Retrieve Guwahati Gold 24k (GUWA-24k) Historical Prices with this API

In the ever-evolving landscape of precious metals trading, the ability to access historical prices for gold is crucial for investors, traders, and developers alike. The Guwahati Gold 24k (GUWA-24k) symbol represents a specific grade of gold that is widely traded in India. With the advent of digital transformation in the precious metals market, leveraging APIs like Metals-API has become essential for obtaining real-time and historical data. This blog post will delve into the capabilities of Metals-API, focusing on how to retrieve historical prices for GUWA-24k gold and explore the broader implications of technology integration in trading.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a symbol of wealth and stability. As a precious metal, it plays a pivotal role in global finance and investment strategies. The digital transformation in precious metals has opened new avenues for data analytics and market insights, enabling traders to make informed decisions based on real-time data. The integration of technology in trading has revolutionized price discovery, allowing for more transparent and efficient transactions.

In this digital age, gold is not just a physical asset but also a digital one. The rise of digital asset solutions has made it easier for investors to trade gold through various platforms. With the help of APIs, developers can create applications that provide users with up-to-date information on gold prices, historical trends, and market fluctuations. This innovation is crucial for anyone looking to navigate the complexities of gold trading.

Metals-API Overview

The Metals-API is a powerful tool designed for developers seeking to integrate real-time and historical metals data into their applications. With a focus on innovation and technological advancement, this API empowers users to build next-generation applications that can analyze and visualize precious metals data. The API provides a wide array of endpoints, each tailored to meet specific needs, from retrieving the latest rates to accessing historical data dating back several years.

One of the standout features of Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, you can receive updates every 60 minutes or even every 10 minutes. This capability is essential for traders who need to stay ahead of market trends and fluctuations.

Key Features of Metals-API

Metals-API offers a variety of endpoints that cater to different aspects of metals trading. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including gold. The data is updated frequently, ensuring that users have access to the most current information.
Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical prices for GUWA-24k gold, allowing for comprehensive analysis of price trends over time.
Bid and Ask Endpoint: This feature enables 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 feature, allowing users to convert amounts between different metals or to/from USD. This is particularly useful for traders operating in multiple currencies.
Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates, facilitating in-depth analysis of price movements over time.
Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is essential for jewelers and consumers alike.
Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, aiding in market analysis.
Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for specific time periods, which is crucial for technical analysis and trading strategies.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a comprehensive view of market trends.
API Key: Each user is assigned a unique API key that must be included in requests to access the API's features.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, making it easier for local traders to stay informed.
News Endpoint: Users can access the latest news articles related to various metals, keeping them updated on market developments.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of API responses is crucial for effective implementation. Here are some examples of typical responses from various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1751846495,
    "base": "USD",
    "date": "2025-07-07",
    "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"
}

This response indicates a successful request, providing the latest exchange rates for various metals, including gold (XAU). The rates are expressed per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1751760095,
    "base": "USD",
    "date": "2025-07-06",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for a specific date, allowing users to analyze past price movements. The data can be used to identify trends and make informed trading decisions.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-30",
    "end_date": "2025-07-07",
    "base": "USD",
    "rates": {
        "2025-06-30": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-07": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for a specified period, enabling users to visualize trends and fluctuations over time. This data is invaluable for technical analysis and forecasting.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1751846495,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint allows users to convert a specified amount from one currency to another. In this case, 1000 USD is converted to 0.482 troy ounces of gold (XAU), providing a clear understanding of the current exchange rate.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-30",
    "end_date": "2025-07-07",
    "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. Understanding these fluctuations is essential for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1751846495,
    "base": "USD",
    "date": "2025-07-07",
    "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"
}

The OHLC endpoint provides critical data for traders, allowing them to analyze price movements throughout the trading day. This information is vital for developing trading strategies and making informed decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1751846495,
    "base": "USD",
    "date": "2025-07-07",
    "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"
}

The bid/ask endpoint provides real-time pricing information, which is essential for traders looking to execute orders at the best possible prices. Understanding the spread between bid and ask prices can help traders gauge market liquidity.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter common questions and challenges. Here are some frequently asked questions:

How do I authenticate with the Metals-API?

Authentication is straightforward. Each user is assigned a unique API key that must be included in the request URL as a query parameter. This key ensures that only authorized users can access the API's features.

What are the rate limits for API requests?

Rate limits vary depending on the subscription plan. Users should refer to the Metals-API Documentation for specific details on request limits and quotas.

How can I handle errors in API responses?

Metals-API provides clear error messages in its responses. Developers should implement error handling strategies to manage these responses effectively, ensuring that their applications can recover gracefully from issues.

Performance Optimization and Scaling

As applications grow and the demand for real-time data increases, performance optimization becomes critical. Here are some strategies to enhance the performance of applications using Metals-API:

Caching: Implement caching mechanisms to store frequently accessed data, reducing the number of API calls and improving response times.
Batch Requests: Where possible, batch multiple requests into a single API call to minimize latency and improve efficiency.
Asynchronous Processing: Use asynchronous programming techniques to handle API requests without blocking the main application thread, enhancing user experience.

Security Considerations

When integrating with any API, security should be a top priority. Here are some best practices for ensuring the security of your application when using Metals-API:

Secure API Key Storage: Store your API key securely, avoiding hardcoding it into your application. Use environment variables or secure vaults to manage sensitive information.
HTTPS Protocol: Always use HTTPS to encrypt data in transit, protecting against man-in-the-middle attacks.
Rate Limiting: Implement rate limiting on your application to prevent abuse and ensure fair usage of the API.

Conclusion

In conclusion, the ability to retrieve historical prices for Guwahati Gold 24k (GUWA-24k) using the Metals-API is a game-changer for traders and developers alike. The API's robust features, including real-time rates, historical data access, and various endpoints, empower users to make informed decisions in the precious metals market. By leveraging the power of technology and data analytics, traders can navigate the complexities of gold trading with confidence.

As the digital landscape continues to evolve, staying informed about market trends and utilizing innovative tools like Metals-API will be essential for success. For more information on how to get started, refer to the Metals-API Documentation and explore the comprehensive Metals-API Supported Symbols list to understand the full range of capabilities at your disposal.

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Retrieve Guwahati Gold 24k (GUWA-24k) Historical Prices with this API