Access KANP-24k Market Data with Metals-API

Access KANP-24k Market Data with Metals-API

About Kanpur Gold 24k (KANP-24k)

Metals-API Overview

Metals-API Documentation, which outlines the various endpoints and their functionalities.

Key Features and Endpoints

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for traders who need to stay updated with the latest market movements.
• Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical prices for KANP-24k, enabling them to analyze trends over time.
• Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The API includes a currency conversion feature, enabling users to convert any amount from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
• Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice. This endpoint is invaluable for conducting in-depth analyses of price movements over specific periods.
• Fluctuation Endpoint: This endpoint provides information about how metal prices fluctuate on a day-to-day basis, allowing traders to assess volatility and make informed decisions.
• Carat Endpoint: Users can retrieve information about gold rates by carat, which is essential for jewelers and traders dealing in various purities of gold.
• Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest prices for a specific date, providing insights into market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for a specific time period, which is crucial for technical analysis and trading strategies.
• 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 that must be included in API requests to authenticate and authorize access.
• 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 offers a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
• Gold Price India Endpoint: This dedicated endpoint retrieves the latest gold price in India, catering to local traders and investors.
• News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments.

Understanding API Responses

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1742342807,
    "base": "USD",
    "date": "2025-03-19",
    "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

{
    "success": true,
    "timestamp": 1742256407,
    "base": "USD",
    "date": "2025-03-18",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-12",
    "end_date": "2025-03-19",
    "base": "USD",
    "rates": {
        "2025-03-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-19": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1742342807,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-12",
    "end_date": "2025-03-19",
    "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

{
    "success": true,
    "timestamp": 1742342807,
    "base": "USD",
    "date": "2025-03-19",
    "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

{
    "success": true,
    "timestamp": 1742342807,
    "base": "USD",
    "date": "2025-03-19",
    "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"
}

Practical Use Cases and Integration Strategies

• Trading Platforms: Developers can use the Metals-API to create trading platforms that provide real-time data on metal prices, enabling users to make informed trading decisions.
• Financial Analysis Tools: By integrating historical data retrieval capabilities, financial analysts can build tools that analyze trends and forecast future price movements based on historical performance.
• Investment Applications: Investment apps can leverage the API to provide users with insights into the performance of their metal investments, including historical price charts and fluctuation analysis.
• Market Research: Researchers can utilize the API to gather data for market studies, analyzing how external factors influence metal prices over time.

Security Considerations

• API Key Management: Keep your API key secure and do not expose it in client-side code. Use environment variables or secure storage solutions to manage your keys.
• Rate Limiting: Be aware of the API's rate limits and implement strategies to handle potential throttling. This may include caching responses or queuing requests.
• Error Handling: Implement robust error handling to manage API errors gracefully. This includes retry mechanisms for transient errors and user-friendly error messages.
• Data Validation: Always validate and sanitize data received from the API to prevent injection attacks and ensure data integrity.

Conclusion

Metals-API Website and explore the Metals-API Supported Symbols for a complete list of available metal symbols. The future of trading and investment in precious metals is here, and the Metals-API is at the forefront of this digital transformation.