Fetch Accurate Gurgaon Gold 22k (GURG-22k) Historical Prices Using Metals-API

Fetch Accurate Gurgaon Gold 22k (GURG-22k) Historical Prices Using Metals-API

In today's digital age, the demand for accurate and real-time data has never been higher, especially in the precious metals market. For those interested in tracking the historical prices of gold, particularly the Gurgaon Gold 22k (GURG-22k), the Metals-API provides a robust solution. This blog post will delve into how you can effectively use the Metals-API to fetch historical prices, explore the intricacies of gold trading, and understand the technological advancements that are shaping the future of precious metals trading.

About Gold (XAU)

Gold, represented by the symbol XAU, has been a cornerstone of wealth and value for centuries. Its allure is not just in its physical properties but also in its role as a hedge against inflation and economic uncertainty. As digital transformation sweeps across various sectors, the precious metals market is also witnessing significant changes. The integration of data analytics and market insights is revolutionizing how traders and investors approach gold trading.

With the rise of technology in trading, the way prices are discovered has evolved. Innovations such as algorithmic trading and real-time data feeds have enabled traders to make informed decisions quickly. The Metals-API stands at the forefront of this transformation, providing developers with the tools needed to build next-generation applications that can analyze and interpret gold price movements effectively.

Understanding Metals-API

The Metals-API is a powerful JSON API that offers real-time and historical data for various metals, including gold, silver, platinum, and palladium. It empowers developers to create applications that can fetch accurate metal prices, perform currency conversions, and analyze market trends. The API's capabilities extend beyond mere data retrieval; it allows for comprehensive analysis and integration into trading platforms, financial applications, and investment tools.

One of the standout features of the Metals-API is its ability to provide historical rates dating back to 2019. This is particularly useful for traders looking to analyze price trends over time. By appending a specific date to the API request, users can access historical prices for gold and other metals, enabling them to make data-driven decisions.

Key Features of Metals-API

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

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This ensures that traders 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 date to the API request, you can retrieve the historical price of gold, which is essential for trend analysis.
  • Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD, facilitating seamless transactions.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, making it easier to analyze price movements over specific periods.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers looking to understand the value of gold jewelry.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API to get the lowest and highest prices for gold over a specified period, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can retrieve open, high, low, and close prices for gold, which are critical for technical analysis.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for comprehensive market analysis.
  • API Key: Each user is assigned a unique API key that must be included in API requests to authenticate and authorize access.
  • API Response: The API returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • 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: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: This feature allows users to retrieve the latest news articles related to various metals, keeping traders informed about market developments.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Here are some examples of the API responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1742169887,
    "base": "USD",
    "date": "2025-03-17",
    "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 that the latest gold price (XAU) is 0.000482 per troy ounce, relative to USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1742083487,
    "base": "USD",
    "date": "2025-03-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical price of gold on March 16, 2025, allowing traders to analyze past performance.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-10",
    "end_date": "2025-03-17",
    "base": "USD",
    "rates": {
        "2025-03-10": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-12": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-17": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of gold prices over a specified period, which is essential for trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1742169887,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates that 1000 USD converts to 0.482 troy ounces of gold, providing valuable information for traders looking to make purchases.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-10",
    "end_date": "2025-03-17",
    "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 response provides insights into how gold prices have fluctuated over a specific period, which is crucial for understanding market dynamics.

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

{
    "success": true,
    "timestamp": 1742169887,
    "base": "USD",
    "date": "2025-03-17",
    "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 gold, which are essential for technical analysis and trading strategies.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1742169887,
    "base": "USD",
    "date": "2025-03-17",
    "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 response provides the current bid and ask prices for gold, which are critical for traders looking to execute buy or sell orders.

Conclusion

The Metals-API is a transformative tool for developers and traders in the precious metals market. By leveraging its extensive features, including real-time data, historical rates, and various endpoints, users can gain valuable insights into gold prices, particularly for Gurgaon Gold 22k (GURG-22k). The API's capabilities not only enhance trading strategies but also empower developers to create innovative applications that can analyze and interpret market data effectively.

As the digital landscape continues to evolve, the integration of technology in trading will only become more pronounced. The Metals-API stands as a testament to this evolution, providing the necessary tools for developers to navigate the complexities of the precious metals market. For more information, explore the Metals-API Documentation, check the Metals-API Supported Symbols, and visit the Metals-API Website to get started on your journey towards mastering gold price analytics.

Ready to use Metals-API?

Try it now!

Recent Posts