Retrieve Coimbatore Gold 22k (COIM-22k) prices using this API
Retrieve Coimbatore Gold 22k (COIM-22k) Prices Using This API
In the ever-evolving landscape of precious metals trading, the ability to access real-time data is paramount. The Metals-API provides developers with the tools necessary to retrieve accurate and timely information about gold prices, including the Coimbatore Gold 22k (COIM-22k) prices. This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, the significance of gold in the market, and how developers can leverage this API to create innovative applications.
About Gold (XAU)
Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As a precious metal, it plays a crucial role in various markets, from jewelry to investment portfolios. The digital transformation in precious metals trading has opened new avenues for data analytics and market insights. By integrating technology into trading practices, investors can make informed decisions based on real-time data.
With the rise of digital asset solutions, gold is no longer just a physical commodity; it has become a digital asset that can be traded and analyzed through advanced platforms. The innovation in price discovery mechanisms allows traders to access historical data, current market trends, and predictive analytics, enhancing their trading strategies.
API Description
The Metals-API is a powerful tool that provides developers with access to real-time metals data, enabling them to build next-generation applications. This API empowers users to retrieve the latest gold prices, historical rates, and various other functionalities that are essential for effective trading. The API's capabilities are designed to facilitate seamless integration into existing systems, allowing for enhanced data-driven decision-making.
For more information, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that cater to different needs within the metals trading ecosystem. Each endpoint is designed to provide specific functionalities, allowing developers to tailor their applications according to user requirements.
Latest Rates Endpoint
The Latest Rates Endpoint is a fundamental feature of the Metals-API. Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This allows traders to stay informed about the latest market movements and make timely decisions.
{
"success": true,
"timestamp": 1748876415,
"base": "USD",
"date": "2025-06-02",
"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
The Historical Rates Endpoint allows users to access historical exchange rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve valuable historical data that can be used for trend analysis and forecasting.
{
"success": true,
"timestamp": 1748790015,
"base": "USD",
"date": "2025-06-01",
"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 crucial for traders looking to execute buy or sell orders at optimal prices.
{
"success": true,
"timestamp": 1748876415,
"base": "USD",
"date": "2025-06-02",
"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"
}Convert Endpoint
The Convert Endpoint allows users to convert any amount from one currency to another. This feature is particularly useful for traders who need to calculate the equivalent value of their investments in different currencies.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1748876415,
"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 essential for analyzing trends over specific periods, enabling traders to make informed decisions based on historical performance.
{
"success": true,
"timeseries": true,
"start_date": "2025-05-26",
"end_date": "2025-06-02",
"base": "USD",
"rates": {
"2025-05-26": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-05-28": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-06-02": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is vital for traders looking to understand market volatility and make strategic decisions based on price movements.
{
"success": true,
"fluctuation": true,
"start_date": "2025-05-26",
"end_date": "2025-06-02",
"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"
}Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price Endpoint allows users to query the API for the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on candlestick patterns and other technical analysis methods.
{
"success": true,
"timestamp": 1748876415,
"base": "USD",
"date": "2025-06-02",
"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"
}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 interested in the London Metal Exchange prices.
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.
Conclusion
The Metals-API is an invaluable resource for developers looking to integrate real-time metals data into their applications. With features such as the Latest Rates, Historical Rates, and various conversion endpoints, this API empowers users to make informed trading decisions. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance the trading experience and provide valuable insights into the precious metals market.
For further exploration of the API's capabilities, be sure to check out the Metals-API Documentation for detailed implementation guidance and examples. The future of precious metals trading is digital, and with the right tools, developers can harness the power of real-time data to drive their applications forward.