurate and timely data. The API supports a wide range of endpoints, each designed to cater to specific data needs, from real-time rates to historical trends.
Key Features of Metals-API
The Metals-API offers a variety of endpoints that provide different functionalities, making it a versatile tool for developers:
Latest Rates Endpoint
The Latest Rates Endpoint is a cornerstone feature that delivers real-time exchange rate data. Depending on your subscription plan, this endpoint updates every 60 minutes or every 10 minutes, ensuring that users have access to the most current market information. For instance, a typical response might look like this:
{
"success": true,
"timestamp": 1761631245,
"base": "USD",
"date": "2025-10-28",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
The Historical Rates Endpoint allows users to access historical exchange rates dating back to 2019. This is particularly useful for analyzing trends over time. By appending a specific date to the request, developers can retrieve past rates, which can be invaluable for market analysis:
{
"success": true,
"timestamp": 1761544845,
"base": "USD",
"date": "2025-10-27",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}Bid and Ask Endpoint
The Bid and Ask Endpoint provides real-time bid and ask prices for metals. This feature is crucial for traders looking to make informed decisions based on the current market spread:
{
"success": true,
"timestamp": 1761631245,
"base": "USD",
"date": "2025-10-28",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"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 essential for traders who need to quickly assess the value of their holdings in different currencies:
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1761631245,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series Endpoint enables users to query the API for daily historical rates between two specified dates. This is particularly useful for analyzing price movements over a defined period:
{
"success": true,
"timeseries": true,
"start_date": "2025-10-21",
"end_date": "2025-10-28",
"base": "USD",
"rates": {
"2025-10-21": {
"XAU": 0.000485
},
"2025-10-28": {
"XAU": 0.000482
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides insights into how metal prices fluctuate over a specified period. This can help traders identify trends and make predictions based on historical data:
{
"success": true,
"fluctuation": true,
"start_date": "2025-10-21",
"end_date": "2025-10-28",
"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 understanding market behavior:
{
"success": true,
"timestamp": 1761631245,
"base": "USD",
"date": "2025-10-28",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Carat Endpoint
The Carat Endpoint provides information about gold rates by carat, allowing users to assess the value of gold based on its purity. This is particularly useful for jewelers and consumers alike:
{
"success": true,
"timestamp": 1761631245,
"base": "USD",
"date": "2025-10-28",
"rates": {
"XAU": {
"carat_24": 0.000482,
"carat_22": 0.000441
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specified date. This feature is essential for traders looking to understand market extremes:
{
"success": true,
"timestamp": 1761631245,
"base": "USD",
"date": "2025-10-28",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"unit": "per troy ounce"
}Historical LME Endpoint
The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This is particularly useful for traders who need to analyze long-term trends in the metals market:
{
"success": true,
"timestamp": 1761631245,
"base": "USD",
"date": "2025-10-28",
"rates": {
"XAU": {
"historical": {
"2019-01-01": 0.000450,
"2020-01-01": 0.000480
}
}
},
"unit": "per troy ounce"
}Authentication and API Key
To access the Metals-API, users must authenticate using an API key. This unique key is passed into the API base URL's access_key parameter. Proper management of API keys is essential for maintaining security and ensuring that access is granted only to authorized users.
Performance Considerations
When integrating the Metals-API into applications, developers should consider performance optimization strategies. This includes implementing caching mechanisms to reduce the number of API calls, especially for endpoints that do not require real-time data. Additionally, understanding rate limits and quota management is crucial to avoid service interruptions.
Common Pitfalls and Troubleshooting
Developers may encounter various challenges when working with the Metals-API. Common pitfalls include incorrect parameter values, which can lead to errors in API responses. It is essential to refer to the Metals-API Documentation for detailed parameter descriptions and valid values. Additionally, implementing robust error handling and recovery strategies can help mitigate issues that arise during API integration.
Conclusion
The Metals-API is a powerful tool for developers looking to access real-time and historical data on precious metals, including Bangalore Gold 24k (BANG-24k). With its extensive range of endpoints, the API enables users to build applications that leverage accurate market data for trading and analysis. By understanding the capabilities of the Metals-API and implementing best practices for integration, developers can create innovative solutions that enhance the trading experience.
For a complete list of supported symbols, visit the Metals-API Supported Symbols page. As the market continues to evolve, staying informed and utilizing advanced tools like the Metals-API will be key to success in the precious metals trading landscape.