Fetch Madurai Gold 22k (MADU-22k) prices using this API

Introduction

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is crucial for developers and traders alike. The Madurai Gold 22k (MADU-22k) prices can be efficiently fetched using the Metals-API, a powerful tool designed to provide comprehensive insights into various metal markets, including gold, silver, platinum, and more. This blog post will delve into the capabilities of the Metals-API, exploring its features, endpoints, and the transformative potential it offers for developers looking to innovate in the precious metals sector.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As digital transformation sweeps across industries, the precious metals market is no exception. The integration of data analytics and technology in trading has revolutionized how investors approach gold trading. With the Metals-API, developers can leverage real-time data to gain market insights, enabling them to make informed decisions based on accurate and timely information.

In recent years, innovations in price discovery have emerged, allowing traders to access gold prices with unprecedented speed and accuracy. The Metals-API stands at the forefront of this transformation, offering digital asset solutions that empower developers to create next-generation applications. By utilizing the API, developers can integrate real-time gold pricing into their platforms, enhancing user experience and driving engagement.

API Description

The Metals-API is a robust JSON API that provides real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API is designed to empower developers by providing them with the tools necessary to build applications that require accurate and timely metals data. With its innovative capabilities, the Metals-API enables users to access a wealth of information, from the latest market rates to historical trends.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated at intervals depending on the user's subscription plan. This means that developers can choose to receive updates every 60 minutes, every 10 minutes, or even more frequently, ensuring that they always have the most current information at their fingertips.

Additionally, the API offers a variety of endpoints that cater to different needs, such as retrieving historical rates, converting currencies, and tracking fluctuations over time. This flexibility allows developers to create tailored solutions that meet the specific demands of their applications.

Key Features and Endpoints

The Metals-API boasts a comprehensive suite of features that cater to a wide range of use cases. Below are some of the key endpoints and their functionalities:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for all available metals. Depending on your subscription plan, this endpoint can return updates every 60 minutes or more frequently. This feature is essential for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1744340419,
    "base": "USD",
    "date": "2025-04-11",
    "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. The Historical Rates Endpoint allows users to query historical exchange rates dating back to 2019. By appending a specific date to the request, developers can retrieve valuable data for analysis.

{
    "success": true,
    "timestamp": 1744254019,
    "base": "USD",
    "date": "2025-04-10",
    "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 enables developers to retrieve real-time bid and ask prices for metals. This information is vital for traders looking to make informed decisions based on current market conditions.

{
    "success": true,
    "timestamp": 1744340419,
    "base": "USD",
    "date": "2025-04-11",
    "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 applications that require currency conversion capabilities.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744340419,
        "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 invaluable for analyzing trends over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-04",
    "end_date": "2025-04-11",
    "base": "USD",
    "rates": {
        "2025-04-04": {
            "XAU": 0.000485
        },
        "2025-04-11": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This data is essential for traders looking to understand market volatility and make informed decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-04",
    "end_date": "2025-04-11",
    "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 allows users to retrieve open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make trading decisions.

{
    "success": true,
    "timestamp": 1744340419,
    "base": "USD",
    "date": "2025-04-11",
    "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 provides access to historical rates for LME symbols, dating back to 2008. This endpoint is particularly useful for developers working with industrial metals.

{
    "success": true,
    "timestamp": 1744254019,
    "base": "USD",
    "date": "2025-04-10",
    "rates": {
        "XCU": 0.294118
    },
    "unit": "per troy ounce"
}

API Key and Authentication

Your API Key is a unique identifier that must be included in every request to the Metals-API. This key is passed into the API base URL's access_key parameter, ensuring that only authorized users can access the data. Proper management of your API key is essential for maintaining security and preventing unauthorized access.

API Response Structure

All data returned by the Metals-API is structured in JSON format, making it easy for developers to parse and utilize the information in their applications. The response typically includes fields such as success, timestamp, base, date, and rates. Understanding the significance of each field is crucial for effective data handling.

Common Use Cases and Integration Strategies

The Metals-API can be integrated into various applications, providing developers with the flexibility to create tailored solutions. Here are some common use cases:

Trading Platforms: Integrate real-time gold pricing into trading platforms to enhance user experience and facilitate informed trading decisions.
Market Analysis Tools: Use historical data to build analytical tools that help users identify trends and make predictions based on past performance.
Financial Applications: Incorporate currency conversion features to allow users to easily convert between different metals and fiat currencies.

Performance Optimization and Security Considerations

When integrating the Metals-API into applications, developers should consider performance optimization strategies such as caching frequently accessed data to reduce API calls and improve response times. Additionally, implementing robust security measures, including secure storage of API keys and regular monitoring of usage patterns, is essential for safeguarding sensitive information.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data for precious metals, including Madurai Gold 22k (MADU-22k). With its comprehensive features and endpoints, the API empowers users to build innovative applications that enhance trading experiences and provide valuable market insights. By leveraging the capabilities of the Metals-API, developers can stay ahead in the competitive landscape of precious metals trading.

For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metal symbols. To access the API, head over to the Metals-API Website and begin your journey into the world of real-time metals data.

Ready to use Metals-API?

Try it now!

Documentation

API Endpoints

Knowledge Base