Fetch KANP-24k Pricing Information with Metals-API

Introduction

In the ever-evolving landscape of metal markets, the demand for accurate and real-time pricing information is paramount. For developers and businesses looking to integrate precious metal pricing into their applications, the Metals-API offers a robust solution. This blog post will delve into the specifics of fetching historical prices for Kanpur Gold 24k (KANP-24k) using the Metals-API, exploring its capabilities, features, and the transformative potential of real-time metals data.

Metals-API Information

About Kanpur Gold 24k (KANP-24k)

Kanpur Gold 24k, often referred to as KANP-24k, represents one of the purest forms of gold available in the market. As the demand for gold continues to rise, particularly in regions like India, understanding its pricing dynamics becomes crucial for investors and traders alike. The digital transformation in metal markets has paved the way for technological innovations that allow for real-time data analytics and insights. This shift is not just about convenience; it’s about leveraging smart technology to make informed decisions.

With the integration of data analytics, developers can harness the power of the Metals-API to gain insights into market trends, price fluctuations, and historical data. The future of gold trading is being shaped by these advancements, allowing for more strategic investment decisions and a deeper understanding of market behaviors.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical pricing data for various metals, including gold, silver, platinum, and palladium. This API empowers developers to build next-generation applications that require precise and timely metals data. The API's capabilities extend beyond mere price retrieval; it offers a suite of features designed to enhance user experience and application performance.

For more information, you can visit the Metals-API Website or refer to the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints that cater to different needs, making it a versatile choice for developers. Here are 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 feature is essential for applications that require up-to-the-minute pricing information. For instance, if you are developing a trading platform, having access to the latest rates can significantly enhance user engagement and decision-making.

{
    "success": true,
    "timestamp": 1742342967,
    "base": "USD",
    "date": "2025-03-19",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing market trends over time. The Historical Rates Endpoint allows users to query past prices dating back to 2019. This feature is particularly useful for developers looking to implement analytics tools that help users understand price movements and make informed decisions based on historical data.

{
    "success": true,
    "timestamp": 1742256567,
    "base": "USD",
    "date": "2025-03-18",
    "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 enables developers to retrieve real-time bid and ask prices for metals. This information is vital for traders who need to make quick decisions based on market conditions. Understanding the spread between bid and ask prices can also provide insights into market liquidity.

{
    "success": true,
    "timestamp": 1742342967,
    "base": "USD",
    "date": "2025-03-19",
    "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 applications that require currency conversion functionalities, enabling users to easily calculate the value of their investments across different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1742342967,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows developers to query the API for daily historical rates between two dates of their choice. This feature is essential for applications that require detailed historical analysis, enabling users to visualize trends and make predictions based on past performance.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-12",
    "end_date": "2025-03-19",
    "base": "USD",
    "rates": {
        "2025-03-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-19": {
            "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 particularly useful for traders who want to understand market volatility and make informed decisions based on price changes.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-12",
    "end_date": "2025-03-19",
    "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 open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make informed decisions. Understanding price movements within a given timeframe can significantly enhance trading strategies.

{
    "success": true,
    "timestamp": 1742342967,
    "base": "USD",
    "date": "2025-03-19",
    "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 beneficial for developers working with industrial metals, allowing for comprehensive analysis and reporting.

API Key and Response

Your API Key is essential for accessing the Metals-API. It must be included in the API base URL's access_key parameter. The API responses are delivered in JSON format, with exchange rates typically relative to USD. Understanding the structure of these responses is crucial for effective data handling and integration into applications.

Available Endpoints and Supported Symbols

The Metals-API offers a comprehensive range of endpoints, each providing unique functionalities. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to implement specific metal pricing in their applications.

Conclusion

In conclusion, the Metals-API provides a powerful suite of tools for developers seeking to integrate real-time and historical pricing information for precious metals like Kanpur Gold 24k (KANP-24k). With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion and fluctuation tools, developers can create applications that not only meet user needs but also leverage advanced data analytics for strategic decision-making.

As the metal markets continue to evolve, embracing technological advancements and data-driven insights will be crucial for staying competitive. By utilizing the Metals-API, developers can ensure they are equipped with the necessary tools to navigate this dynamic landscape effectively. For further exploration of the API's capabilities, visit the Metals-API Documentation for detailed guidance on implementation and best practices.