Collect Yearly Historical Prices of SPDR Gold MiniShares (GLDM) using this API

Introduction

In the world of precious metals trading, the ability to collect yearly historical prices of SPDR Gold MiniShares (GLDM) is crucial for investors and analysts alike. With the rise of digital transformation in the financial sector, accessing accurate and timely data has never been more important. The Metals-API offers a robust solution for developers looking to integrate real-time and historical data into their applications, enabling them to make informed decisions based on market insights.

Understanding Gold and Its Market Dynamics

Gold, often referred to by its chemical symbol XAU, is not just a commodity; it is a digital asset that has seen a significant transformation in how it is traded and analyzed. The integration of technology in trading has opened up new avenues for data analytics, allowing investors to gain deeper insights into market trends. The innovation in price discovery mechanisms has made it easier for traders to understand fluctuations in gold prices, which are influenced by various factors including geopolitical events, economic indicators, and market sentiment.

Digital Transformation in Precious Metals

The digital transformation in the precious metals market has led to the development of sophisticated tools and platforms that allow for real-time data analysis. This shift has empowered traders to leverage data analytics for better decision-making. By utilizing APIs like Metals-API, developers can create applications that provide users with up-to-date information on gold prices, historical trends, and market fluctuations.

API Overview: Metals-API

The Metals-API is a powerful tool that provides access to real-time and historical data for various metals, including gold. This API is designed for developers who want to build next-generation applications that require accurate and timely metals data. With its extensive capabilities, the Metals-API allows users to retrieve exchange rates, historical prices, and even news related to metals, making it an invaluable resource for anyone involved in the trading of precious metals.

For more information, you can visit the Metals-API Website or check out the Metals-API Documentation.

Key Features of Metals-API

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

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, users can receive updates every 60 minutes or even every 10 minutes. This feature is essential for traders who need to stay informed about the latest market conditions.

{
"success": true,
"timestamp": 1777248916,
"base": "USD",
"date": "2026-04-27",
"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"
}

Historical Rates Endpoint

For those interested in analyzing trends over time, the Historical Rates endpoint allows users to access historical exchange rates dating back to 2019. By appending a specific date in the format YYYY-MM-DD, developers can retrieve historical data that is crucial for back-testing trading strategies.

{
"success": true,
"timestamp": 1777162516,
"base": "USD",
"date": "2026-04-26",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"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 vital for traders looking to execute trades at the best possible prices. The bid price represents the maximum price that a buyer is willing to pay, while the ask price is the minimum price a seller is willing to accept.

{
"success": true,
"timestamp": 1777248916,
"base": "USD",
"date": "2026-04-27",
"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"
}

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.

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1777248916,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series endpoint allows users to query the API for daily historical rates between two dates of their choice. This is particularly useful for analyzing trends over specific periods, enabling traders to make data-driven decisions.

{
"success": true,
"timeseries": true,
"start_date": "2026-04-20",
"end_date": "2026-04-27",
"base": "USD",
"rates": {
"2026-04-20": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-04-22": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-04-27": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for traders who want to understand the volatility of the metals market.

{
"success": true,
"fluctuation": true,
"start_date": "2026-04-20",
"end_date": "2026-04-27",
"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"
}

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

The OHLC Price endpoint provides users with the open, high, low, and close prices for a specific time period. This data is crucial for technical analysis and helps traders identify trends and potential reversal points.

{
"success": true,
"timestamp": 1777248916,
"base": "USD",
"date": "2026-04-27",
"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"
}

Historical LME Endpoint

The Historical LME endpoint provides access to historical rates for LME symbols dating back to 2008. This feature is particularly useful for traders interested in the London Metal Exchange prices.

{
"success": true,
"timestamp": 1777162516,
"base": "USD",
"date": "2026-04-26",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

API Key and Authentication

To access the Metals-API, users must obtain an API key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that only authorized users can access the data.

API Response Structure

The API responses are structured in a way that provides clarity and ease of use. Each response includes a success flag, a timestamp, the base currency, and the relevant rates. Understanding the structure of these responses is crucial for developers to effectively parse and utilize the data.

Practical Use Cases for Metals-API

The Metals-API can be utilized in various applications, from trading platforms to financial analysis tools. Here are some practical use cases:

Trading Applications

Developers can create trading applications that leverage real-time data from the Metals-API to provide users with the latest prices, historical trends, and analysis tools. By integrating the Latest Rates and OHLC endpoints, traders can make informed decisions based on current market conditions.

Financial Analysis Tools

Financial analysts can use the Historical Rates and Time-Series endpoints to conduct in-depth analyses of gold price trends over time. This data can be used to generate reports, forecasts, and investment strategies.

Market Research Platforms

Market researchers can utilize the Metals-API to gather data on price fluctuations and trends, enabling them to provide insights into market dynamics. The Fluctuation endpoint is particularly useful for understanding volatility and risk factors associated with gold trading.

Conclusion

In conclusion, the Metals-API provides a comprehensive solution for developers looking to access real-time and historical data on precious metals, including SPDR Gold MiniShares (GLDM). With its extensive range of endpoints, the API empowers users to build sophisticated applications that can analyze market trends, track price fluctuations, and make data-driven decisions. By leveraging the capabilities of the Metals-API, developers can stay ahead in the rapidly evolving world of precious metals trading.

For further exploration, be sure to check out the Metals-API Supported Symbols page for a complete list of available symbols and their specifications. The integration of such data into your applications can significantly enhance the user experience and provide valuable insights into the precious metals market.