Get Coimbatore Gold 24k (COIM-24k) Historical Prices for Investment Research with Metals-API
Get Coimbatore Gold 24k (COIM-24k) Historical Prices for Investment Research with Metals-API
In the ever-evolving landscape of precious metals trading, having access to accurate and timely data is paramount for making informed investment decisions. For those interested in tracking the historical prices of Gold, specifically Coimbatore Gold 24k (COIM-24k), the Metals-API provides a robust solution. This blog post delves into the capabilities of Metals-API, focusing on how developers can leverage its features to obtain historical price data and enhance their investment research.
About Gold (XAU)
Gold, represented by the symbol XAU, has been a cornerstone of wealth and investment for centuries. As a precious metal, it is not only a store of value but also a hedge against inflation and economic uncertainty. In recent years, the digital transformation in precious metals trading has revolutionized how investors access and analyze market data. The integration of data analytics and technology has enabled traders to gain deeper insights into market trends, price movements, and investment opportunities.
The advent of digital asset solutions has further enhanced the trading landscape, allowing for innovative approaches to price discovery. With the rise of APIs like Metals-API, developers can create applications that provide real-time data, historical insights, and analytical tools to empower investors in their decision-making processes.
Metals-API Overview
Metals-API is a powerful tool designed for developers seeking to integrate real-time and historical metal price data into their applications. With a focus on innovation and technological advancement, the API enables users to access a wealth of information about various metals, including Gold, Silver, Platinum, and Palladium. The API's capabilities extend beyond simple price retrieval; it offers a suite of endpoints that facilitate comprehensive market analysis and data-driven decision-making.
Key Features and Endpoints
Metals-API boasts a variety of endpoints that cater to different data needs. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for various metals, updated at intervals depending on the subscription plan. This endpoint is crucial for traders who require up-to-the-minute pricing information to make timely decisions.
{
"success": true,
"timestamp": 1745367007,
"base": "USD",
"date": "2025-04-23",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
For those looking to analyze past performance, the Historical Rates Endpoint allows users to query historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve valuable data for investment research.
{
"success": true,
"timestamp": 1745280607,
"base": "USD",
"date": "2025-04-22",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}Bid And Ask Endpoint
The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for metals. This information is essential for traders looking to execute buy or sell orders at the best possible prices.
{
"success": true,
"timestamp": 1745367007,
"base": "USD",
"date": "2025-04-23",
"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 investors looking to assess the value of their holdings in different currencies.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1745367007,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series Endpoint enables users to retrieve daily historical rates between two specified dates. This feature is invaluable for conducting trend analysis and understanding price movements over time.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-16",
"end_date": "2025-04-23",
"base": "USD",
"rates": {
"2025-04-16": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-04-18": {
"XAU": 0.000483,
"XAG": 0.0382
},
"2025-04-23": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides insights into how metal prices fluctuate over a specified period. This data is crucial for understanding market volatility and making informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-16",
"end_date": "2025-04-23",
"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 access the open, high, low, and close prices for a specific time period. This data is essential for traders looking to analyze market trends and make strategic decisions.
{
"success": true,
"timestamp": 1745367007,
"base": "USD",
"date": "2025-04-23",
"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 endpoint is particularly useful for those interested in the London Metal Exchange prices.
API Key and Authentication
To access the Metals-API, users must obtain an API key, which is passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that only authorized users can access the data.
Understanding API Responses
The API responses are structured in a JSON format, providing clarity and ease of use for developers. Each response includes a success status, a timestamp, the base currency, and the relevant rates. Understanding the structure of these responses is crucial for effective data handling and integration into applications.
Common Use Cases
Developers can utilize Metals-API in various applications, such as:
- Building trading platforms that require real-time price data.
- Creating analytical tools for investment research.
- Integrating price data into financial applications for portfolio management.
Performance Optimization and Security Considerations
When integrating Metals-API into applications, developers should consider performance optimization strategies, such as caching frequently accessed data and implementing rate limiting to avoid exceeding API quotas. Additionally, security best practices, including data validation and sanitization, should be prioritized to protect sensitive information.
Conclusion
In conclusion, Metals-API offers a comprehensive solution for developers seeking to access historical prices and real-time data for Gold and other precious metals. By leveraging the various endpoints and features, developers can create powerful applications that enhance investment research and trading strategies. For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available data. The future of precious metals trading is here, and with Metals-API, you can stay ahead of the curve.