Get Chennai Gold 24k (CHEN-24k) prices using this API

Get Chennai Gold 24k (CHEN-24k) Prices Using This API

In today's digital age, the demand for real-time data in the precious metals market has surged, particularly for gold, which is often seen as a safe haven asset. For developers looking to integrate gold price data into their applications, the Metals-API provides a robust solution. This blog post will delve into the capabilities of the Metals-API, focusing on how it can help you access the latest Chennai Gold 24k (CHEN-24k) prices and other essential market insights.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, is one of the most sought-after precious metals in the world. Its value is influenced by various factors, including market demand, geopolitical stability, and currency fluctuations. The digital transformation in precious metals trading has led to the integration of advanced data analytics and technology, enabling traders and investors to make informed decisions based on real-time data.

With the rise of digital asset solutions, the importance of accurate and timely market insights cannot be overstated. The Metals-API stands at the forefront of this transformation, offering developers the tools they need to innovate in price discovery and trading technology. By leveraging this API, developers can create applications that provide users with up-to-the-minute gold prices, historical data, and analytical insights.

API Description

The Metals-API is a powerful tool that allows developers to access 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 its extensive capabilities, the Metals-API can be utilized for a wide range of applications, from financial analysis tools to e-commerce platforms that sell precious metals.

For more information about the API, you can visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

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: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, every 10 minutes, or even more frequently, depending on your subscription plan. This feature is crucial for applications that require up-to-date pricing information.
  • Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This is particularly useful for analyzing trends over time and making informed investment decisions.
  • Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals, allowing traders to gauge market sentiment and make timely decisions.
  • Convert Endpoint: This endpoint enables users to 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, providing insights into price movements over specific periods.
  • Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, giving users a clear picture of market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and consumers alike.
  • Lowest/Highest Price Endpoint: Get the lowest and highest prices for a specified date range, helping users identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for a specific time period, which is vital for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for comprehensive market analysis.
  • API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring you have the latest information.
  • Gold Price India Endpoint: Specifically designed to retrieve the latest gold price in India, this endpoint is invaluable for local traders and consumers.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping users stay informed about market trends.

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.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1743811541,
    "base": "USD",
    "date": "2025-04-05",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1743725141,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-29",
    "end_date": "2025-04-05",
    "base": "USD",
    "rates": {
        "2025-03-29": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-31": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-05": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743811541,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-29",
    "end_date": "2025-04-05",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1743811541,
    "base": "USD",
    "date": "2025-04-05",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1743811541,
    "base": "USD",
    "date": "2025-04-05",
    "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"
}

Conclusion

The Metals-API is an invaluable resource for developers looking to integrate real-time gold price data, including Chennai Gold 24k (CHEN-24k) prices, into their applications. With its extensive range of endpoints and capabilities, the API empowers developers to create innovative solutions that leverage accurate and timely metals data. By utilizing features such as the Latest Rates, Historical Rates, and Bid/Ask endpoints, developers can build applications that provide users with comprehensive market insights and facilitate informed trading decisions.

For further exploration of the API's capabilities, refer to the Metals-API Documentation and the Metals-API Supported Symbols page. The potential applications of this API are vast, making it a crucial tool for anyone involved in the precious metals market.

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