Get Chennai Gold (XAU-CHEN) - Per Ounce prices using this API

Get Chennai Gold (XAU-CHEN) - Per Ounce Prices Using This API

In today's fast-paced financial landscape, the demand for real-time data on precious metals, particularly gold, has surged. The Metals-API offers a robust solution for developers looking to integrate gold pricing data into their applications. This blog post will delve into the intricacies of the XAU symbol, its markets, and how the Metals-API functions to provide accurate and timely information.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, is not just a metal; it is a cornerstone of the global economy. With the rise of digital transformation in precious metals trading, the integration of technology has revolutionized how investors and traders access market insights. The advent of data analytics has enabled stakeholders to make informed decisions based on real-time data, enhancing the overall trading experience.

As the world shifts towards digital asset solutions, the importance of accurate price discovery becomes paramount. The Metals-API plays a crucial role in this transformation, providing developers with the tools needed to build next-generation applications that can track gold prices effectively. By leveraging the API, developers can access a wealth of information that empowers them to create innovative solutions tailored to the needs of their users.

API Description

The Metals-API is designed to deliver real-time metals data, enabling developers to create applications that require up-to-date pricing information. The API's capabilities extend beyond mere price retrieval; it offers a comprehensive suite of features that can be utilized for various applications, from trading platforms to financial analysis tools.

With the Metals-API Website, developers can explore the full range of functionalities available. The API is built with innovation in mind, allowing for seamless integration into existing systems. Its transformative potential lies in its ability to provide real-time data that can significantly enhance decision-making processes in trading and investment.

Key Features and Endpoints

The Metals-API boasts several key features that cater to the diverse needs of developers. Each endpoint serves a specific purpose, allowing for a tailored approach to data retrieval. Here are some of the notable features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including gold. Depending on the subscription plan, updates can occur every 60 minutes or even more frequently. This feature is essential for traders who need the latest pricing information to make informed decisions.
• Historical Rates Endpoint: Access to historical rates dating back to 2019 allows developers to analyze trends over time. By appending a specific date to the API request, users can retrieve past pricing data, which is invaluable for market analysis and forecasting.
• Bid And Ask Endpoint: This powerful feature enables 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 buying and selling strategies.
• Convert Endpoint: The conversion feature allows users to convert amounts between different metals or to/from USD. This flexibility is vital for applications that require multi-currency support.
• Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice. This endpoint is particularly useful 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: For those interested in gold rates by carat, this endpoint allows users to retrieve specific pricing information based on carat weight.
• Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for a specified date, which is essential for understanding market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides comprehensive pricing data, including open, high, low, and close prices for a given date, allowing for detailed market analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market trends.
• API Key: Each user is assigned a unique API key, which is essential for authentication and access to the API's features.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data representation.
• Available Endpoints: The Metals-API offers a variety of endpoints, each designed to fulfill specific data retrieval needs.
• Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metals, allowing developers to stay informed about the latest offerings.
• Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional applications.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints, showcasing their functionality and the structure of the responses.

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744606817,
    "base": "USD",
    "date": "2025-04-14",
    "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 latest exchange rates for various metals, including gold (XAU). The timestamp and base currency (USD) are also included, ensuring clarity in the data provided.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744520417,
    "base": "USD",
    "date": "2025-04-13",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint allows users to access historical rates for a specific date, enabling trend analysis and market research.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-07",
    "end_date": "2025-04-14",
    "base": "USD",
    "rates": {
        "2025-04-07": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-09": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-14": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint provides a detailed view of how gold prices have changed over a specified period, which is essential for traders looking to identify patterns.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744606817,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint allows users to convert a specified amount from one currency to another, providing flexibility for applications that require multi-currency support.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-07",
    "end_date": "2025-04-14",
    "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, helping traders understand market volatility.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1744606817,
    "base": "USD",
    "date": "2025-04-14",
    "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 pricing data, including open, high, low, and close prices for a given date, allowing for detailed market analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744606817,
    "base": "USD",
    "date": "2025-04-14",
    "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 endpoint provides current bid and ask prices for metals, which is crucial for traders looking to optimize their buying and selling strategies.

Conclusion

The Metals-API is a powerful tool for developers seeking to integrate real-time gold pricing data into their applications. With its comprehensive suite of features, including the latest rates, historical data, and conversion capabilities, the API empowers users to make informed trading decisions. By leveraging the API's capabilities, developers can create innovative solutions that enhance the trading experience.

For more information on how to implement these features, refer to the Metals-API Documentation. To explore the full range of supported symbols, visit the Metals-API Supported Symbols page. The Metals-API Website is also a valuable resource for understanding the API's capabilities and potential applications.

In conclusion, the integration of real-time metals data through the Metals-API not only enhances trading strategies but also contributes to a more informed and efficient market. As the landscape of precious metals trading continues to evolve, the importance of accurate and timely data cannot be overstated.