Get Coimbatore Gold 22k (COIM-22k) Daily Closing Prices using this API

In today's digital age, the demand for accurate and real-time financial data has never been higher. For those interested in precious metals, particularly gold, accessing reliable historical prices is crucial for making informed investment decisions. This blog post will delve into the world of gold, specifically focusing on the Gold (XAU) symbol, and how to retrieve historical prices using the Metals-API. We will explore the innovative features of this API, its capabilities, and how it empowers developers to create next-generation applications in the realm of precious metals trading.

About Gold (XAU)

Gold has been a symbol of wealth and prosperity for centuries. In recent years, the digital transformation in the precious metals market has revolutionized how investors access and analyze gold prices. The integration of data analytics and technology in trading has opened new avenues for market insights, enabling traders to make data-driven decisions. With the rise of digital asset solutions, gold is no longer just a physical commodity; it has become a digital asset that can be traded and analyzed in real-time.

As a developer or trader, understanding the dynamics of gold pricing is essential. The XAU symbol represents one troy ounce of gold, and its price is influenced by various factors, including market demand, geopolitical stability, and economic indicators. The Metals-API provides a comprehensive solution for accessing real-time and historical gold prices, making it an invaluable tool for anyone involved in the precious metals market.

Metals-API Overview

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including gold, silver, platinum, and palladium. This API is built with innovation and technological advancement in mind, allowing users to access a wealth of information that can be leveraged for trading, analysis, and investment strategies.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can provide updates every 60 minutes, every 10 minutes, or even more frequently. This level of granularity ensures that traders have access to the most current information, enabling them to react swiftly to market changes.

Key Features of Metals-API

The Metals-API offers a variety of endpoints, each designed to serve specific needs in the realm of metals trading. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. For example, a request to this endpoint might return the current price of gold (XAU) along with other metals like silver (XAG) and platinum (XPT).
Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. This is particularly useful for analyzing trends and making informed decisions based on past performance.
Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insight into market liquidity and pricing dynamics.
Convert Endpoint: The Metals-API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD.
Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates, making it easier to analyze price movements over time.
Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
Carat Endpoint: This feature allows users to retrieve gold rates by carat, catering to those interested in specific quality measurements.
Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date range, aiding in market analysis.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, which is essential for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for comprehensive market analysis.
API Key: Each user is assigned a unique API key, which is required to access the API's features securely.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to regional market needs.
News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of the API responses is crucial for effective implementation. Here are some examples of typical responses you might encounter:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1752537696,
    "base": "USD",
    "date": "2025-07-15",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates a successful request, providing the current rates for various metals, including gold (XAU). The timestamp and base currency (USD) are also included for clarity.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1752451296,
    "base": "USD",
    "date": "2025-07-14",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical rates for a specific date, allowing users to analyze past performance and trends.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-07-08",
    "end_date": "2025-07-15",
    "base": "USD",
    "rates": {
        "2025-07-08": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-10": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-15": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response illustrates how to retrieve exchange rates for a specific time period, enabling users to visualize trends and fluctuations over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1752537696,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows how to convert a specified amount from one currency to another, providing both the conversion rate and the result.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-07-08",
    "end_date": "2025-07-15",
    "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
        }
    },
    "unit": "per troy ounce"
}

This response provides insights into how metal prices fluctuate over a specified period, which is essential for understanding market volatility.

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

{
    "success": true,
    "timestamp": 1752537696,
    "base": "USD",
    "date": "2025-07-15",
    "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
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides critical data for traders, allowing them to analyze price movements throughout the trading day.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1752537696,
    "base": "USD",
    "date": "2025-07-15",
    "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"
}

This response provides the current bid and ask prices for metals, which is essential for understanding market liquidity and making informed trading decisions.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, several common questions may arise:

How do I authenticate with the Metals-API?

Authentication is straightforward. Each user is assigned a unique API key, which must be included in the request URL as a parameter. This key ensures that only authorized users can access the API's features.

What are the rate limits for API requests?

Rate limits vary based on the subscription plan. It's essential to review the plan details to understand how many requests can be made within a specific timeframe. Exceeding these limits may result in temporary access restrictions.

How can I handle errors in API responses?

The Metals-API provides clear error messages in its responses. Developers should implement error handling strategies to manage these responses effectively, ensuring that the application can recover gracefully from issues.

Performance Optimization and Best Practices

To maximize the efficiency of applications using the Metals-API, consider the following best practices:

Caching: Implement caching strategies to store frequently accessed data, reducing the number of API calls and improving response times.
Batch Requests: If your application requires multiple data points, consider batching requests to minimize the number of calls made to the API.
Data Validation: Always validate input data before making API requests to prevent unnecessary errors and ensure data integrity.
Monitoring: Implement monitoring tools to track API usage and performance, allowing for proactive management of rate limits and response times.

Conclusion

The Metals-API is a powerful resource for developers and traders interested in precious metals, particularly gold. By leveraging its innovative features, users can access real-time and historical data, enabling informed decision-making in the fast-paced world of trading. From understanding the dynamics of gold pricing to implementing effective strategies for data retrieval, the Metals-API provides the tools necessary for success.

For more information on how to get started, visit the Metals-API Documentation for detailed guidance on implementation and usage. To explore the full range of supported symbols, check out the Metals-API Supported Symbols page. Whether you're a seasoned trader or a developer looking to integrate precious metals data into your applications, the Metals-API is your gateway to the future of trading.

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Get Coimbatore Gold 22k (COIM-22k) Daily Closing Prices using this API