Fetch Mumbai Gold 24k (MUMB-24k) price information using this API

Introduction

In today's rapidly evolving financial landscape, the demand for real-time data on precious metals has surged, particularly for investors and traders interested in gold. The Metals-API provides a robust solution for fetching the latest price information for gold and other metals, including the 24k gold price in Mumbai (MUMB-24k). This blog post delves into the capabilities of the Metals-API, exploring how it empowers developers to create innovative applications that leverage real-time metals data.

Understanding Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. As digital transformation sweeps across industries, the precious metals market is no exception. The integration of technology in trading has revolutionized how investors access and analyze gold prices. With the advent of data analytics, market insights are now more accessible than ever, enabling traders to make informed decisions based on real-time data.

Digital Transformation in Precious Metals

The digital transformation of the precious metals market has led to the development of sophisticated trading platforms and tools. These innovations allow traders to monitor price fluctuations, analyze trends, and execute trades with unprecedented speed and accuracy. The Metals-API plays a crucial role in this transformation by providing developers with the tools needed to access real-time and historical gold price data.

Data Analytics and Market Insights

Data analytics has become a vital component of trading strategies. By utilizing the Metals-API, developers can build applications that analyze historical price data, identify trends, and provide insights into market behavior. This capability is essential for traders looking to optimize their strategies and maximize returns.

Technology Integration in Trading

The integration of technology in trading has led to the emergence of automated trading systems and algorithms that rely on real-time data. The Metals-API's ability to deliver up-to-date gold prices allows these systems to function effectively, ensuring that traders can capitalize on market movements as they happen.

Innovation in Price Discovery

Price discovery is a critical process in financial markets, and the Metals-API enhances this by providing accurate and timely data. With endpoints that deliver the latest rates, historical data, and fluctuation information, developers can create applications that facilitate better price discovery for gold and other metals.

Digital Asset Solutions

As the financial landscape continues to evolve, digital asset solutions are becoming increasingly important. The Metals-API enables developers to create applications that not only track gold prices but also facilitate transactions and conversions between different currencies and metals.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API is designed to empower developers to build next-generation applications that require accurate and timely metals data. With a user-friendly interface and comprehensive documentation, the Metals-API makes it easy for developers to integrate metals data into their applications.

For more information on how to get started, visit the Metals-API Documentation.

Key Features and Endpoints

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

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. This endpoint is essential for applications that require the most current pricing information.

{
    "success": true,
    "timestamp": 1750125624,
    "base": "USD",
    "date": "2025-06-17",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Access historical rates dating back to 2019 by appending a specific date to the API request. This feature is invaluable for traders looking to analyze past performance and trends.

{
    "success": true,
    "timestamp": 1750039224,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask endpoint allows you to retrieve real-time bid and ask prices for metals. This feature is crucial for traders who need to understand market depth and make informed trading decisions.

{
    "success": true,
    "timestamp": 1750125624,
    "base": "USD",
    "date": "2025-06-17",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert endpoint allows you 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": 1750125624,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series endpoint allows you to query the API for daily historical rates between two dates of your choice. This feature is beneficial for analyzing trends over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-10",
    "end_date": "2025-06-17",
    "base": "USD",
    "rates": {
        "2025-06-10": {
            "XAU": 0.000485
        },
        "2025-06-17": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

Using the Fluctuation endpoint, you can retrieve information about how currencies fluctuate on a day-to-day basis. This feature is essential for understanding market volatility.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-10",
    "end_date": "2025-06-17",
    "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 provides the open, high, low, and close prices for a specific time period. This data is crucial for technical analysis and trading strategies.

{
    "success": true,
    "timestamp": 1750125624,
    "base": "USD",
    "date": "2025-06-17",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Lowest/Highest Price Endpoint

The Lowest/Highest Price endpoint allows you to query the API to get the lowest and highest price for a specified date. This feature is useful for identifying price extremes.

{
    "success": true,
    "timestamp": 1750125624,
    "base": "USD",
    "date": "2025-06-17",
    "rates": {
        "XAU": {
            "lowest": 0.000481,
            "highest": 0.000487
        }
    },
    "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 beneficial for those interested in the London Metal Exchange pricing.

API Key and Response

Your API Key is a unique identifier that must be included in your API requests. The Metals-API returns exchange rates relative to USD by default, ensuring that you receive consistent and reliable data.

Available Endpoints

The Metals-API offers a comprehensive list of endpoints, each designed to provide specific functionalities. For a complete list of supported symbols, visit the Metals-API Supported Symbols page.

Gold Price India Endpoint

For those specifically interested in the Indian market, the Gold Price India endpoint allows you to retrieve the latest gold price in India. This feature is essential for traders operating in the Indian market.

News Endpoint

The Metals-API also includes a news endpoint that allows you to retrieve the latest news articles related to various metals. Staying informed about market trends and news is crucial for making informed trading decisions.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data on precious metals, particularly gold. With its extensive range of endpoints and capabilities, the API empowers developers to create innovative applications that enhance trading strategies and market analysis. By leveraging the API's features, developers can build solutions that provide valuable insights into the precious metals market.

For more information on how to implement the Metals-API in your applications, refer to the Metals-API Documentation and explore the various endpoints available. The future of trading in precious metals is here, and the Metals-API is at the forefront of this digital transformation.