Retrieve Chennai Silver (XAG-CHEN) - Per Ounce prices with this API
Retrieve Chennai Silver (XAG-CHEN) - Per Ounce Prices with this API
In the ever-evolving landscape of precious metals trading, having access to real-time data is crucial for informed decision-making. The Metals-API provides developers with the tools necessary to retrieve current and historical prices for various metals, including Silver (XAG). This blog post will delve into the intricacies of the Metals-API, focusing on how it can be utilized to retrieve Chennai Silver prices per ounce, along with a comprehensive overview of its features, capabilities, and practical applications.
About Silver (XAG)
Silver, represented by the symbol XAG, is not only a precious metal but also a vital industrial commodity. Its applications span across various sectors, including electronics, solar energy, and medical technologies. As industries innovate and evolve, the demand for silver continues to grow, making it essential for developers and traders to have access to accurate and timely market data.
In recent years, technological advancements have transformed the manufacturing landscape. Smart manufacturing integration has enabled companies to optimize their production processes, leading to increased efficiency and reduced costs. The digital market analysis of silver prices allows stakeholders to make informed decisions based on real-time data, ensuring they remain competitive in a rapidly changing market.
Moreover, supply chain technology plays a pivotal role in the silver market. By leveraging advanced analytics and real-time tracking, businesses can enhance their operational efficiency and responsiveness to market fluctuations. This is where the Metals-API comes into play, providing developers with the necessary tools to access and analyze silver prices effectively.
API Description
The Metals-API is a powerful tool designed for developers looking to integrate real-time metals data into their applications. With its robust capabilities, the API empowers users to build next-generation applications that can track and analyze metal prices, including silver, gold, platinum, and palladium.
One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, users can access the latest rates updated every 60 minutes or even every 10 minutes. This ensures that developers have the most current information at their fingertips, enabling them to make timely decisions.
For those interested in historical data, the Metals-API offers a comprehensive historical rates endpoint. Users can query historical rates dating back to 2019, allowing for in-depth analysis of price trends over time. This feature is particularly valuable for traders looking to identify patterns and make predictions based on past performance.
Additionally, the API provides a bid and ask endpoint, which is crucial for understanding the current market sentiment. This feature allows users to retrieve real-time bid and ask prices, giving them insight into the buying and selling pressure for silver and other metals.
Another innovative aspect of the Metals-API is its conversion endpoint, which enables users to convert any amount from one metal to another or to/from USD. This flexibility is essential for traders who operate in multiple currencies and need to assess their positions accurately.
The time-series endpoint is another valuable feature, allowing users to query daily historical rates between two dates of their choice. This capability is particularly useful for conducting thorough analyses of price movements over specific periods.
For those interested in understanding market fluctuations, the fluctuation endpoint provides detailed information about how prices change on a day-to-day basis. This feature is instrumental for traders who need to stay ahead of market trends and adjust their strategies accordingly.
Furthermore, the Metals-API includes a carat endpoint, which allows users to retrieve information about gold rates by carat. This is particularly useful for jewelers and retailers who need to price their products accurately based on the purity of gold.
The lowest/highest price endpoint enables users to query the API for the lowest and highest prices over a specified period, providing valuable insights into market extremes. Similarly, the open/high/low/close (OHLC) price endpoint allows users to retrieve comprehensive price data for a specific time period, which is essential for technical analysis.
For developers looking to stay informed about the latest news in the metals market, the Metals-API offers a news endpoint that retrieves the latest articles related to various metals. This feature helps users stay updated on market developments that could impact prices.
To get started with the Metals-API, developers need to obtain an API key, which is a unique identifier that grants access to the API's functionalities. This key is passed into the API base URL's access_key parameter, ensuring secure and authorized access to the data.
For a complete list of available symbols, including silver, gold, platinum, and palladium, developers can refer to the Metals-API Supported Symbols page. This resource provides essential information about the various metals that can be tracked using the API.
Key Features and Endpoints
The Metals-API offers a wide range of features and endpoints that cater to the needs of developers and traders alike. Below, we explore some of the key functionalities available through the API:
Latest Rates Endpoint
The latest rates endpoint provides real-time exchange rates for all available metals. This endpoint is crucial for developers who need to display current prices in their applications. The response includes the base currency, the date of the rates, and the rates for various metals, including silver.
{
"success": true,
"timestamp": 1752958816,
"base": "USD",
"date": "2025-07-19",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
Accessing historical exchange rates is essential for analyzing price trends. The historical rates endpoint allows users to retrieve rates for any date since 1999. This feature is particularly useful for traders looking to backtest strategies or analyze long-term trends.
{
"success": true,
"timestamp": 1752872416,
"base": "USD",
"date": "2025-07-18",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}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 conducting detailed analyses of price movements over specific periods.
{
"success": true,
"timeseries": true,
"start_date": "2025-07-12",
"end_date": "2025-07-19",
"base": "USD",
"rates": {
"2025-07-12": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-07-19": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"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 feature is particularly useful for traders who operate in multiple currencies and need to assess their positions accurately.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1752958816,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Fluctuation Endpoint
The fluctuation endpoint provides detailed information about how prices change on a day-to-day basis. This feature is instrumental for traders who need to stay ahead of market trends and adjust their strategies accordingly.
{
"success": true,
"fluctuation": true,
"start_date": "2025-07-12",
"end_date": "2025-07-19",
"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
}
},
"unit": "per troy ounce"
}OHLC (Open/High/Low/Close) Price Endpoint
The OHLC price endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is essential for technical analysis and helps traders understand market dynamics.
{
"success": true,
"timestamp": 1752958816,
"base": "USD",
"date": "2025-07-19",
"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
}
},
"unit": "per troy ounce"
}Bid/Ask Endpoint
The bid and ask endpoint provides current bid and ask prices for metals. This feature is crucial for understanding the current market sentiment and helps traders make informed decisions.
{
"success": true,
"timestamp": 1752958816,
"base": "USD",
"date": "2025-07-19",
"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"
}Conclusion
The Metals-API is an invaluable resource for developers and traders looking to access real-time and historical data for precious metals, including silver. With its comprehensive range of features, including the latest rates, historical data, conversion capabilities, and fluctuation tracking, the API empowers users to make informed decisions in a dynamic market.
By leveraging the capabilities of the Metals-API, developers can create innovative applications that provide users with the insights they need to navigate the complexities of the metals market. Whether you are a trader looking to optimize your strategies or a developer building a cutting-edge application, the Metals-API offers the tools necessary to succeed.
For more information on how to get started, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation. Additionally, check out the Metals-API Supported Symbols page for a complete list of available metals and their specifications.