Use this API to Get Chennai Gold

Introduction

In today's rapidly evolving financial landscape, the demand for real-time data on precious metals has surged, particularly for investors and developers looking to harness the power of technology in trading. One of the most sought-after metals is gold, represented by the symbol XAU. The ability to access historical prices and current market rates for gold can significantly enhance trading strategies and investment decisions. This is where the Metals-API comes into play, offering a robust solution for developers and traders alike.

About Gold (XAU)

Gold has long been regarded as a safe-haven asset, especially during times of economic uncertainty. Its intrinsic value and historical significance make it a preferred choice for investors. With the digital transformation in precious metals trading, the integration of data analytics and technology has revolutionized how market insights are derived. The Metals-API provides developers with the tools to innovate in price discovery and create digital asset solutions that can adapt to market changes in real-time.

Digital Transformation in Precious Metals

The digital transformation of the precious metals market is characterized by the integration of advanced technologies such as machine learning, big data analytics, and blockchain. These technologies enable traders to analyze vast amounts of data quickly, providing insights that were previously unattainable. The Metals-API Documentation outlines how developers can leverage these technologies to build applications that provide real-time data on gold prices, historical trends, and market fluctuations.

Data Analytics and Market Insights

Data analytics plays a crucial role in understanding market trends and making informed trading decisions. By utilizing the Metals-API, developers can access a wealth of historical data dating back to 2019. This data can be used to identify patterns, forecast future prices, and optimize trading strategies. The API's Historical Rates Endpoint allows users to query historical prices by appending a specific date, providing valuable insights into past market behavior.

Technology Integration in Trading

Integrating technology into trading processes enhances efficiency and accuracy. The Metals-API offers various endpoints that facilitate seamless integration into trading platforms. For instance, the Latest Rates Endpoint provides real-time exchange rate data, which can be updated every 60 minutes or even more frequently, depending on the subscription plan. This ensures that traders have access to the most current information, allowing them to make timely decisions.

Innovation in Price Discovery

Price discovery is a critical aspect of trading, and the Metals-API empowers developers to innovate in this area. With endpoints such as the Bid and Ask Endpoint, users can retrieve real-time bid and ask prices for gold and other metals. This information is essential for traders looking to execute orders at the best possible prices. The API's Convert Endpoint further enhances trading capabilities by allowing users to convert amounts between different metals and currencies, streamlining the trading process.

Digital Asset Solutions

The rise of digital assets has transformed the financial landscape, and gold is no exception. The Metals-API provides developers with the tools to create applications that cater to the growing demand for digital gold trading. By utilizing the API's comprehensive data, developers can build platforms that offer users the ability to trade gold as a digital asset, complete with real-time pricing and historical data analysis.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data for various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). The API's capabilities are designed to empower developers to build next-generation applications that leverage real-time metals data for trading, analysis, and investment purposes.

Key Features and Endpoints

The Metals-API offers a range of features and endpoints that cater to different needs:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on the user's subscription plan. Developers can use this data to display current market rates on their applications.
• Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. This endpoint allows for detailed analysis of price trends over time.
• Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices, essential for making informed trading decisions.
• Convert Endpoint: This endpoint allows users to convert amounts from one metal to another or to/from USD, facilitating seamless transactions.
• Time-Series Endpoint: Users can query the API for daily historical rates between two chosen dates, providing insights into price movements over specific periods.
• Fluctuation Endpoint: This endpoint tracks how currencies fluctuate on a day-to-day basis, offering valuable information for traders.
• Carat Endpoint: Users can retrieve information about gold rates by carat, which is particularly useful for jewelers and investors in the jewelry market.
• Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of metals over a specified period.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for specific time periods, which is crucial for technical analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, catering to users interested in industrial metals.
• API Key: The API requires a unique API key for authentication, ensuring secure access to data.
• API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
• Available Endpoints: The API features 14 endpoints, each providing different functionalities to meet diverse user needs.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, allowing users to stay informed about the latest offerings.
• News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them updated on market developments.

API Endpoint Examples and Responses

Understanding the API's responses is crucial for effective integration. Below are examples of JSON responses for various endpoints:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
"success": true,
"timestamp": 1769559553,
"base": "USD",
"date": "2026-01-28",
"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": 1769473153,
"base": "USD",
"date": "2026-01-27",
"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": "2026-01-21",
"end_date": "2026-01-28",
"base": "USD",
"rates": {
"2026-01-21": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-23": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-28": {
"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": 1769559553,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-21",
"end_date": "2026-01-28",
"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": 1769559553,
"base": "USD",
"date": "2026-01-28",
"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": 1769559553,
"base": "USD",
"date": "2026-01-28",
"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 Metals-API is a transformative tool for developers and traders looking to access real-time and historical data on precious metals, particularly gold (XAU). By leveraging the API's extensive features, including various endpoints for real-time rates, historical data, and conversion capabilities, users can enhance their trading strategies and make informed decisions. The integration of technology in trading processes not only improves efficiency but also opens up new avenues for innovation in price discovery and digital asset solutions.

For developers interested in exploring the full capabilities of the Metals-API, the Metals-API Documentation provides comprehensive guidance on implementation and usage. Additionally, the Metals-API Supported Symbols page offers a complete list of available metals and currencies, ensuring users have access to the latest information.

As the financial landscape continues to evolve, staying informed and utilizing advanced tools like the Metals-API will be essential for success in the precious metals market.