Get Faridabad Gold 24k (FARI-24k) Daily Closing Prices with Metals-API

Get Faridabad Gold 24k (FARI-24k) Daily Closing Prices with Metals-API

In the ever-evolving landscape of precious metals trading, obtaining accurate and timely data is crucial for investors and developers alike. One of the most sought-after metals is gold, represented by the symbol XAU. With the rise of digital transformation in the financial sector, tools like the Metals-API have become indispensable for accessing real-time and historical gold prices. This blog post will delve into how to retrieve historical prices for gold using Metals-API, focusing on its innovative features and capabilities.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, and its value is influenced by various factors, including market demand, geopolitical events, and economic indicators. The digital transformation in precious metals trading has opened new avenues for data analytics and market insights. Developers can leverage advanced technology to integrate real-time data into their applications, enhancing the trading experience.

With the advent of data analytics, traders can now gain deeper insights into market trends and price movements. The integration of technology in trading platforms allows for more efficient price discovery and innovative digital asset solutions. By utilizing APIs like Metals-API, developers can create applications that provide users with up-to-date information on gold prices, enabling informed decision-making.

Metals-API Information

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data on various metals, including gold. This API empowers users to build next-generation applications that require accurate metals data. With its user-friendly interface and comprehensive documentation, developers can easily integrate the API into their projects.

Metals-API offers a range of endpoints that cater to different needs. For instance, the Latest Rates Endpoint provides real-time exchange rate data, updated every 60 minutes, 10 minutes, or even more frequently, depending on the subscription plan. This feature is essential for traders who need to stay updated on market fluctuations.

Another valuable feature is the Historical Rates Endpoint, which allows users to access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical data that is crucial for analyzing trends and making predictions.

The Bid and Ask Endpoint is another powerful feature that enables users to retrieve real-time bid and ask prices for gold and other metals. This information is vital for traders looking to execute transactions at the best possible prices.

Additionally, the Convert Endpoint allows users to convert any amount from one currency to another, making it easier to assess the value of gold in different markets. The Time-Series Endpoint provides daily historical rates between two dates, which is particularly useful for analyzing price trends over time.

For those interested in fluctuations, the Fluctuation Endpoint offers insights into how currencies fluctuate on a day-to-day basis. This feature can help traders identify patterns and make informed decisions based on historical data.

The Carat Endpoint allows users to retrieve information about gold rates by carat, providing a more granular view of gold pricing. Furthermore, the Lowest/Highest Price Endpoint enables users to query the API for the lowest and highest prices within a specified timeframe, which is essential for understanding market extremes.

For comprehensive analysis, the Open/High/Low/Close (OHLC) Price Endpoint provides detailed price information, including the opening, high, low, and closing prices for a specific date. This data is crucial for traders who rely on technical analysis to make informed decisions.

The Historical LME Endpoint offers access to historical rates for LME symbols dating back to 2008, allowing users to analyze long-term trends in the metals market. This endpoint is particularly useful for institutional investors and analysts.

To access the API, developers need an API Key, which is passed into the API base URL's access_key parameter. The API response delivers exchange rates relative to USD by default, ensuring consistency in data presentation.

For a complete list of all supported symbols, including gold, silver, platinum, and palladium, developers can refer to the Metals-API Supported Symbols page. This resource is invaluable for understanding the range of metals available through the API.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, each with its unique functionalities:

  • Latest Rates Endpoint: Get real-time exchange rates for all available metals. The response includes the base currency, date, and rates for various metals.
  • Historical Rates Endpoint: Access historical exchange rates for any date since 1999. This endpoint is essential for analyzing past market behavior.
  • Time-Series Endpoint: Retrieve exchange rates for a specific time period, allowing for detailed trend analysis.
  • Convert Endpoint: Convert any amount from one metal to another or to/from USD, facilitating easy comparisons and assessments.
  • Fluctuation Endpoint: Track rate fluctuations between two dates, helping traders identify trends and make informed decisions.
  • Carat Endpoint: Get information about gold rates by carat, providing a detailed view of pricing.
  • Lowest/Highest Price Endpoint: Query the API for the lowest and highest price within a specified timeframe, essential for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Retrieve detailed price information for a specific date, crucial for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for long-term analysis.
  • API Key: Required for accessing the API, ensuring secure and authorized usage.
  • API Response: Exchange rates are delivered relative to USD by default, providing consistency in data presentation.
  • Available Endpoints: The API comes with multiple endpoints, each providing different functionalities.
  • Supported Symbols Endpoint: Get a constantly updated list of all available currencies.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint.
  • News Endpoint: Get the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, here are some example responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744866084,
    "base": "USD",
    "date": "2025-04-17",
    "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"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744779684,
    "base": "USD",
    "date": "2025-04-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-10",
    "end_date": "2025-04-17",
    "base": "USD",
    "rates": {
        "2025-04-10": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-12": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-17": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744866084,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-10",
    "end_date": "2025-04-17",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1744866084,
    "base": "USD",
    "date": "2025-04-17",
    "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"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744866084,
    "base": "USD",
    "date": "2025-04-17",
    "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"
}

Conclusion

In conclusion, the Metals-API provides a comprehensive suite of tools for developers looking to access real-time and historical data on precious metals, particularly gold. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion and fluctuation tools, developers can create powerful applications that enhance the trading experience. The API's extensive documentation and user-friendly interface make it accessible for developers of all skill levels.

By leveraging the capabilities of Metals-API, developers can stay ahead of market trends, provide valuable insights to their users, and ultimately drive innovation in the precious metals trading space. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.

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