Retrieve Salem Gold 24k (SALE-24k) prices in real-time with this API

Retrieve Salem Gold 24k (SALE-24k) Prices in Real-Time with This API

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is crucial for developers and traders alike. The Metals-API offers a powerful solution for retrieving the latest prices of metals, including the coveted Gold (XAU). This blog post delves into the capabilities of the Metals-API, exploring how it empowers users to harness the potential of real-time metals data for innovative applications.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, and its significance in the financial markets cannot be overstated. As digital transformation reshapes the trading landscape, the integration of technology in precious metals trading is becoming increasingly vital. The Metals-API provides developers with the tools necessary to leverage data analytics and market insights, enabling them to create applications that can respond to market changes in real-time.

With the rise of digital asset solutions, the demand for accurate and timely gold pricing has surged. The Metals-API not only facilitates price discovery but also supports innovation in trading strategies. By utilizing advanced data analytics, developers can gain insights into market trends and fluctuations, allowing for more informed decision-making.

API Description

The Metals-API is designed to provide developers with comprehensive access to real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API serves as a bridge between developers and the dynamic world of precious metals trading, enabling the creation of next-generation applications that can adapt to market conditions.

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, every 10 minutes, or even more frequently. This capability is essential for applications that require up-to-the-minute pricing information.

For developers looking to analyze historical trends, the Metals-API offers access to historical rates dating back to 2019. This feature allows users to query the API for specific dates, enabling them to conduct in-depth analyses of price movements over time.

Furthermore, the API includes endpoints for bid and ask prices, currency conversion, time-series data, and fluctuations, making it a comprehensive tool for anyone involved in metals trading. The ability to retrieve information about gold rates by carat and to access the lowest and highest prices adds additional layers of functionality.

For more detailed information, developers can refer to the Metals-API Documentation, which provides extensive guidance on how to utilize the API effectively.

Key Features and Endpoints

The Metals-API is equipped with a variety of endpoints, each designed to serve specific needs within the realm of metals trading. Here, we explore some of the key features and their potential applications:

Latest Rates Endpoint

The Latest Rates Endpoint is a fundamental feature of the Metals-API, providing real-time exchange rate data for all available metals. Depending on the user's subscription plan, this endpoint can return updates every 60 minutes or more frequently. This capability is particularly useful for applications that require immediate access to current market prices.

{
    "success": true,
    "timestamp": 1744516869,
    "base": "USD",
    "date": "2025-04-13",
    "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 the current exchange rates for various metals, with gold (XAU) priced at 0.000482 per troy ounce. Developers can utilize this data to inform trading strategies and market analyses.

Historical Rates Endpoint

For those interested in analyzing past market performance, the Historical Rates Endpoint allows users to access exchange rates for any date since 2019. By appending a specific date to the API request, developers can retrieve valuable historical data.

{
    "success": true,
    "timestamp": 1744430469,
    "base": "USD",
    "date": "2025-04-12",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for backtesting trading strategies or conducting market research, as it provides insights into how prices have changed over time.

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 make informed decisions based on current market conditions.

{
    "success": true,
    "timestamp": 1744516869,
    "base": "USD",
    "date": "2025-04-13",
    "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 and ask prices provide traders with essential information about market liquidity and potential profit margins, allowing them to execute trades more effectively.

Convert Endpoint

The Convert Endpoint is a valuable tool for developers looking to convert amounts between different metals or to/from USD. This feature simplifies the process of calculating equivalent values across various currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744516869,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates that 1000 USD is equivalent to 0.482 troy ounces of gold, providing a straightforward conversion for users.

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two specified dates. This feature is particularly useful for analyzing trends over a defined period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "base": "USD",
    "rates": {
        "2025-04-06": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-08": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-13": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides a comprehensive view of how prices have fluctuated over time, enabling developers to build applications that can analyze trends and make predictions based on historical data.

Fluctuation Endpoint

The Fluctuation Endpoint allows users to track rate fluctuations between two specified dates. This feature is essential for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "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 prices have changed over a specified period, highlighting both the absolute and percentage changes for each metal.

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

The OHLC Price Endpoint provides users with open, high, low, and close prices for a specific time period. This data is crucial for traders looking to analyze market performance and make informed decisions.

{
    "success": true,
    "timestamp": 1744516869,
    "base": "USD",
    "date": "2025-04-13",
    "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 a snapshot of market performance, allowing traders to assess price movements and make strategic decisions based on the data.

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This feature is particularly useful for users interested in analyzing long-term trends in metals pricing.

For a complete list of supported symbols and their specifications, developers can refer to the Metals-API Supported Symbols page.

Conclusion

The Metals-API stands as a transformative tool for developers and traders in the precious metals market. By providing real-time and historical data, the API empowers users to make informed decisions and develop innovative applications that can respond to market dynamics. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion and fluctuation tools, the Metals-API offers a comprehensive suite of functionalities that cater to the needs of technically proficient API developers.

For those looking to dive deeper into the capabilities of the Metals-API, the Metals-API Website offers extensive resources and documentation. By leveraging the power of real-time metals data, developers can unlock new opportunities in the world of precious metals trading.