Get Bhopal Gold 24k (BHOP-24k) Monthly Historical Prices using this API

Introduction

In the world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For developers and traders interested in the gold market, the Bhopal Gold 24k (BHOP-24k) symbol represents a significant opportunity to track historical prices and trends. Utilizing the Metals-API provides a powerful tool for accessing real-time and historical data on gold and other metals. This blog post will explore how to effectively use the Metals-API to retrieve monthly historical prices for BHOP-24k, along with a comprehensive overview of the API's features, capabilities, and practical applications.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of the global financial system. As a precious metal, it serves not only as a store of value but also as a hedge against inflation and currency fluctuations. The digital transformation in the precious metals market has led to innovative solutions that leverage data analytics and technology integration to enhance trading strategies and price discovery.

With the rise of digital asset solutions, traders can now access real-time data, analyze market trends, and make informed decisions with unprecedented speed and accuracy. The integration of advanced analytics into trading platforms allows for deeper insights into market dynamics, enabling traders to capitalize on fluctuations in gold prices.

API Description

The Metals-API is a robust platform that provides developers with access to real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API empowers developers to build next-generation applications that can analyze market trends, track price movements, and facilitate trading strategies. With its innovative capabilities, the Metals-API is transforming how traders interact with precious metals data.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated frequently based on the user's subscription plan. This ensures that traders have access to the most current information, allowing them to make timely decisions. Additionally, the API supports a wide range of endpoints, each designed to cater to specific data retrieval needs, from historical rates to bid and ask prices.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that provide different functionalities, catering to the diverse needs of traders and developers. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint allows users to retrieve real-time exchange rate data for metals. Depending on the subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is essential for traders who need to stay informed about the latest market conditions.

{
    "success": true,
    "timestamp": 1747195218,
    "base": "USD",
    "date": "2025-05-14",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For those interested in analyzing trends over time, the Historical Rates Endpoint provides access to historical exchange rates dating back to 2019. Users can query the API for specific dates, allowing for in-depth analysis of price movements.

{
    "success": true,
    "timestamp": 1747108818,
    "base": "USD",
    "date": "2025-05-13",
    "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 users to retrieve real-time bid and ask prices for metals. This information is crucial for traders looking to execute buy or sell orders at optimal prices.

{
    "success": true,
    "timestamp": 1747195218,
    "base": "USD",
    "date": "2025-05-14",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows users to convert amounts between different metals or to/from USD. This feature is particularly useful for traders who need to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747195218,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two specified dates. This is particularly useful for analyzing trends over a defined period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-07",
    "end_date": "2025-05-14",
    "base": "USD",
    "rates": {
        "2025-05-07": {
            "XAU": 0.000485
        },
        "2025-05-14": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

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

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-07",
    "end_date": "2025-05-14",
    "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 the open, high, low, and close prices for a specific time period. This data is essential for technical analysis and understanding market trends.

{
    "success": true,
    "timestamp": 1747195218,
    "base": "USD",
    "date": "2025-05-14",
    "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 is particularly useful for traders interested in the London Metal Exchange data.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

Conclusion

In conclusion, the Metals-API offers a wealth of features that empower developers and traders to access real-time and historical data for precious metals, including gold. By leveraging the various endpoints, users can gain valuable insights into market trends, execute trades effectively, and analyze price movements over time. Whether you are looking to retrieve the latest rates, historical data, or perform conversions, the Metals-API provides the tools necessary for success in the precious metals market.

For more information on how to implement these features, visit the Metals-API Documentation. This resource provides detailed guidance on using the API effectively, ensuring that you can maximize the potential of your trading strategies. As the market continues to evolve, staying informed and utilizing advanced tools like the Metals-API will be key to navigating the complexities of precious metals trading.