Retrieve Mysore Gold 24k (MYSO-24k) price information through this API

Retrieve Mysore Gold 24k (MYSO-24k) Price Information Through This API

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is paramount. The Mysore Gold 24k (MYSO-24k) symbol represents a significant asset in the gold market, and developers can leverage the Metals-API to retrieve accurate and timely price information. This blog post delves into the intricacies of the Metals-API, focusing on its capabilities, the technology behind it, and how it empowers developers to create innovative applications in the realm of precious metals.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As digital transformation sweeps across industries, the precious metals market is no exception. The integration of data analytics and technology in trading has revolutionized how investors and traders interact with gold. With the rise of digital asset solutions, the demand for real-time gold price information has surged, making APIs like Metals-API essential for developers looking to harness market insights.

Through the Metals-API, developers can access a wealth of data that not only includes current prices but also historical trends, fluctuations, and conversion rates. This data is crucial for making informed trading decisions and understanding market dynamics. The API's innovative approach to price discovery allows users to tap into a comprehensive range of functionalities that enhance their trading strategies.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including gold, silver, platinum, and palladium. Its capabilities extend beyond mere price retrieval; it offers a suite of endpoints that facilitate advanced data analytics, enabling developers to build next-generation applications.

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 receive updates every 60 minutes or even every 10 minutes. This level of granularity is essential for traders who need to react swiftly to market changes.

Moreover, the API supports a variety of endpoints that cater to different needs. For instance, the Historical Rates Endpoint allows users to access price data dating back to 2019, providing a rich dataset for analysis. The Bid and Ask Endpoint offers real-time bid and ask prices, which are crucial for executing trades at optimal prices.

Key Features and Endpoints

The Metals-API boasts a range of endpoints that cater to various trading and analytical needs:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. The response includes the base currency, timestamp, and rates for metals like XAU, XAG, and more.
• Historical Rates Endpoint: Users can query historical rates for most currencies dating back to 2019. This is particularly useful for analyzing trends over time.
• Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices, allowing for informed trading decisions.
• Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD.
• Time-Series Endpoint: This endpoint allows users to query daily historical rates between two dates, facilitating detailed analysis of price movements.
• Fluctuation Endpoint: Users can track how prices fluctuate on a day-to-day basis, providing insights into market volatility.
• Carat Endpoint: This feature allows users to retrieve gold rates by carat, catering to specific market needs.
• Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, essential for technical analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for comprehensive market analysis.
• API Key: Each user is assigned a unique API key, which is required for accessing the API's functionalities.
• API Response: The API returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The API provides a constantly updated list of all available currencies and metals.
• Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, catering to regional market needs.
• News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market trends.

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.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for effective integration. Below are examples of responses from various endpoints:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1748650334,
    "base": "USD",
    "date": "2025-05-31",
    "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

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1748563934,
    "base": "USD",
    "date": "2025-05-30",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-24",
    "end_date": "2025-05-31",
    "base": "USD",
    "rates": {
        "2025-05-24": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-26": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-31": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748650334,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-24",
    "end_date": "2025-05-31",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1748650334,
    "base": "USD",
    "date": "2025-05-31",
    "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

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1748650334,
    "base": "USD",
    "date": "2025-05-31",
    "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"
}

Conclusion

The Mysore Gold 24k (MYSO-24k) symbol represents a vital asset in the precious metals market, and the Metals-API provides developers with the tools necessary to access real-time and historical data. By leveraging the various endpoints offered by the API, developers can create innovative applications that enhance trading strategies and provide valuable insights into market trends.

As the digital transformation of the precious metals market continues, the importance of real-time data and analytics cannot be overstated. The Metals-API stands at the forefront of this transformation, empowering developers to harness the power of data in their trading applications. For more information, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive understanding of the available functionalities.