Get Coimbatore Silver (XAG-COIM) Historical Prices using this API

Get Coimbatore Silver (XAG-COIM) Historical Prices using this API

In the world of precious metals, silver (XAG) holds a significant place, not only as a valuable commodity but also as a critical component in various industrial applications. For developers and businesses looking to integrate real-time and historical silver price data into their applications, the Metals-API offers a robust solution. This blog post will delve into the intricacies of obtaining historical prices for silver in Coimbatore (XAG-COIM) using the Metals-API, exploring its features, capabilities, and practical applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is more than just a precious metal used in jewelry and coins. Its industrial applications are vast, ranging from electronics to solar panels, and it plays a crucial role in modern technology. The demand for silver is driven by its unique properties, including high conductivity and reflectivity, making it indispensable in various manufacturing processes.

Innovation in silver production and processing has led to the integration of smart manufacturing technologies, which optimize production efficiency and reduce waste. The digital market analysis of silver prices allows stakeholders to make informed decisions based on real-time data, enhancing the overall supply chain technology. By leveraging advanced analytics and data-driven insights, businesses can navigate the complexities of the silver market more effectively.

Metals-API Information

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data for various metals, including silver. This API empowers users to build next-generation applications that require accurate and timely metals data. With its innovative features, the Metals-API transforms how businesses interact with metal prices, enabling them to make data-driven decisions.

For more information on the API, 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, allowing developers to access the data they require efficiently. Here are some of the key features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, the API updates this data every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for applications that require up-to-the-minute pricing information.
• Historical Rates Endpoint: Users can access historical rates for silver dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is essential for trend analysis and market research.
• Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for silver. Understanding the bid-ask spread is vital for traders and investors looking to make informed decisions in the market.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts between different metals or to/from USD. This feature is particularly useful for businesses operating in multiple currencies.
• Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates. It is an invaluable tool for analyzing price trends over time.
• Fluctuation Endpoint: Users can track how silver prices fluctuate between two dates, providing insights into market volatility and helping businesses strategize accordingly.
• Carat Endpoint: This endpoint provides information about gold rates by carat, which can be useful for businesses dealing in gold jewelry.
• Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for silver over a specified period, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint returns the open, high, low, and close prices for silver, which is essential for traders looking to analyze market performance.
• Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, which is crucial for businesses needing long-term data.
• API Key: Each user is provided with a unique API key that must be included in API requests to authenticate access.
• API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The API features multiple endpoints, each designed to provide specific functionalities, ensuring comprehensive coverage of user needs.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, allowing users to stay informed about the latest offerings.
• Gold Price India Endpoint: Retrieve the latest gold prices in India, which can be beneficial for businesses operating in the Indian market.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context to 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 the API responses is crucial for effective integration. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745722908,
    "base": "USD",
    "date": "2025-04-27",
    "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"
}

This response indicates the current exchange rates for various metals, including silver (XAG), which is priced at 0.03815 per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745636508,
    "base": "USD",
    "date": "2025-04-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical rates for silver on a specific date, allowing users to analyze past market behavior.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "base": "USD",
    "rates": {
        "2025-04-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response illustrates how silver prices have changed over a specified period, providing valuable insights for trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745722908,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the conversion of 1000 USD into troy ounces of gold, demonstrating the API's versatility in handling different metals.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-20",
    "end_date": "2025-04-27",
    "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 response provides insights into how silver prices have fluctuated over a specified period, which is crucial for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1745722908,
    "base": "USD",
    "date": "2025-04-27",
    "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 response provides the open, high, low, and close prices for silver, which is essential for traders analyzing market performance.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745722908,
    "base": "USD",
    "date": "2025-04-27",
    "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 response provides the current bid and ask prices for silver, which is crucial for traders looking to make informed decisions.

Conclusion

In conclusion, the Metals-API offers a comprehensive solution for accessing real-time and historical silver prices, empowering developers to create innovative applications that leverage this data. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion and fluctuation tools, the API provides a wealth of information that can be utilized in numerous ways. By integrating the Metals-API into your applications, you can enhance your decision-making processes and stay ahead in the competitive metals market.

For further exploration of the API's capabilities, refer to the Metals-API Documentation and stay updated with the latest offerings on the Metals-API Website. To access a complete list of supported symbols, visit the Metals-API Supported Symbols page. Embrace the power of real-time metals data and transform your applications today!