Access Ludhiana Gold 24k (LUDH-24k) price information using this API

Access Ludhiana Gold 24k (LUDH-24k) Price Information Using Metals-API

In the 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 up-to-date information on various metals, including gold, silver, platinum, and palladium. This blog post will delve into the specifics of the XAU symbol, which represents gold, and explore how the Metals-API can be utilized to retrieve valuable market insights and price information.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, and in today's digital age, it is undergoing a transformation driven by technology. The digital transformation in precious metals trading is reshaping how investors and traders interact with the market. With the rise of data analytics and market insights, traders can now leverage real-time data to make more informed decisions.

Technology integration in trading platforms has enabled seamless transactions and improved user experiences. Innovations in price discovery mechanisms allow for more accurate valuations, while digital asset solutions provide new avenues for investment. The Metals-API plays a pivotal role in this landscape, offering developers the ability to build applications that can harness the power of real-time metals data.

Understanding Metals-API

The Metals-API is a powerful tool designed to provide developers with access to real-time and historical data on various metals. This API empowers developers to create next-generation applications that can analyze market trends, track price fluctuations, and convert currencies with ease. With its extensive capabilities, the Metals-API is an essential resource for anyone involved in the precious metals market.

For detailed information on how to utilize the API, developers can refer to the Metals-API Documentation, which outlines the various endpoints and their functionalities. The API supports a wide range of symbols, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD), among others. A complete list of supported symbols can be found on the Metals-API Supported Symbols page.

Key Features of Metals-API

The Metals-API offers a variety of endpoints that cater to different needs within the precious metals market. Each endpoint serves a unique purpose, allowing developers to access specific data points. Here are some of the key features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on the user's subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes, ensuring that users have access to the most current market information.
• Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API call, developers can retrieve past exchange rates, which is invaluable for trend analysis and forecasting.
• Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The conversion endpoint enables users to convert any amount from one metal to another or to/from USD, facilitating seamless transactions across different currencies.
• Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates, making it easier to analyze trends over time.
• Fluctuation Endpoint: Users can track how currencies fluctuate on a day-to-day basis, providing insights into market volatility and price movements.
• Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers interested in purchasing gold jewelry.
• Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, which is essential for understanding market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, allowing for comprehensive market analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, which is crucial for users interested in long-term market trends.
• API Key: Each user is assigned a unique API key that must be included in the 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.
• Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring that developers have access to the latest information.
• Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, catering to a specific market segment.
• News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments.

Detailed API Endpoint Documentation

Understanding the functionality of each endpoint is crucial for effective implementation. Below is a comprehensive overview of some key endpoints, including their purpose, parameters, and example responses.

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals. This endpoint is essential for developers looking to integrate current market data into their applications.

{
    "success": true,
    "timestamp": 1748998939,
    "base": "USD",
    "date": "2025-06-04",
    "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"
}

In the response, the success field indicates whether the request was successful. The timestamp provides the time of the request, while the base indicates the currency used for the exchange rates. The rates object contains the exchange rates for various metals, with each metal symbol as a key.

Historical Rates Endpoint

This endpoint allows users to access historical exchange rates for any date since 1999. It is particularly useful for analyzing trends over time.

{
    "success": true,
    "timestamp": 1748912539,
    "base": "USD",
    "date": "2025-06-03",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

The response structure is similar to the Latest Rates Endpoint, with the addition of the date field indicating the specific date for which the historical rates are provided.

Time-Series Endpoint

The Time-Series Endpoint allows users to retrieve exchange rates for a specific time period, making it easier to analyze market trends over time.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-28",
    "end_date": "2025-06-04",
    "base": "USD",
    "rates": {
        "2025-05-28": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-30": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-04": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response includes the start_date and end_date fields, allowing users to see the rates for each date within the specified range.

Convert Endpoint

The Convert Endpoint enables users to convert any amount from one metal to another or to/from USD, facilitating seamless transactions across different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748998939,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The response includes the query object, which details the conversion request, and the result field, which provides the converted amount.

Fluctuation Endpoint

This endpoint allows users to track rate fluctuations between two dates, providing insights into market volatility.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-28",
    "end_date": "2025-06-04",
    "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 response provides detailed information about the rate changes for each metal, including the change and change_pct fields, which indicate the absolute and percentage changes, respectively.

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

This endpoint provides open, high, low, and close prices for a specific time period, allowing for comprehensive market analysis.

{
    "success": true,
    "timestamp": 1748998939,
    "base": "USD",
    "date": "2025-06-04",
    "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"
}

The response includes fields for open, high, low, and close prices, providing a comprehensive view of market performance over the specified period.

Bid/Ask Endpoint

This endpoint provides current bid and ask prices for metals, offering insights into market liquidity and pricing dynamics.

{
    "success": true,
    "timestamp": 1748998939,
    "base": "USD",
    "date": "2025-06-04",
    "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 response includes the bid and ask prices for each metal, along with the spread, which is the difference between the bid and ask prices, indicating market liquidity.

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data on precious metals. By leveraging the various endpoints available, developers can create applications that provide insights into market trends, track price fluctuations, and facilitate seamless transactions. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and Conversion Endpoint, the Metals-API empowers users to make informed decisions in the dynamic world of precious metals trading.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the comprehensive Metals-API Documentation. To view the complete list of supported symbols, check out the Metals-API Supported Symbols page. Embrace the digital transformation in precious metals trading and unlock the potential of real-time data with Metals-API.