Get Kanpur Gold 22k (KANP-22k) price data for your application

Get Kanpur Gold 22k (KANP-22k) Price Data for Your Application

In today's rapidly evolving financial landscape, the demand for accurate and real-time data on precious metals, particularly gold, has surged. For developers looking to integrate gold price data into their applications, the Metals-API offers a robust solution. This blog post will delve into the intricacies of the Metals-API, focusing on the gold symbol XAU, its markets, and how this API can empower developers to create innovative applications that leverage real-time metals data.

About Gold (XAU)

Gold, represented by the symbol XAU, is not just a precious metal; it is a cornerstone of the global economy. With its intrinsic value and historical significance, gold has become a digital asset that is increasingly integrated into modern financial systems. The digital transformation in precious metals trading has opened new avenues for data analytics and market insights, allowing traders and investors to make informed decisions based on real-time data.

As technology continues to evolve, the integration of advanced data analytics into trading platforms has become essential. Developers can utilize the Metals-API to access comprehensive market insights, enabling them to innovate in price discovery and enhance trading strategies. The API provides a seamless way to incorporate gold price data into applications, facilitating better decision-making and investment strategies.

API Description

The Metals-API is a powerful tool that provides real-time and historical data on various metals, including gold. This API is designed to empower developers to build next-generation applications that require accurate and timely metals data. With its innovative features and capabilities, the Metals-API stands out as a transformative solution in the realm of precious metals trading.

For more information on how to get started, visit the Metals-API Documentation. This resource provides detailed guidance on how to implement the API effectively in your applications.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, allowing developers to access a wealth of information about precious metals. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. Developers can easily integrate this data into their applications to display the latest gold prices.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve past gold prices, enabling them to analyze trends and make informed decisions.
  • Bid and Ask Endpoint: This feature allows developers to retrieve real-time bid and ask prices for gold and other metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The conversion endpoint enables users to convert any amount from one metal to another or to/from USD, making it easier to handle transactions in different currencies.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice, allowing for comprehensive analysis of price movements over time.
  • Fluctuation Endpoint: This endpoint provides information about how gold prices fluctuate on a day-to-day basis, helping traders understand market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers interested in specific gold qualities.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest gold prices over a specified period, aiding in market analysis and investment strategies.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows developers to obtain the open, high, low, and close prices for gold, providing a comprehensive view of market performance.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those analyzing long-term trends.
  • 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 that developers receive consistent and reliable data.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, allowing developers to stay informed about the symbols they can use.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for developers targeting the Indian market.
  • News Endpoint: Access the latest news articles related to various metals, keeping users informed about market developments and trends.

For a complete list of all supported symbols, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding the API's responses is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744676013,
    "base": "USD",
    "date": "2025-04-15",
    "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 latest price for gold (XAU) is 0.000482 per troy ounce, relative to USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744589613,
    "base": "USD",
    "date": "2025-04-14",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows historical rates for gold on a specific date, allowing developers to analyze past performance.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-08",
    "end_date": "2025-04-15",
    "base": "USD",
    "rates": {
        "2025-04-08": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-10": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-15": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily historical rates for gold over a specified period, enabling developers to visualize trends and fluctuations.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744676013,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Here, the conversion endpoint shows that 1000 USD is equivalent to 0.482 troy ounces of gold, providing a straightforward way to handle currency conversions.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-08",
    "end_date": "2025-04-15",
    "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 response provides insights into how gold prices have fluctuated over a specified period, which is crucial for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1744676013,
    "base": "USD",
    "date": "2025-04-15",
    "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 endpoint provides a comprehensive view of the market performance for gold, including the opening, highest, lowest, and closing prices, which are essential for technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744676013,
    "base": "USD",
    "date": "2025-04-15",
    "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 response provides the current bid and ask prices for gold, which are critical for traders looking to execute buy or sell orders effectively.

Conclusion

The Metals-API is an invaluable resource for developers seeking to integrate gold price data into their applications. With its extensive range of features, including real-time rates, historical data, and conversion capabilities, the API empowers users to make informed decisions based on accurate and timely information. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance trading strategies and provide users with the insights they need to navigate the precious metals market.

For further exploration of the API's capabilities, visit the Metals-API Website and access the Metals-API Documentation for comprehensive guidance on implementation. Stay informed about the latest developments in the precious metals market by utilizing the Metals-API to its fullest potential.

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