Home
Blog
Fetch the latest Gold Ask (XAU-ASK) prices using this API

Fetch the latest Gold Ask (XAU-ASK) prices using this API

Fetch the latest Gold Ask (XAU-ASK) prices using this API

Fetch the Latest Gold Ask (XAU-ASK) Prices Using This API

In the ever-evolving landscape of financial technology, the demand for real-time data has never been more critical, especially in the precious metals market. Gold, represented by the symbol XAU, is a cornerstone of this market, serving as a safe haven for investors and a barometer of economic stability. With the advent of APIs like the Metals-API, developers can now access the latest Gold Ask prices and other vital data with ease. This blog post will delve into the intricacies of the Metals-API, exploring its capabilities, features, and how it empowers developers to create innovative applications in the realm of precious metals trading.

Metals-API Information

About Gold (XAU)

Gold has long been regarded as a valuable asset, not only for its intrinsic worth but also for its role in global finance. The digital transformation in precious metals trading has opened new avenues for investors and traders alike. With the integration of data analytics and market insights, stakeholders can make informed decisions based on real-time data. The Metals-API plays a pivotal role in this transformation, offering developers the tools needed to harness the power of technology in trading.

As the market for gold evolves, the need for innovative price discovery mechanisms becomes paramount. The Metals-API provides a robust framework that allows developers to access real-time and historical data, enabling them to build applications that can analyze trends, forecast prices, and optimize trading strategies. This API is not just a data provider; it is a catalyst for innovation in the financial technology space.

API Description

The Metals-API is designed to provide comprehensive access to precious metals data, including real-time prices, historical rates, and conversion functionalities. By leveraging this API, developers can create next-generation applications that offer users unparalleled insights into the metals market. The API's capabilities extend beyond mere data retrieval; it empowers developers to integrate advanced analytics and machine learning algorithms into their applications, enhancing the user experience and driving better decision-making.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, users can receive updates every 60 minutes, every 10 minutes, or even more frequently. This level of granularity is essential for traders who need to react swiftly to market fluctuations.

Key Features and Endpoints

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

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including gold. Developers can use this data to build applications that display current market prices, allowing users to make informed trading decisions.
  • Historical Rates Endpoint: Access to historical rates dating back to 2019 enables developers to analyze trends over time. By appending a specific date to the API request, users can retrieve past prices, which is invaluable for backtesting trading strategies.
  • Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals. Understanding the spread between these prices is crucial for traders looking to optimize their entry and exit points.
  • Convert Endpoint: The conversion functionality allows users to convert amounts between different metals or to/from USD. This is particularly useful for traders who operate in multiple currencies.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates. This feature is essential for analyzing price movements over specific periods.
  • Fluctuation Endpoint: This endpoint provides insights into how prices fluctuate on a day-to-day basis, helping traders understand market volatility.
  • Carat Endpoint: Users can retrieve gold rates by carat, which is particularly useful for jewelers and consumers looking to buy or sell gold jewelry.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices over a specified period, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides comprehensive price data, including open, high, low, and close prices for a specific time period, which is essential for technical analysis.
  • Historical LME Endpoint: Access to historical rates for LME symbols dating back to 2008 allows for in-depth analysis of market trends.
  • API Key: Each user is assigned a unique API key, which is required for authentication when making requests to the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency across data retrieval.
  • Available Endpoints: The Metals-API provides a comprehensive list of endpoints, each designed to meet specific user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring developers have access to the latest data.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold prices in India, catering to a specific market segment.
  • News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding the API's responses is crucial for effective implementation. Below are examples of JSON responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1748232015,
    "base": "USD",
    "date": "2025-05-26",
    "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"
}

The response indicates a successful request, providing the current exchange rates for various metals, including gold (XAU). The "unit" field specifies that the rates are per troy ounce, a standard measurement in the precious metals market.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1748145615,
    "base": "USD",
    "date": "2025-05-25",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for a specific date, allowing developers to analyze past market conditions. The "rates" object contains the exchange rates for gold and other metals, providing valuable data for trend analysis.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-19",
    "end_date": "2025-05-26",
    "base": "USD",
    "rates": {
        "2025-05-19": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-21": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-26": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for the specified period, allowing developers to visualize trends and fluctuations in gold prices over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748232015,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates the conversion of an amount from USD to gold (XAU). The "result" field indicates the equivalent amount in troy ounces, providing a straightforward way for users to understand the value of their currency in terms of gold.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-19",
    "end_date": "2025-05-26",
    "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"
}

The fluctuation endpoint provides insights into how prices have changed over a specified period. The "change" and "change_pct" fields are particularly useful for traders looking to gauge market volatility.

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

{
    "success": true,
    "timestamp": 1748232015,
    "base": "USD",
    "date": "2025-05-26",
    "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 endpoint provides comprehensive price data for a specific time period, essential for traders conducting technical analysis. The "open," "high," "low," and "close" fields allow for a detailed understanding of market movements.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1748232015,
    "base": "USD",
    "date": "2025-05-26",
    "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"
}

The bid/ask endpoint provides critical information for traders, allowing them to understand the current market conditions and make informed decisions based on the spread between buying and selling prices.

Conclusion

The Metals-API is a powerful tool for developers looking to integrate real-time precious metals data into their applications. By providing access to a wide range of endpoints, including the latest rates, historical data, and conversion functionalities, the API empowers users to make informed trading decisions based on accurate and timely information. As the market for precious metals continues to evolve, leveraging such innovative technologies will be essential for staying competitive.

For more information on how to implement these features, refer to the Metals-API Documentation and explore the comprehensive list of supported symbols on the Metals-API Supported Symbols page. By harnessing the capabilities of the Metals-API, developers can create applications that not only meet the demands of today’s market but also pave the way for future innovations in the precious metals trading space.

Ready to use Metals-API?

Try it now!

Search

Related Posts

Recent Posts