Get Gold Bid (XAU-BID) prices using this API

Get Gold Bid (XAU-BID) Prices Using This API

In the ever-evolving landscape of financial technology, the demand for real-time data on precious metals has surged. Developers and traders alike are seeking innovative solutions to access accurate and timely information. One such solution is the Metals-API, which provides comprehensive data on various metals, including Gold (XAU). This blog post will delve into the capabilities of the Metals-API, explore the significance of Gold in the market, and explain how developers can leverage this API to build next-generation applications.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of the global economy. Its value is not only derived from its physical properties but also from its role as a hedge against inflation and currency fluctuations. As digital transformation sweeps through various sectors, the precious metals market is no exception. The integration of technology in trading has led to enhanced data analytics and market insights, enabling traders to make informed decisions based on real-time data.

With the rise of digital asset solutions, Gold is increasingly being viewed through the lens of innovation in price discovery. The Metals-API plays a crucial role in this transformation by providing developers with the tools necessary to access real-time Gold prices, historical data, and various analytical endpoints. This API empowers developers to create applications that can analyze market trends, track fluctuations, and provide insights that were previously difficult to obtain.

API Description

The Metals-API is a powerful tool designed for developers seeking to integrate real-time metals data into their applications. It offers a wide range of functionalities, including access to the latest rates, historical data, and various endpoints that cater to specific needs. The API is designed with innovation and technological advancement in mind, making it an essential resource for anyone involved in the trading of precious metals.

For more information, 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 provide different functionalities to cater to diverse user needs. Below are some of the key features:

  • 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 need to make quick decisions based on the latest market conditions.
  • Historical Rates Endpoint: Historical rates are available for most currencies dating back to 2019. Developers can query the API for historical rates by appending a date to the endpoint, allowing for in-depth analysis of price trends over time.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time Bid and Ask prices for various metals, providing critical information for making trading decisions.
  • Convert Endpoint: The API includes a currency conversion endpoint that allows users to convert any amount from one currency to another. This is particularly useful for traders dealing in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, facilitating comprehensive analysis of price movements over time.
  • Fluctuation Endpoint: Users can retrieve information about how currencies fluctuate on a day-to-day basis, providing insights into market volatility.
  • Carat Endpoint: This endpoint allows users to retrieve information about Gold rates by Carat, which is essential for jewelers and those in the jewelry industry.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest price of metals over a specified period, which is crucial for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides users with the open, high, low, and close prices for a specific time period, allowing for detailed market analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is invaluable for those tracking long-term trends in the metals market.
  • API Key: Each user is provided with a unique API key that must be included in requests to authenticate and authorize access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data representation.
  • Available Endpoints: The Metals-API comes with numerous endpoints, each providing different functionalities tailored to user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for traders in the Indian market.
  • News Endpoint: The API allows users to retrieve the latest news articles related to various metals, keeping traders informed about market developments.

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

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1743472820,
    "base": "USD",
    "date": "2025-04-01",
    "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

Access historical exchange rates for any date since 1999.

{
    "success": true,
    "timestamp": 1743386420,
    "base": "USD",
    "date": "2025-03-31",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "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,
            "XPT": 0.000915
        },
        "2025-03-27": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-01": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743472820,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "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
        },
        "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

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1743472820,
    "base": "USD",
    "date": "2025-04-01",
    "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

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1743472820,
    "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
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Conclusion

The Metals-API is a transformative tool for developers looking to access real-time data on precious metals, particularly Gold (XAU). With its extensive range of endpoints, the API provides invaluable insights into market trends, historical data, and real-time pricing. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance trading strategies and provide users with the information they need to make informed decisions.

For further exploration of the API's capabilities, be sure to check the Metals-API Documentation and the Metals-API Supported Symbols page for a comprehensive list of available symbols. The Metals-API is not just a data source; it is a gateway to the future of trading in precious metals.

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