Get Coimbatore Gold (XAU-COIM) - Per Ounce prices using this API

Get Coimbatore Gold (XAU-COIM) - Per Ounce Prices Using the Metals-API

In today's rapidly evolving financial landscape, the demand for real-time data on precious metals like gold is more critical than ever. The Metals-API offers a robust solution for developers seeking to integrate accurate and timely 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 essential data for developers and traders alike.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of the global economy. As a precious metal, it serves not only as a store of value but also as a hedge against inflation and currency fluctuations. In recent years, the digital transformation in precious metals trading has revolutionized how investors access and analyze market data. With the integration of data analytics and technology, traders can now gain deeper insights into market trends, enabling more informed decision-making.

The innovation in price discovery mechanisms has also been remarkable. Traditional methods of determining gold prices are being supplemented by advanced algorithms and real-time data feeds, allowing for more accurate pricing models. Furthermore, the rise of digital asset solutions has made it easier for investors to trade gold in various forms, including ETFs and digital currencies backed by physical gold.

Metals-API Information

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on precious metals, including gold. This API empowers users to build next-generation applications that can leverage real-time pricing, historical trends, and market insights. With its comprehensive capabilities, the Metals-API stands out as a leader in the field of metals data.

API Description

The Metals-API offers a suite of features that cater to various needs in the precious metals market. Its capabilities include:

Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who require up-to-the-minute pricing information.
Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. This allows users to analyze past trends and make informed predictions about future movements.
Bid and Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one currency to another seamlessly.
Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice, facilitating in-depth analysis of price movements over time.
Fluctuation Endpoint: This endpoint provides information about how currencies fluctuate on a day-to-day basis, helping traders understand volatility in the market.
Carat Endpoint: Retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers purchasing gold jewelry.
Lowest/Highest Price Endpoint: 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 allows users to get the open, high, low, and close prices for a specific time period, essential for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a wealth of data for analysis.
API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
API Response: Exchange rates delivered by the Metals-API are by default relative to USD, with all data returned in a structured JSON format.
Supported Symbols Endpoint: This endpoint returns all available currencies, ensuring users can access the most up-to-date information.
Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
News Endpoint: Get the latest news articles related to various metals, keeping users informed about market developments.

Key Features and Endpoints

The Metals-API's endpoints are designed to cater to a wide range of applications, from trading platforms to analytical tools. Here’s a closer look at some of the key features:

Latest Rates Endpoint

This endpoint provides real-time exchange rates for all available metals. For example, a typical response might look like this:

{
    "success": true,
    "timestamp": 1744243951,
    "base": "USD",
    "date": "2025-04-10",
    "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"
}

In this response, the "rates" object provides the current price of gold (XAU) along with other metals, allowing developers to display this information in their applications.

Historical Rates Endpoint

Accessing historical exchange rates is crucial for trend analysis. A typical response might look like this:

{
    "success": true,
    "timestamp": 1744157551,
    "base": "USD",
    "date": "2025-04-09",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint allows users to analyze past rates, which can be instrumental in making informed trading decisions.

Time-Series Endpoint

The time-series endpoint enables users to query the API for daily historical rates between two dates. A response might look like this:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-03",
    "end_date": "2025-04-10",
    "base": "USD",
    "rates": {
        "2025-04-03": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-05": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-10": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This feature is particularly useful for traders looking to analyze trends over specific periods, allowing for more strategic trading decisions.

Convert Endpoint

The convert endpoint allows users to convert any amount from one metal to another or to/from USD. A typical response might look like this:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744243951,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint is particularly useful for users who need to quickly convert values for trading or reporting purposes.

Fluctuation Endpoint

The fluctuation endpoint allows users to track rate fluctuations between two dates. A response might look like this:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-03",
    "end_date": "2025-04-10",
    "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"
}

This feature is essential for traders who want to understand market volatility and make informed decisions based on price movements.

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

The OHLC endpoint provides open, high, low, and close prices for a specific time period. A typical response might look like this:

{
    "success": true,
    "timestamp": 1744243951,
    "base": "USD",
    "date": "2025-04-10",
    "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 data is crucial for technical analysis, allowing traders to identify trends and potential reversal points.

Bid/Ask Endpoint

The bid/ask endpoint provides current bid and ask prices for metals. A typical response might look like this:

{
    "success": true,
    "timestamp": 1744243951,
    "base": "USD",
    "date": "2025-04-10",
    "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 is vital for traders looking to understand market depth and liquidity.

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. This resource is invaluable for developers who need to ensure they are using the correct symbols in their applications.

Conclusion

The Metals-API is an essential tool for developers and traders looking to access real-time and historical data on precious metals like gold. With its extensive range of features, including the latest rates, historical data, and various endpoints for conversion and fluctuation tracking, the API empowers users to make informed trading decisions. By integrating this API into their applications, developers can provide their users with the most accurate and timely information available.

For more information on how to implement the Metals-API in your projects, visit the Metals-API Documentation. This resource provides detailed guidance on using the API effectively, including endpoint descriptions, response formats, and practical use cases. With the right tools and knowledge, you can harness the power of real-time metals data to enhance your trading strategies and applications.

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Knowledge Base