Access Kolkata Silver (XAG-KOLK) market prices with this API

Access Kolkata Silver (XAG-KOLK) Market Prices with this API

In today's fast-paced financial landscape, having access to real-time market data is crucial for developers and businesses alike. The XAG symbol represents silver, a precious metal that plays a significant role not only in investment portfolios but also in various industrial applications. This blog post will delve into the capabilities of the Metals-API, which provides comprehensive access to silver market prices, including those specific to Kolkata. We will explore the innovative features of this API, its endpoints, and how it can empower developers to create next-generation applications.

About Silver (XAG)

Silver, denoted by the symbol XAG, is not just a valuable asset for investors; it is also a critical component in numerous industrial applications. From electronics to solar panels, silver's conductivity and reflectivity make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced the demand for silver, making real-time data access essential for businesses operating in these sectors.

As industries evolve, the need for accurate digital market analysis becomes paramount. The Metals-API provides developers with the tools to analyze silver prices, track market trends, and make informed decisions based on real-time data. By leveraging this API, businesses can integrate silver pricing into their applications, enhancing their offerings and providing users with valuable insights.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data for various metals, including silver. It offers a range of endpoints that cater to different needs, from retrieving the latest market rates to accessing historical data for analysis. The API's capabilities are built on the foundation of technological advancement, enabling developers to harness the transformative potential of real-time metals data.

With the Metals-API, developers can create applications that not only display current silver prices but also analyze trends over time, making it an invaluable resource for financial analysts, traders, and businesses in the manufacturing sector. For more information, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that provide different functionalities, allowing developers to tailor their applications to specific needs. Here are some of the key features:

• Latest Rates Endpoint: This endpoint returns real-time exchange rate data for silver and other metals. Depending on your subscription plan, updates can occur every 60 minutes or even more frequently. This feature is crucial for applications that require up-to-the-minute pricing information.
• Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past prices, enabling trend analysis and market research.
• Bid and Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for silver, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The conversion endpoint enables users to convert amounts between different metals or to/from USD. This is particularly useful for applications that require multi-metal pricing capabilities.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is ideal for analyzing price movements over specific periods.
• Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis. This endpoint provides valuable insights into market volatility, helping traders make informed decisions.
• Carat Endpoint: Retrieve information about gold rates by carat, which can be useful for applications focused on jewelry and precious metals.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for silver over a specified period, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for silver, essential for traders looking to analyze market performance.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
• API Key: Your unique API key is essential for accessing the API's features. It must be included in your requests to authenticate your access.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
• Available Endpoints: The API offers a constantly updated list of all available endpoints, ensuring developers have access to the latest features.
• Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing developers to easily identify which metals they can work with.
• Gold Price India Endpoint: Retrieve the latest gold price in India, which can be integrated into applications focused on the Indian market.
• 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 how to interact with the Metals-API is crucial for effective implementation. Below are examples of various API endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745118017,
    "base": "USD",
    "date": "2025-04-20",
    "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"
}

The response above indicates a successful request, providing the latest rates for various metals, including silver (XAG). The rates are presented per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745031617,
    "base": "USD",
    "date": "2025-04-19",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example demonstrates how to access historical rates for silver and other metals. The response includes the date of the rates, allowing for effective historical analysis.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-13",
    "end_date": "2025-04-20",
    "base": "USD",
    "rates": {
        "2025-04-13": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-15": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-20": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows developers to analyze price movements over a specific period. The response includes daily rates, making it easier to visualize trends.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745118017,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint is particularly useful for applications that require currency conversion. The response indicates the amount converted from USD to gold (XAU), providing the result in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-13",
    "end_date": "2025-04-20",
    "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 silver prices change over time. This information is vital for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1745118017,
    "base": "USD",
    "date": "2025-04-20",
    "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 open, high, low, and close prices for silver, which are essential for traders and analysts looking to evaluate market performance.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745118017,
    "base": "USD",
    "date": "2025-04-20",
    "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 crucial information about the current market conditions for silver, including the bid and ask prices, which are essential for making trading decisions.

Conclusion

The Metals-API is a powerful resource for developers looking to access real-time and historical data for silver and other metals. By leveraging its various endpoints, businesses can create applications that provide valuable insights into market trends, pricing fluctuations, and historical performance. The integration of this API into applications not only enhances functionality but also empowers users with the information they need to make informed decisions.

For developers interested in exploring the full capabilities of the Metals-API, I encourage you to visit the Metals-API Documentation for detailed guidance on implementation, and check the Metals-API Supported Symbols page to familiarize yourself with the available metal symbols. With the right tools and data at your fingertips, you can unlock the potential of silver trading and analysis.