Access Delhi Silver (XAG-DELH) Historical Prices Using Metals-API

Access Delhi Silver (XAG-DELH) Historical Prices Using Metals-API

In the world of precious metals, silver (XAG) holds a significant place due to its diverse industrial applications and investment potential. For developers and businesses looking to access historical prices of silver, the Metals-API offers a robust solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for silver, particularly in the context of the Delhi market.

About Silver (XAG)

Silver is not just a precious metal used for jewelry and coins; it plays a crucial role in various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. As industries evolve, the demand for silver continues to grow, driven by innovations in manufacturing and smart technologies.

In recent years, the digital market analysis of silver has gained traction, with data-driven insights guiding investment decisions. The integration of smart manufacturing technologies has further enhanced the efficiency of silver production, ensuring that supply chains are optimized and responsive to market demands. This is where the Metals-API comes into play, providing real-time data that empowers developers to create applications that can analyze and predict market trends effectively.

Metals-API Overview

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data on various metals, including silver. With its comprehensive set of features, the API enables users to build applications that can track price fluctuations, analyze trends, and make informed decisions based on accurate data. The API is designed with innovation in mind, allowing developers to harness the transformative potential of real-time metals data.

One of the standout features of the Metals-API is its ability to provide historical rates for most currencies dating back to 2019. This is particularly useful for developers looking to analyze trends over time or for businesses that need to reference historical data for reporting purposes. By appending a specific date to the API request, users can easily retrieve the historical prices of silver and other metals.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Below are some of the key features and their potential applications:

  • 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. This is essential for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Access historical exchange rates for any date since 1999. This endpoint is invaluable for developers looking to analyze price trends over time, allowing them to append a specific date to their API request.
  • Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for silver and other metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that need to display prices in different currencies.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice, making it easy to analyze trends over specific periods.
  • Fluctuation Endpoint: This endpoint provides information about how silver prices fluctuate on a day-to-day basis, helping developers track volatility and market trends.
  • Carat Endpoint: Retrieve information about gold rates by carat, which can be useful for applications focused on jewelry pricing.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest price of silver for a specified date, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can obtain the open, high, low, and close prices for silver, which are critical for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a broader context for market analysis.
  • API Key: Each user is assigned a unique API key that is passed into the API base URL's access_key parameter, ensuring secure access to the 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 Metals-API comes with numerous endpoints, each providing different functionalities tailored to various user needs.
  • Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to stay updated on the latest symbols supported by the API.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which can be beneficial for users interested in gold market trends.
  • News Endpoint: The API allows users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various API endpoints, showcasing their functionality and the structure of the responses.

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1745042415,
    "base": "USD",
    "date": "2025-04-19",
    "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": 1744956015,
    "base": "USD",
    "date": "2025-04-18",
    "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": "2025-04-12",
    "end_date": "2025-04-19",
    "base": "USD",
    "rates": {
        "2025-04-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-19": {
            "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": 1745042415,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-12",
    "end_date": "2025-04-19",
    "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) Price Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1745042415,
    "base": "USD",
    "date": "2025-04-19",
    "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": 1745042415,
    "base": "USD",
    "date": "2025-04-19",
    "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

Accessing historical prices for silver (XAG) in the Delhi market has never been easier, thanks to the comprehensive capabilities of the Metals-API. By leveraging the various endpoints offered by the API, developers can create powerful applications that provide real-time data, historical analysis, and insights into market trends. Whether you are looking to track price fluctuations, convert currencies, or analyze historical data, the Metals-API is equipped to meet your needs.

For more detailed information on how to implement these features, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. With the right tools and data at your disposal, you can stay ahead in the dynamic world of precious metals trading.

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