Access Kolkata Silver (XAG-KOLK) price data through this API

Access Kolkata Silver (XAG-KOLK) Price Data Through This API

In the ever-evolving landscape of commodities trading, having access to real-time data is crucial for developers and businesses alike. The Metals-API provides a robust solution for accessing price data for various metals, including Silver (XAG). This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, features, and how it can empower developers to create innovative applications that leverage real-time metals data.

About Silver (XAG)

Silver, represented by the symbol XAG, is not only a precious metal but also a critical component in various industrial applications. Its unique properties make it invaluable in sectors such as electronics, solar energy, and medical technology. The demand for silver is driven by its role in manufacturing, where it is used in conductive materials, batteries, and photovoltaic cells. As technology advances, the integration of silver into smart manufacturing processes is becoming more prevalent, highlighting the need for accurate and timely market data.

The digital market analysis of silver reveals trends that are essential for investors and manufacturers. With the rise of supply chain technology, businesses can now track silver prices in real-time, allowing for more informed decision-making. The Metals-API plays a pivotal role in this ecosystem by providing developers with the tools necessary to access and analyze silver price data efficiently.

API Description

The Metals-API is a powerful tool that offers developers access to real-time and historical price data for various metals, including silver. This API is designed with innovation and technological advancement in mind, enabling developers to build next-generation applications that can transform how businesses interact with metals data. The API's capabilities extend beyond mere price retrieval; it empowers users to analyze trends, perform conversions, and track fluctuations in metal prices.

For more detailed information, you can visit the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively. Additionally, the Metals-API Supported Symbols page lists all available metal symbols, including XAG for silver, ensuring developers can easily find the data they need.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Access historical rates for most metals dating back to 2019. By appending a specific date to your query, you can retrieve past prices, which is invaluable for trend analysis and forecasting.
  • Bid And Ask Endpoint: This endpoint allows you to retrieve real-time bid and ask prices for metals, providing insight into market dynamics and helping traders make informed decisions.
  • Convert Endpoint: The Metals-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 businesses operating in multiple currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature allows for in-depth analysis of price movements over time.
  • Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis, which can help in understanding market volatility.
  • Carat Endpoint: Access gold rates by carat, which is essential for jewelers and manufacturers in the jewelry industry.
  • Lowest/Highest Price Endpoint: This endpoint allows you to query the API to get the lowest and highest price for a specified date range, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Retrieve open, high, low, and close prices for a specific time period, which is crucial for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those involved in trading on the London Metal Exchange.
  • API Key: Your unique API key is essential for accessing the API's features. It must be included in the API base URL's access_key parameter.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data representation.
  • Available Endpoints: The Metals-API provides numerous endpoints, each with distinct functionalities, allowing for a wide range of applications.
  • Gold Price India Endpoint: Retrieve the latest gold price in India, which is particularly useful for local traders and investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

API Endpoint Examples and Responses

Understanding the API's responses is crucial for effective implementation. Here are some examples of how the API responds to various queries:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744081221,
    "base": "USD",
    "date": "2025-04-08",
    "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 the success of the request and provides the latest exchange rates for various metals, including silver (XAG).

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743994821,
    "base": "USD",
    "date": "2025-04-07",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to access historical rates for silver and other metals, allowing for analysis of past price movements.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-01",
    "end_date": "2025-04-08",
    "base": "USD",
    "rates": {
        "2025-04-01": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-03": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-08": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of exchange rates for silver, allowing developers to visualize trends over a specified period.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744081221,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The Convert Endpoint allows users to convert amounts between different metals and currencies, providing flexibility for various applications.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-01",
    "end_date": "2025-04-08",
    "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"
}

This endpoint provides insights into how metal prices fluctuate over time, which is crucial for traders and analysts.

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

{
    "success": true,
    "timestamp": 1744081221,
    "base": "USD",
    "date": "2025-04-08",
    "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 the open, high, low, and close prices for silver, which are essential for technical analysis and trading strategies.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744081221,
    "base": "USD",
    "date": "2025-04-08",
    "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"
}

This endpoint provides current bid and ask prices for silver, which is critical for traders looking to make quick decisions based on market conditions.

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data for silver and other metals. With its comprehensive range of endpoints, the API enables users to perform a variety of functions, from retrieving the latest rates to analyzing historical trends. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance decision-making processes in the commodities market.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive documentation available. Whether you are a seasoned developer or just starting, the Metals-API provides the tools you need to succeed in the dynamic world of metals trading.

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