Get Hyderabad Gold (XAU-HYDE) - Per Ounce Historical Prices through this API for data analysis

Get Hyderabad Gold (XAU-HYDE) - Per Ounce Historical Prices through this API for Data Analysis

In the ever-evolving landscape of financial markets, the demand for precise and real-time data has never been more critical, especially in the realm of precious metals like gold. The Metals-API offers a robust solution for developers seeking to access historical prices of gold (XAU) and other metals, enabling comprehensive data analysis and informed decision-making. This blog post delves into the intricacies of the Metals-API, focusing on how to retrieve historical prices for gold, its transformative potential, and the innovative features that make it an essential tool for data analytics.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. As digital transformation sweeps across various sectors, the precious metals market is not left behind. The integration of technology in trading and data analytics has revolutionized how investors and developers approach gold trading. With the rise of digital asset solutions, the demand for accurate and timely data has surged, making APIs like Metals-API indispensable.

Data analytics in the precious metals market provides insights that can significantly influence trading strategies. By leveraging real-time data, traders can make informed decisions based on market trends, historical performance, and price fluctuations. The Metals-API empowers developers to build applications that harness these insights, facilitating innovative approaches to price discovery and market analysis.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including gold, silver, platinum, and palladium. With its user-friendly interface and comprehensive documentation, developers can easily integrate this API into their applications to access a wealth of information.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rates, updated frequently based on the subscription plan. This ensures that developers have access to the most current data, which is crucial for making timely trading decisions. The API also supports a variety of endpoints, each tailored to specific data retrieval needs, from historical rates to bid and ask prices.

For more information, you can visit the Metals-API Website or explore the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a range of endpoints that cater to different data needs, making it a versatile tool for developers. Here’s a closer look at some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for metals, updated every 60 minutes, every 10 minutes, or even more frequently, depending on the subscription plan. This endpoint is essential for developers looking to integrate live pricing into their applications.

{
    "success": true,
    "timestamp": 1747018923,
    "base": "USD",
    "date": "2025-05-12",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For developers interested in analyzing trends over time, the Historical Rates Endpoint allows access to historical exchange rates dating back to 2019. By appending a specific date to the API request, users can retrieve past prices, facilitating in-depth market analysis.

{
    "success": true,
    "timestamp": 1746932523,
    "base": "USD",
    "date": "2025-05-11",
    "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 enables developers to retrieve real-time bid and ask prices for metals. This information is crucial for traders looking to make informed buying and selling decisions.

{
    "success": true,
    "timestamp": 1747018923,
    "base": "USD",
    "date": "2025-05-12",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion for trading or reporting purposes.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747018923,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint enables developers to query the API for daily historical rates between two specified dates. This feature is invaluable for analyzing price movements over time and understanding market trends.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-05",
    "end_date": "2025-05-12",
    "base": "USD",
    "rates": {
        "2025-05-05": {
            "XAU": 0.000485
        },
        "2025-05-12": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

Using the Fluctuation Endpoint, developers can track how metal prices fluctuate between two dates. This endpoint provides insights into market volatility, which can inform trading strategies.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-05",
    "end_date": "2025-05-12",
    "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 by delivering the open, high, low, and close prices for a specific time period. This information is critical for technical analysis and understanding market behavior.

{
    "success": true,
    "timestamp": 1747018923,
    "base": "USD",
    "date": "2025-05-12",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME Endpoint allows access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for developers focusing on industrial metals and their market dynamics.

API Key and Authentication

To access the Metals-API, developers must obtain an API key, which is passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that only authorized users can access the data.

API Response and Data Structure

The API responses are structured in a JSON format, providing a clear and organized way to access the data. Each response includes fields such as success, timestamp, base currency, date, rates, and unit, allowing developers to easily parse and utilize the information.

Common Use Cases and Implementation Strategies

The Metals-API can be integrated into various applications, including trading platforms, financial analysis tools, and market research applications. Here are some common use cases:

• Trading Applications: Developers can create applications that utilize real-time data to facilitate trading decisions, allowing users to buy and sell metals based on the latest market information.
• Market Analysis Tools: By leveraging historical data, developers can build tools that analyze trends and provide insights into price movements, helping users make informed investment decisions.
• Financial Reporting: The API can be used to generate reports on metal prices, providing businesses with the necessary data for financial analysis and reporting.

Performance Optimization and Security Considerations

When integrating the Metals-API into applications, developers should consider performance optimization strategies, such as caching frequently accessed data to reduce API calls and improve response times. Additionally, implementing security best practices, such as securing API keys and ensuring data validation, is crucial to protect against unauthorized access and data breaches.

Conclusion

The Metals-API is a powerful tool for developers looking to access historical prices and real-time data for precious metals like gold. With its comprehensive features, including various endpoints for retrieving rates, fluctuations, and conversions, the API empowers developers to build innovative applications that leverage market insights. By integrating this API, developers can enhance their applications with accurate and timely data, ultimately leading to better decision-making in the precious metals market.

For more detailed information on the API's capabilities, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. The transformative potential of real-time metals data is at your fingertips, enabling you to create next-generation applications that redefine how we interact with precious metals.