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Access Kanpur Gold 22k (KANP-22k) price data with this API

Access Kanpur Gold 22k (KANP-22k) price data with this API

Access Kanpur Gold 22k (KANP-22k) price data with this API

Access Kanpur Gold 22k (KANP-22k) Price Data with This API

In the rapidly evolving world of precious metals trading, having access to real-time data is crucial for making informed decisions. The Metals-API provides developers with the tools necessary to access comprehensive price data for various metals, including gold, silver, platinum, and palladium. In this blog post, we will delve into the capabilities of the Metals-API, focusing on how it can be utilized to access the Kanpur Gold 22k (KANP-22k) price data, along with insights into the markets and the technology that drives this innovative API.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a symbol of wealth and stability. In recent years, the digital transformation in precious metals has led to significant advancements in how gold is traded and valued. With the integration of data analytics and technology, traders can now access market insights that were previously unavailable. This transformation has paved the way for innovative price discovery mechanisms, allowing for more accurate valuations and trading strategies.

The rise of digital asset solutions has also impacted the gold market, enabling investors to trade gold in various forms, including digital tokens backed by physical gold. This shift not only enhances liquidity but also democratizes access to gold investments, making it easier for individuals and institutions alike to participate in the market.

API Description

The Metals-API is a powerful tool that provides real-time metals data, empowering developers to build next-generation applications. With its robust capabilities, the API allows users to access a wide range of features, including real-time exchange rates, historical data, and conversion functionalities. The API's design focuses on innovation and technological advancement, making it an essential resource for anyone involved in the trading of precious metals.

For detailed information on how to implement the API, developers can refer to the Metals-API Documentation, which provides comprehensive guidance on utilizing the API's features effectively.

Key Features and Endpoints

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

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently. This feature is essential for traders who need to make quick decisions based on the latest market conditions.
  • Historical Rates Endpoint: Access historical rates dating back to 2019. This endpoint allows users to query past prices by appending a specific date, enabling analysis of market trends over time.
  • Bid And Ask Endpoint: This feature retrieves real-time bid and ask prices for metals, providing traders with crucial information for executing trades at optimal prices.
  • Convert Endpoint: The API includes a currency conversion endpoint, allowing users to convert amounts between different metals or to/from USD. This is particularly useful for traders dealing with multiple currencies.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two specified dates, facilitating trend analysis and forecasting.
  • Fluctuation Endpoint: This endpoint provides information on how metal prices fluctuate on a day-to-day basis, helping traders understand market volatility.
  • Carat Endpoint: Retrieve gold rates by carat, which is essential for jewelers and consumers looking to understand the value of gold jewelry.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, aiding in market analysis and decision-making.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, which is vital for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for those trading on the London Metal Exchange.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API features numerous endpoints, each designed to provide specific functionalities tailored to user needs.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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 API responses is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745715996,
    "base": "USD",
    "date": "2025-04-27",
    "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 a successful request, providing the latest exchange rates for various metals relative to USD. The "rates" object contains the current price for each metal, which is essential for traders looking to make immediate decisions.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745629596,
    "base": "USD",
    "date": "2025-04-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for a specific date, allowing users to analyze past market conditions and trends. The ability to access historical data is invaluable for making informed trading decisions.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "base": "USD",
    "rates": {
        "2025-04-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates over a specified period, which is crucial for trend analysis and forecasting future price movements. Traders can utilize this data to identify patterns and make strategic decisions.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745715996,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates the conversion of an amount from USD to gold (XAU). The "result" field indicates the equivalent amount in troy ounces, which is essential for traders looking to convert currencies for trading purposes.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "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"
}

The fluctuation endpoint provides insights into how prices have changed over a specified period, including both absolute and percentage changes. This information is vital for traders looking to understand market volatility and make informed decisions.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1745715996,
    "base": "USD",
    "date": "2025-04-27",
    "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 response provides open, high, low, and close prices for a specific date, which is essential for technical analysis. Traders can use this data to identify trends and make predictions about future price movements.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745715996,
    "base": "USD",
    "date": "2025-04-27",
    "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/ask endpoint provides current bid and ask prices for metals, along with the spread. This information is crucial for traders looking to execute trades at the best possible prices.

Conclusion

In conclusion, the Metals-API offers a comprehensive suite of tools for accessing real-time and historical data on precious metals, including Kanpur Gold 22k (KANP-22k). With its innovative features and endpoints, developers can build robust applications that leverage this data for trading, analysis, and decision-making. The API's capabilities, such as real-time rates, historical data, and conversion functionalities, empower traders to navigate the complexities of the precious metals market effectively.

For more information on how to implement the API and explore its features, visit the Metals-API Documentation. To access a complete list of supported symbols, check out the Metals-API Supported Symbols page. The Metals-API Website serves as a valuable resource for developers looking to enhance their applications with real-time metals data.

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