Get KOCH-22k prices using this API for real-time market data

Get KOCH-22k Prices Using This API for Real-Time Market Data

In the rapidly evolving landscape of metal markets, the demand for real-time data has never been greater. For developers looking to integrate accurate and timely market information into their applications, the Metals-API offers a robust solution. This API provides access to a wealth of data, including the current prices of Kochi Gold 22k (KOCH-22k), which is a significant player in the gold market. In this blog post, we will explore the capabilities of the Metals-API, how it works, and the various endpoints available for retrieving market data.

About Kochi Gold 22k (KOCH-22k)

Kochi Gold 22k, often referred to as KOCH-22k, is a popular gold standard in India, particularly in the southern regions. As the market for gold continues to grow, driven by both investment and cultural demand, the need for accurate pricing data becomes crucial. The digital transformation in metal markets has led to the integration of advanced technologies that enable real-time tracking of gold prices, making it easier for consumers and businesses to make informed decisions.

Technological innovation has significantly impacted how gold prices are determined and disseminated. With the advent of data analytics and smart technology integration, stakeholders can now access insights that were previously unattainable. The Metals-API plays a vital role in this transformation by providing developers with the tools necessary to build applications that can deliver real-time market data, historical trends, and predictive analytics.

API Description

The Metals-API is designed to empower developers by offering a comprehensive suite of features that facilitate the retrieval of real-time metals data. This API enables the creation of next-generation applications that can analyze market trends, provide alerts, and even automate trading strategies based on real-time data. With a focus on innovation and technological advancement, the Metals-API stands out as a leading solution for accessing metal prices, including KOCH-22k.

For developers looking to dive deeper into the functionality of the Metals-API, the Metals-API Documentation provides extensive guidance on how to utilize its features effectively. The API supports a wide range of endpoints, each designed to cater to specific data retrieval needs, from the latest rates to historical data and conversion functionalities.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that serve different purposes, allowing developers to tailor their applications to meet specific requirements. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, including KOCH-22k. Depending on your subscription plan, the API can return updates every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for metals. Understanding the bid-ask spread is crucial for traders and investors looking to optimize their buying and selling strategies.
Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for applications that need to display prices in different currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is ideal for analyzing price movements over time and identifying patterns.
Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis. This endpoint can help users understand market volatility and make informed trading decisions.
Carat Endpoint: This feature allows you to retrieve gold rates by carat, which is essential for jewelers and consumers looking to buy or sell gold jewelry.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date range. This information is crucial for understanding market extremes and making strategic decisions.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides 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. This endpoint is particularly useful for users interested in long-term trends.
API Key: Your unique API key is required to access the API's features. This key must be included in the API base URL's access_key parameter for authentication.
API Response: The Metals-API delivers exchange rates relative to USD by default. All data is returned in a structured JSON format, making it easy to integrate into applications.
Available Endpoints: The API comes with a comprehensive list of endpoints, each providing different functionalities. Developers can explore these options to find the best fit for their needs.
Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metal symbols, ensuring that users have access to the latest information.
Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which is particularly useful for local traders and consumers.
News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including KOCH-22k. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to understand the full scope of data available through the API.

API Endpoint Examples and Responses

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

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743379831,
    "base": "USD",
    "date": "2025-03-31",
    "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"
}

The response above indicates a successful query, returning the latest exchange rates for various metals, including KOCH-22k. The rates are provided per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743293431,
    "base": "USD",
    "date": "2025-03-30",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for a specific date, allowing users to analyze past market performance. Such data is crucial for traders looking to identify trends and make informed decisions.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-24",
    "end_date": "2025-03-31",
    "base": "USD",
    "rates": {
        "2025-03-24": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-26": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-31": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for a specified period, enabling users to track price movements over time. This feature is particularly useful for technical analysis and forecasting.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743379831,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response demonstrates the conversion of an amount from USD to KOCH-22k (XAU). The result indicates how much gold can be purchased with the specified amount of USD, which is crucial for investors and traders.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-24",
    "end_date": "2025-03-31",
    "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"
}

The fluctuation endpoint provides insights into how prices have changed over a specified period. Understanding these fluctuations is essential for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1743379831,
    "base": "USD",
    "date": "2025-03-31",
    "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 open, high, low, and close prices for a specific date, which is critical for traders conducting technical analysis. Understanding these metrics helps in making informed trading decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743379831,
    "base": "USD",
    "date": "2025-03-31",
    "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"
}

The bid/ask response provides current bid and ask prices, along with the spread for each metal. This information is crucial for traders looking to execute orders at the best possible prices.

Conclusion

The Metals-API is a powerful tool for developers looking to integrate real-time market data into their applications. With features like the latest rates, historical data, and conversion capabilities, it provides a comprehensive solution for accessing gold prices, including KOCH-22k. By leveraging the API's capabilities, developers can create applications that not only deliver accurate pricing information but also offer insights into market trends and fluctuations.

As the metal markets continue to evolve, the importance of real-time data will only increase. By utilizing the Metals-API Documentation, developers can explore the full range of features available and implement them effectively in their projects. Whether you are building a trading platform, a market analysis tool, or a consumer-facing application, the Metals-API provides the necessary data to succeed in today's dynamic market environment.

For more information on the available symbols and their specifications, visit the Metals-API Supported Symbols page. Embrace the future of metal market data with the Metals-API and unlock the potential of real-time insights.

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Get KOCH-22k prices using this API for real-time market data