Get Faridabad Gold 22k (FARI-22k) prices using this API
In the ever-evolving landscape of precious metals trading, the ability to access real-time data is paramount. For developers and traders alike, understanding how to get Faridabad Gold 22k (FARI-22k) prices using the Metals-API can significantly enhance trading strategies and decision-making processes. This blog post delves into the intricacies of the Metals-API, focusing on its capabilities, particularly in relation to gold, and how it can be leveraged to gain insights into market trends.
Metals-API Information
About Gold (XAU)
Gold, represented by the symbol XAU, is not just a precious metal; it is a digital asset that has undergone a significant transformation in the age of technology. The digital transformation in precious metals trading has opened up new avenues for data analytics and market insights. With the integration of technology in trading, developers can now harness the power of real-time data to innovate price discovery and create digital asset solutions.
The Metals-API provides a robust platform for accessing gold prices and other metal rates, enabling developers to build next-generation applications that can analyze market trends, forecast prices, and optimize trading strategies. By utilizing data analytics, developers can gain insights into market movements and make informed decisions based on historical and real-time data.
API Description
The Metals-API is a powerful tool that offers developers access to real-time metals data, including gold prices. Its capabilities extend beyond mere price retrieval; it empowers developers to create applications that can analyze fluctuations, convert currencies, and track historical trends. The transformative potential of real-time metals data cannot be overstated, as it allows for the development of applications that can respond to market changes instantaneously.
For more information on how to utilize the API, developers can refer to the Metals-API Documentation, which provides comprehensive guidance on implementing various features and endpoints.
Key Features and Endpoints
The Metals-API offers a range of endpoints that cater to different needs within the metals trading ecosystem. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes, every 10 minutes, or even more frequently. This endpoint is crucial for traders who need to make quick decisions based on the latest market conditions.
{
"success": true,
"timestamp": 1743476518,
"base": "USD",
"date": "2025-04-01",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
This endpoint allows access to historical rates dating back to 2019. Developers can query the API for historical rates by appending a specific date to the request. This feature is particularly useful for analyzing trends over time and making predictions based on past performance.
{
"success": true,
"timestamp": 1743390118,
"base": "USD",
"date": "2025-03-31",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}Bid And Ask Endpoint
The Bid and Ask Endpoint is a powerful feature that allows developers to retrieve real-time bid and ask prices for metals. This information is essential for traders looking to execute buy or sell orders at optimal prices.
{
"success": true,
"timestamp": 1743476518,
"base": "USD",
"date": "2025-04-01",
"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 for seamless currency conversion between metals and USD. This feature is particularly useful for traders who operate in multiple currencies and need to quickly convert values for accurate trading.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1743476518,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series Endpoint allows developers to query the API for daily historical rates between two specified dates. This feature is invaluable for conducting in-depth analyses of price movements over time.
{
"success": true,
"timeseries": true,
"start_date": "2025-03-25",
"end_date": "2025-04-01",
"base": "USD",
"rates": {
"2025-03-25": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-04-01": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
This endpoint provides information about how currencies fluctuate on a day-to-day basis. By tracking fluctuations, traders can better understand market volatility and adjust their strategies accordingly.
{
"success": true,
"fluctuation": true,
"start_date": "2025-03-25",
"end_date": "2025-04-01",
"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 provides essential data for traders looking to analyze market trends. It delivers the open, high, low, and close prices for a specified time period, allowing for comprehensive market analysis.
{
"success": true,
"timestamp": 1743476518,
"base": "USD",
"date": "2025-04-01",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
This endpoint allows developers to query the API to get the lowest and highest prices for a specified date. This information is critical for traders looking to identify price extremes and make informed trading decisions.
{
"success": true,
"timestamp": 1743476518,
"base": "USD",
"date": "2025-04-01",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"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 traders interested in long-term trends and historical performance analysis.
{
"success": true,
"timestamp": 1743390118,
"base": "USD",
"date": "2025-03-31",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825
},
"unit": "per troy ounce"
}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 looking to integrate various metals into their applications.
Conclusion
In conclusion, the Metals-API offers a wealth of features that empower developers to access real-time and historical data for precious metals, including gold. By leveraging the various endpoints, developers can create applications that provide valuable insights into market trends, facilitate currency conversions, and track price fluctuations. The integration of technology in trading has transformed the way precious metals are bought and sold, and the Metals-API stands at the forefront of this revolution.
For further exploration of the API's capabilities, developers are encouraged to visit the Metals-API Website for additional resources and support. By utilizing the Metals-API, developers can enhance their trading strategies and stay ahead in the competitive world of precious metals trading.