Access Micro Gold Futures (MGC) price data through this API

Access Micro Gold Futures (MGC) Price Data Through This API

In the ever-evolving landscape of financial markets, the demand for real-time data and analytics has never been higher. For developers and traders focused on precious metals, accessing accurate and timely price data is crucial. The Metals-API provides a robust solution for obtaining Micro Gold Futures (MGC) price data, along with a suite of features that empower developers to create innovative applications. This blog post will delve into the intricacies of the Metals-API, its capabilities, and how it can transform the way you interact with gold and other precious metals.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of financial markets. Its value is not only a reflection of economic conditions but also a safe haven during times of uncertainty. With the digital transformation sweeping across industries, the precious metals market is no exception. The integration of data analytics and technology is reshaping how traders and investors approach gold trading.

Through advanced data analytics, traders can gain insights into market trends and price movements, allowing for more informed decision-making. The Metals-API plays a pivotal role in this transformation by providing real-time data that can be leveraged for market analysis, trading strategies, and investment planning. By utilizing this API, developers can build applications that offer innovative solutions for price discovery and trading in gold and other precious metals.

API Description

The Metals-API is designed to provide developers with access to real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API is built with innovation in mind, enabling the creation of next-generation applications that can analyze and visualize metal prices effectively. With its comprehensive documentation, developers can easily integrate the API into their systems, ensuring they have the most up-to-date information at their fingertips.

For more details, you can visit the Metals-API Documentation to explore the full range of capabilities and features offered by this powerful tool.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints that cater to different needs and use cases. Here’s a closer look at some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for metals, updated at intervals depending on your subscription plan. This endpoint is essential for traders who need to stay informed about the latest price movements. For example, a subscription may allow updates every 60 minutes or even every 10 minutes, ensuring that users have access to the most current data.

{
        "success": true,
        "timestamp": 1750485699,
        "base": "USD",
        "date": "2025-06-21",
        "rates": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912,
            "XPD": 0.000744
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

Accessing historical rates is vital for trend analysis and forecasting. The Historical Rates Endpoint allows users to query rates dating back to 2019. By appending a specific date to the API call, developers can retrieve historical data that can be used for backtesting trading strategies or analyzing market behavior over time.

{
        "success": true,
        "timestamp": 1750399299,
        "base": "USD",
        "date": "2025-06-20",
        "rates": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "unit": "per troy ounce"
    }

Bid And Ask Endpoint

The Bid And Ask Endpoint is a powerful feature that provides real-time bid and ask prices for metals. This information is crucial for traders looking to make informed decisions about buying or selling. Depending on the subscription plan, users can access this data to optimize their trading strategies.

{
        "success": true,
        "timestamp": 1750485699,
        "base": "USD",
        "date": "2025-06-21",
        "rates": {
            "XAU": {
                "bid": 0.000481,
                "ask": 0.000483,
                "spread": 2.0e-6
            }
        },
        "unit": "per troy ounce"
    }

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who need to quickly assess the value of their holdings in different currencies or metals.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XAU",
            "amount": 1000
        },
        "info": {
            "timestamp": 1750485699,
            "rate": 0.000482
        },
        "result": 0.482,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series Endpoint allows users to query daily historical rates between two dates of their choice. This feature is invaluable for analyzing trends over specific periods and can assist traders in identifying patterns that may influence future price movements.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-06-14",
        "end_date": "2025-06-21",
        "base": "USD",
        "rates": {
            "2025-06-14": {
                "XAU": 0.000485
            },
            "2025-06-21": {
                "XAU": 0.000482
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how metal prices fluctuate over time. By tracking rate changes between two dates, traders can better understand market volatility and make more informed trading decisions.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-06-14",
        "end_date": "2025-06-21",
        "base": "USD",
        "rates": {
            "XAU": {
                "start_rate": 0.000485,
                "end_rate": 0.000482,
                "change": -3.0e-6,
                "change_pct": -0.62
            }
        },
        "unit": "per troy ounce"
    }

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

The OHLC Price Endpoint provides essential data for traders looking to analyze price movements within a specific time frame. This endpoint returns the open, high, low, and close prices, which are critical for technical analysis and trading strategies.

{
        "success": true,
        "timestamp": 1750485699,
        "base": "USD",
        "date": "2025-06-21",
        "rates": {
            "XAU": {
                "open": 0.000485,
                "high": 0.000487,
                "low": 0.000481,
                "close": 0.000482
            }
        },
        "unit": "per troy ounce"
    }

Historical LME Endpoint

The Historical LME Endpoint allows users to access historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for those interested in the London Metal Exchange prices and trends.

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.

Conclusion

The Metals-API is an invaluable resource for developers and traders in the precious metals market. With its extensive features and capabilities, it empowers users to access real-time and historical data, analyze market trends, and make informed trading decisions. By leveraging the various endpoints, developers can create innovative applications that enhance the trading experience and provide deeper insights into market dynamics.

For more information about the API and its capabilities, visit the Metals-API Website and explore the documentation to get started on your journey to harnessing the power of real-time metals data.