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Retrieve Hyderabad Gold 24k (HYDE-24k) Historical Prices with this API

Retrieve Hyderabad Gold 24k (HYDE-24k) Historical Prices with this API

Retrieve Hyderabad Gold 24k (HYDE-24k) Historical Prices with this API

Retrieve Hyderabad Gold 24k (HYDE-24k) Historical Prices with this API

In the rapidly evolving landscape of precious metals trading, the ability to access historical prices for Gold (XAU) is crucial for investors, traders, and developers alike. The Metals-API provides a robust solution for retrieving historical prices, including the specific rates for Hyderabad Gold 24k (HYDE-24k). This blog post delves into the capabilities of the Metals-API, exploring how it empowers users to access real-time and historical data, analyze market trends, and make informed trading decisions.

About Gold (XAU)

Gold has long been regarded as a safe-haven asset, a hedge against inflation, and a store of value. The digital transformation in precious metals trading has opened new avenues for investors, allowing them to leverage data analytics and market insights to enhance their trading strategies. With the integration of technology in trading, the process of price discovery has become more efficient, enabling traders to react swiftly to market changes.

As the demand for digital asset solutions grows, the need for accurate and timely data becomes paramount. The Metals-API stands at the forefront of this transformation, offering developers the tools necessary to build next-generation applications that can harness the power of real-time metals data. By providing access to historical prices, the API allows users to analyze trends, forecast future movements, and make data-driven decisions.

API Description

The Metals-API is designed to deliver comprehensive and accurate data on precious metals, including Gold, Silver, Platinum, and Palladium. It offers a variety of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data dating back to 2019. This API is not just a data provider; it is a powerful tool that enables developers to create innovative applications that can transform the way users interact with metals trading.

With the Metals-API, developers can access a wide range of functionalities, including:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently.
  • Historical Rates Endpoint: Users can query historical rates for most currencies dating back to 2019 by appending a specific date to the API request.
  • Bid and Ask Endpoint: This feature allows users to retrieve real-time Bid and Ask prices, providing insights into market liquidity.
  • Convert Endpoint: This endpoint enables users to convert any amount from one currency to another, facilitating seamless transactions.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice, allowing for in-depth analysis.
  • Fluctuation Endpoint: This feature provides information about how currencies fluctuate on a day-to-day basis, essential for understanding market volatility.
  • Carat Endpoint: Users can retrieve information about Gold rates by Carat, which is particularly useful for jewelers and consumers.
  • Lowest/Highest Price Endpoint: This endpoint allows users to query the API to get the lowest and highest price for a specified date.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access the open, high, low, and close prices for a specific date, providing a comprehensive view of market performance.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access.
  • API Response: Exchange rates delivered by the Metals-API are relative to USD, ensuring consistency in data interpretation.
  • Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to stay updated on the latest symbols.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint.
  • News Endpoint: This feature allows users to access the latest news articles related to various metals, keeping them informed about market developments.

Key Features and Endpoints

The Metals-API is equipped with a variety of endpoints, each designed to meet specific needs. Here’s a closer look at some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals. Depending on your subscription plan, you can receive updates every 60 minutes or more frequently. This feature is essential for traders who need to make quick decisions based on the latest market data.

{
    "success": true,
    "timestamp": 1748340015,
    "base": "USD",
    "date": "2025-05-27",
    "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

This endpoint allows users to access historical exchange rates for any date since 1999. By appending a specific date to the API request, users can retrieve valuable historical data that can inform their trading strategies.

{
    "success": true,
    "timestamp": 1748253615,
    "base": "USD",
    "date": "2025-05-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "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 particularly useful for analyzing trends over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "base": "USD",
    "rates": {
        "2025-05-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "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 invaluable for traders looking to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748340015,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how rates fluctuate between two dates. This information is critical for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "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 provides users with the open, high, low, and close prices for a specific time period. This data is essential for traders looking to analyze market trends and make predictions based on historical performance.

{
    "success": true,
    "timestamp": 1748340015,
    "base": "USD",
    "date": "2025-05-27",
    "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"
}

Bid/Ask Endpoint

The Bid/Ask Endpoint allows users to get current bid and ask prices for metals, providing insights into market liquidity and helping traders make informed decisions.

{
    "success": true,
    "timestamp": 1748340015,
    "base": "USD",
    "date": "2025-05-27",
    "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"
}

Common Use Cases and Integration Strategies

Integrating the Metals-API into your applications can significantly enhance your trading capabilities. Here are some common use cases:

  • Market Analysis: Use the historical rates and time-series endpoints to analyze market trends and make predictions based on past performance.
  • Portfolio Management: Leverage the convert endpoint to assess the value of your holdings in different currencies, helping you manage your portfolio effectively.
  • Trading Bots: Develop automated trading bots that utilize the latest rates and bid/ask endpoints to execute trades based on real-time data.
  • Investment Research: Use the news endpoint to stay updated on the latest developments in the metals market, ensuring you are well-informed before making investment decisions.

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 your subscription plan's rate limits to avoid exceeding your quota. Implement caching strategies to reduce the number of API calls.
  • Data Validation: Ensure that all data received from the API is validated and sanitized before use to prevent security vulnerabilities.
  • Error Handling: Implement robust error handling to manage API response errors gracefully, ensuring a seamless user experience.

Conclusion

The Metals-API is a powerful tool for anyone involved in precious metals trading, offering a wealth of data and insights that can enhance trading strategies and decision-making processes. By leveraging the various endpoints, users can access real-time and historical data, analyze market trends, and make informed decisions based on comprehensive analytics.

For developers looking to integrate this API, the Metals-API Documentation provides extensive guidance on how to utilize the API effectively. Additionally, the Metals-API Supported Symbols page offers a complete list of available symbols, ensuring you have all the necessary information at your fingertips. To get started, visit the Metals-API Website and explore the transformative potential of real-time metals data.

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