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Retrieve Kolkata Silver (XAG-KOLK) Historical Prices through this API

Retrieve Kolkata Silver (XAG-KOLK) Historical Prices through this API

Retrieve Kolkata Silver (XAG-KOLK) Historical Prices through this API

Retrieve Kolkata Silver (XAG-KOLK) Historical Prices through this API

In today's fast-paced digital economy, the demand for accurate and real-time data is paramount, especially in the metals market. One of the most sought-after metals is silver, represented by the symbol XAG. This blog post will delve into how developers can retrieve historical prices for Kolkata Silver (XAG-KOLK) using the Metals-API. We will explore the various features of the API, its capabilities, and how it can empower developers to create innovative applications that leverage real-time metals data.

About Silver (XAG)

Silver, known by its chemical symbol Ag, has been a valuable commodity for centuries. It is not only prized for its aesthetic qualities in jewelry and coins but also plays a crucial role in various industrial applications. The industrial demand for silver has surged, particularly in electronics, solar panels, and medical devices. As technology advances, the integration of silver into smart manufacturing processes is becoming increasingly prevalent. This integration is driven by the need for high conductivity and durability in electronic components.

Moreover, the digital market analysis of silver prices is essential for investors and manufacturers alike. With the rise of e-commerce and online trading platforms, having access to real-time data is critical for making informed decisions. The Metals-API provides a robust solution for accessing this data, allowing developers to build applications that can analyze market trends and forecast future prices.

API Description

The Metals-API is a powerful tool designed to provide developers with access to real-time and historical metals data. It offers a wide range of endpoints that cater to various needs, from retrieving the latest rates to accessing historical data dating back to 2019. The API is built with innovation in mind, enabling developers to create next-generation applications that can transform how metals data is utilized.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, the API can return updates every 60 minutes, every 10 minutes, or even more frequently. This capability ensures that users have access to the most current information, which is crucial for making timely trading decisions.

For developers looking to integrate historical data, the Metals-API allows querying for historical rates by appending a specific date to the API request. This feature is particularly useful for analyzing price trends over time and understanding market fluctuations.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to fulfill specific needs. Below are some of the key features and their potential applications:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including silver. Developers can use this data to create applications that track market changes and inform users about the latest prices.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. This is particularly useful for conducting market analysis and understanding long-term trends.
  • Bid And Ask Endpoint: This feature allows developers to retrieve real-time bid and ask prices for metals. This information is vital for traders who need to make quick decisions based on current market conditions.
  • Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert amounts between different metals or to/from USD. This is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: This endpoint allows querying for daily historical rates between two specified dates. It is ideal for developers looking to analyze price movements over specific periods.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is essential for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, helping traders identify optimal buying or selling points.
  • Open/High/Low/Close (OHLC) Price Endpoint: This feature provides detailed price information, including open, high, low, and close prices for a specific date, which is crucial for technical analysis.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for comprehensive market analysis.
  • API Key: Each user is assigned a unique API key, which must be included in requests to authenticate and authorize access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data representation.
  • Available Endpoints: The Metals-API offers a constantly updated list of all available currencies, ensuring developers have access to the latest information.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold prices in India, catering to a specific market segment.
  • News Endpoint: Users can access the latest news articles related to various metals, providing context and insights into market movements.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745625934,
    "base": "USD",
    "date": "2025-04-26",
    "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 provides real-time exchange rates for various metals, including silver (XAG). The "rates" object contains the current price per troy ounce for each metal, allowing developers to display this information in their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745539534,
    "base": "USD",
    "date": "2025-04-25",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to access historical rates for a specific date. The response includes the prices for silver and other metals, which can be used for analysis or reporting purposes.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-19",
    "end_date": "2025-04-26",
    "base": "USD",
    "rates": {
        "2025-04-19": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-21": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-26": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows developers to retrieve exchange rates for a specific period. This data can be used to create visualizations or perform trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745625934,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response demonstrates how to convert an amount from one metal to another. In this case, it shows the conversion of 1000 USD to gold (XAU), providing the equivalent amount in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-19",
    "end_date": "2025-04-26",
    "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"
}

The fluctuation endpoint provides insights into how metal prices change over time. This information is crucial for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1745625934,
    "base": "USD",
    "date": "2025-04-26",
    "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"
}

This endpoint provides comprehensive price data, including the opening, highest, lowest, and closing prices for a specific date. This information is essential for technical analysis and trading strategies.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745625934,
    "base": "USD",
    "date": "2025-04-26",
    "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 crucial information for traders, including the current bid and ask prices for metals. This data is vital for executing trades at optimal prices.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers looking to access real-time and historical data for metals like silver (XAG). With its comprehensive set of features, including the ability to retrieve the latest rates, historical prices, and detailed market analysis, the API empowers developers to build innovative applications that can transform how metals data is utilized in various industries.

By leveraging the capabilities of the Metals-API, developers can create applications that not only track market trends but also provide insights into price fluctuations, enabling users to make informed decisions. Whether you are a trader, manufacturer, or investor, the Metals-API offers the tools necessary to navigate the complexities of the metals market.

For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. To access the API and begin integrating it into your applications, head over to the Metals-API Website.

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