Get Hyderabad Gold 22k (HYDE-22k) prices using this API

Get Hyderabad Gold 22k (HYDE-22k) Prices Using This API

In today's digital age, the demand for real-time data in the precious metals market has surged, particularly for gold. The Metals-API provides a robust solution for developers looking to access current and historical gold prices, including the specific rates for 22k gold in Hyderabad. This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, features, and how it can be leveraged to obtain accurate gold pricing data.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, is one of the most sought-after precious metals globally. Its value is influenced by various factors, including market demand, geopolitical stability, and economic indicators. The digital transformation in the precious metals sector has revolutionized how traders and investors access and analyze gold prices. With the integration of data analytics and technology, market insights have become more accessible, enabling informed decision-making.

The Metals-API stands at the forefront of this transformation, offering developers the tools necessary to build applications that provide real-time gold pricing data. By utilizing advanced technology for price discovery and digital asset solutions, the API empowers users to stay ahead in the fast-paced world of precious metals trading.

API Description

The Metals-API is a powerful tool designed for developers who require real-time and historical data on various metals, including gold. This API enables users to access a wide range of functionalities that can enhance their applications. With its innovative approach to data delivery, the Metals-API allows for seamless integration into existing systems, providing developers with the flexibility to create next-generation applications.

For more detailed information, you can visit the Metals-API Documentation which outlines the various features and capabilities of the API.

Key Features and Endpoints

The Metals-API offers several key features that can be utilized to access gold prices and other metal data:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for gold and other metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes, ensuring that you have the most current data at your fingertips.
  • Historical Rates Endpoint: Access historical rates for gold dating back to 2019. This feature allows you to analyze trends over time, which is crucial for making informed investment decisions.
  • Bid And Ask Endpoint: Retrieve real-time bid and ask prices for gold, enabling traders to make timely decisions based on market conditions.
  • Convert Endpoint: This endpoint allows you to convert any amount from one metal to another or to/from USD, making it easy to calculate the value of gold in different currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, providing insights into price movements over specific periods.
  • Fluctuation Endpoint: Track how gold prices fluctuate on a day-to-day basis, which can help in understanding market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, allowing for precise calculations based on the purity of gold.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for gold over a specified period, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for gold prices, which is essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, providing a comprehensive view of market trends.
  • API Key: Your unique API key is essential for accessing the API's features and must be included in your requests.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals supported by the API.
  • Gold Price India Endpoint: Specifically designed to retrieve the latest gold prices in India, this endpoint is invaluable for local traders.
  • 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 how to interact with the Metals-API is crucial for effective implementation. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1744074117,
    "base": "USD",
    "date": "2025-04-08",
    "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 that the current price of gold (XAU) is 0.000482 per troy ounce, with other metals listed for comparison.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1743987717,
    "base": "USD",
    "date": "2025-04-07",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical price of gold on a specific date, allowing for trend analysis.

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-01",
    "end_date": "2025-04-08",
    "base": "USD",
    "rates": {
        "2025-04-01": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-03": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-08": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint allows developers to track price changes over a specified period, which is essential for market analysis.

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": 1744074117,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates that 1000 USD converts to 0.482 troy ounces of gold, providing a straightforward way to calculate metal values.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-01",
    "end_date": "2025-04-08",
    "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 endpoint provides insights into how gold prices have changed over a specific period, which is crucial for traders looking to capitalize on market movements.

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

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1744074117,
    "base": "USD",
    "date": "2025-04-08",
    "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 a comprehensive view of the price movement for gold, which is essential for technical analysis.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1744074117,
    "base": "USD",
    "date": "2025-04-08",
    "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 who need to know the current market conditions for buying and selling gold.

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data on gold and other precious metals. By leveraging its comprehensive features, such as the latest rates, historical data, and conversion capabilities, developers can build powerful applications that cater to the needs of traders and investors alike. The API's ability to provide detailed insights into market fluctuations and price trends makes it an essential tool in the ever-evolving landscape of precious metals trading.

For more information on how to implement these features and to explore the full capabilities of the Metals-API, visit the Metals-API Website and check out the Metals-API Documentation for detailed guidance. Additionally, refer to the Metals-API Supported Symbols page to familiarize yourself with the various metal symbols available through the API.

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