Fetch Nagpur Gold 24k (NAGP-24k) Historical Prices from Metals-API

Fetch Nagpur Gold 24k (NAGP-24k) Historical Prices from Metals-API

In the world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. One of the most sought-after metals is gold, represented by the symbol XAU. This blog post will delve into how to fetch historical prices for Nagpur Gold 24k (NAGP-24k) using the Metals-API. We will explore the capabilities of the Metals-API, its various endpoints, and how developers can leverage this powerful tool to gain insights into gold pricing trends.

About Gold (XAU)

Gold has always been a symbol of wealth and stability. In recent years, the digital transformation in precious metals trading has revolutionized how investors and traders access market data. The integration of data analytics and technology has enabled market participants to gain deeper insights into price movements and trends. With the rise of digital asset solutions, gold trading has become more accessible, allowing for innovation in price discovery.

The Metals-API provides a robust platform for developers to access real-time and historical data on gold prices. This API empowers users to build next-generation applications that can analyze market trends, perform data analytics, and provide valuable insights to traders and investors alike.

Metals-API Overview

The Metals-API is a comprehensive JSON API that offers real-time and historical data for various metals, including gold, silver, platinum, and palladium. The API is designed to be user-friendly, allowing developers to easily integrate it into their applications. With a wide range of endpoints, the Metals-API provides access to the latest rates, historical data, conversion rates, and much more.

Key Features of Metals-API

The Metals-API offers several key features that make it an invaluable resource for developers:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data for metals, updated every 60 minutes or even more frequently. This allows traders to stay informed about the latest market conditions.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past prices for gold and other metals.
  • Bid and Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: Easily convert any amount from one metal to another or to/from USD, facilitating seamless transactions and calculations.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, allowing for in-depth analysis of price trends over time.
  • Fluctuation Endpoint: Track how currencies fluctuate on a day-to-day basis, providing insights into market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers interested in specific gold qualities.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, helping traders identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for a specific time period, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
  • API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
  • API Response: Exchange rates are delivered relative to USD, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals supported by the API.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: Stay updated with the latest news articles related to various metals, enhancing your market knowledge.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of API responses is crucial for effective data utilization. Below are examples of various API responses and their significance:

Latest Rates Endpoint

This endpoint provides real-time exchange rates for all available metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1745388019,
    "base": "USD",
    "date": "2025-04-23",
    "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"
}

In this response, the rates object contains the current exchange rates for various metals, with gold (XAU) priced at 0.000482 per troy ounce.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999. Here’s an example response:

{
    "success": true,
    "timestamp": 1745301619,
    "base": "USD",
    "date": "2025-04-22",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response indicates the historical price of gold on April 22, 2025, allowing traders to analyze past performance.

Time-Series Endpoint

Get exchange rates for a specific time period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-16",
    "end_date": "2025-04-23",
    "base": "USD",
    "rates": {
        "2025-04-16": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-18": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-23": {
            "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, allowing for trend analysis.

Convert Endpoint

Convert any amount from one metal to another or to/from USD. Here’s an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745388019,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the conversion of 1000 USD to gold, resulting in 0.482 troy ounces.

Fluctuation Endpoint

Track rate fluctuations between two dates. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-16",
    "end_date": "2025-04-23",
    "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 changed over a specified period, highlighting both absolute and percentage changes.

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

Get OHLC data for a specific time period. Here’s an example response:

{
    "success": true,
    "timestamp": 1745388019,
    "base": "USD",
    "date": "2025-04-23",
    "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 a comprehensive view of the price movements for gold, silver, and platinum over a specific day, essential for traders conducting technical analysis.

Bid/Ask Endpoint

Get current bid and ask prices for metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1745388019,
    "base": "USD",
    "date": "2025-04-23",
    "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, silver, and platinum, allowing traders to assess market conditions and make informed decisions.

Practical Use Cases and Integration Strategies

Developers can leverage the Metals-API in various ways to enhance their applications:

  • Market Analysis Tools: Create applications that analyze historical price data to identify trends and make predictions about future price movements.
  • Trading Platforms: Integrate real-time pricing data into trading platforms to provide users with up-to-date information for making trades.
  • Investment Tracking: Build tools that allow users to track their investments in precious metals, providing insights into performance over time.
  • Educational Resources: Develop educational platforms that teach users about precious metals trading, utilizing real-time data to enhance learning.

Common Developer Questions

As developers begin to work with the Metals-API, they may have several questions:

How do I authenticate with the Metals-API?

Authentication is done using your unique API key, which must be included in the access_key parameter of your API requests. This ensures secure access to the API.

What are the rate limits for the Metals-API?

Rate limits vary depending on your subscription plan. It is essential to review the documentation to understand your specific limits and avoid exceeding them.

How do I handle errors in API responses?

API responses will include error codes and messages that can help you troubleshoot issues. Implementing robust error handling in your application will ensure a smooth user experience.

Performance Optimization and Security Considerations

When integrating the Metals-API into your applications, consider the following best practices:

  • Data Caching: Implement caching strategies to reduce the number of API calls and improve application performance.
  • Rate Limiting: Monitor your API usage to stay within your plan's limits and avoid service interruptions.
  • Data Validation: Always validate and sanitize data received from the API to prevent security vulnerabilities.

Conclusion

In conclusion, the Metals-API offers a powerful solution for developers looking to access real-time and historical data for precious metals, including gold. By leveraging its various endpoints, developers can create innovative applications that provide valuable insights into market trends and pricing dynamics. Whether you are building a trading platform, a market analysis tool, or an educational resource, the Metals-API provides the necessary data and functionality to succeed. For more information, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals.

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