Explore Faridabad Gold 24k (FARI-24k) Historical Pricing Data through Metals-API

Introduction

In the world of precious metals trading, understanding historical pricing data is crucial for making informed investment decisions. One of the most sought-after metals is gold, represented by the symbol XAU. This blog post will explore how to access and analyze historical pricing data for Faridabad Gold 24k (FARI-24k) using the Metals-API. With its innovative features and real-time data capabilities, Metals-API empowers developers to create applications that can analyze market trends and provide insights into gold pricing.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, often seen as a safe-haven asset during economic uncertainty. As the digital transformation continues to reshape various industries, the precious metals market is no exception. The integration of technology in trading has led to significant advancements in data analytics and market insights. Developers can leverage these advancements to innovate price discovery methods and create digital asset solutions that enhance trading strategies.

Digital Transformation in Precious Metals

The digital transformation of the precious metals market has opened new avenues for traders and investors. With the rise of blockchain technology and digital currencies, gold trading has evolved to incorporate these innovations. The Metals-API provides a seamless way to access real-time data, enabling developers to build applications that can track gold prices and analyze historical trends effectively.

Data Analytics and Market Insights

Data analytics plays a pivotal role in understanding market dynamics. By utilizing the Metals-API, developers can access a wealth of historical pricing data for gold. This data can be analyzed to identify patterns, trends, and fluctuations in gold prices over time. For instance, the Historical Rates Endpoint allows users to query historical prices dating back to 2019, providing a comprehensive view of price movements.

Technology Integration in Trading

Integrating technology into trading processes enhances efficiency and accuracy. The Metals-API offers various endpoints that facilitate real-time data retrieval, including the Latest Rates Endpoint, which provides up-to-date exchange rate data for gold and other metals. This integration allows traders to make timely decisions based on the latest market information.

Innovation in Price Discovery

Price discovery is a critical aspect of trading, and the Metals-API introduces innovative methods to enhance this process. By utilizing the Time-Series Endpoint, developers can access daily historical rates for gold between two specified dates. This feature enables users to analyze price trends over specific periods, facilitating better investment decisions.

Digital Asset Solutions

As the demand for digital asset solutions grows, the Metals-API stands out by providing a robust platform for accessing precious metals data. The Convert Endpoint allows users to convert amounts between different metals or currencies, making it easier to manage investments in a diverse portfolio.

API Description

The Metals-API is a powerful tool designed for developers looking to access real-time and historical data for precious metals. Its capabilities include a variety of endpoints that cater to different data needs, from retrieving the latest rates to analyzing historical trends. The API is built with innovation in mind, allowing developers to create next-generation applications that can transform the way precious metals are traded.

Key Features and Endpoints

Among the many features of the Metals-API, several endpoints stand out for their utility and functionality:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data for gold and other metals, updated every 60 minutes, every 10 minutes, or even more frequently.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, users can retrieve past pricing data.
  • Bid and Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for gold, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: This endpoint allows users to convert any amount from one currency to another, facilitating transactions across different markets.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two dates, enabling detailed analysis of price movements over time.
  • Fluctuation Endpoint: This feature provides information about how gold prices fluctuate on a day-to-day basis, helping traders understand market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, allowing for precise valuation of gold jewelry and other items.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of gold for a specified date, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides the open, high, low, and close prices for gold, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a broader context for market analysis.
  • API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to a specific market need.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context for market movements.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1744678992,
    "base": "USD",
    "date": "2025-04-15",
    "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

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1744592592,
    "base": "USD",
    "date": "2025-04-14",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-08",
    "end_date": "2025-04-15",
    "base": "USD",
    "rates": {
        "2025-04-08": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-10": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-15": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744678992,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-08",
    "end_date": "2025-04-15",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1744678992,
    "base": "USD",
    "date": "2025-04-15",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1744678992,
    "base": "USD",
    "date": "2025-04-15",
    "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"
}

Conclusion

Accessing historical pricing data for Faridabad Gold 24k (FARI-24k) through the Metals-API provides developers with the tools needed to analyze market trends and make informed trading decisions. With its comprehensive range of endpoints, the Metals-API empowers users to retrieve real-time data, historical prices, and market insights that are essential for successful trading in the precious metals market. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance the trading experience and provide valuable insights into the dynamics of gold pricing.

For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Visit the Metals-API Website to learn more about the features and capabilities of this powerful API.

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