Get KOCH-22k prices using this API to enhance your trading strategies

Get KOCH-22k Prices Using This API to Enhance Your Trading Strategies

In today's fast-paced trading environment, having access to real-time data is crucial for making informed decisions. The Metals-API provides developers with the tools necessary to enhance their trading strategies by offering real-time and historical data for various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). This blog post will delve into the capabilities of the Metals-API, focusing on how it can be utilized to track prices, analyze trends, and ultimately improve trading outcomes.

Metals-API Information

About Tellurium (TE)

While Tellurium (TE) is not one of the primary metals tracked by the Metals-API, the discussion around metals in general is increasingly relevant in the context of digital transformation. The integration of smart technologies and data analytics is revolutionizing how traders interact with metal markets. As technological advancements continue to shape the landscape, the importance of real-time data cannot be overstated. The Metals-API stands at the forefront of this transformation, providing developers with the necessary tools to harness data effectively.

With the rise of data analytics, traders can now gain insights into market trends, price fluctuations, and historical performance. This information is invaluable for making strategic decisions. The future of trading in metals will likely see even greater integration of technology, with predictive analytics and machine learning playing significant roles in forecasting market movements.

API Description

The Metals-API is a powerful tool designed for developers looking to build next-generation applications that require real-time metals data. By providing a comprehensive suite of endpoints, the API allows users to access a wealth of information about metal prices, historical data, and market trends. The API's capabilities empower developers to create applications that can analyze data, track price movements, and make informed trading decisions.

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

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different trading needs. 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. This feature is essential for traders who need the most current prices to make quick decisions.
  • Historical Rates Endpoint: Traders can access historical rates dating back to 2019. By appending a specific date to the API request, users can retrieve past prices, allowing for comprehensive analysis of market trends over time.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for metals. Understanding the bid-ask spread is crucial for traders looking to optimize their entry and exit points.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice. This feature is beneficial for analyzing trends over specific periods.
  • Fluctuation Endpoint: This endpoint provides information about how metal prices fluctuate on a day-to-day basis, helping traders understand volatility and market dynamics.
  • Carat Endpoint: For those interested in gold, the carat endpoint allows users to retrieve information about gold rates by carat, which is essential for jewelers and traders in the luxury market.
  • Lowest/Highest Price Endpoint: This endpoint allows users to query the API to get the lowest and highest prices for a specified date, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for a specific time period, which is critical for technical analysis.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a long-term perspective on metal prices.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access to the API.
  • API Response: The Metals-API returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The API features multiple endpoints, each designed to serve different functionalities, making it versatile for various applications.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, catering to a specific market need.
  • News Endpoint: Users can access the latest news articles related to various metals, keeping them 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": 1743379891,
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1743293491,
    "base": "USD",
    "date": "2025-03-30",
    "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": "2025-03-24",
    "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"
}

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": 1743379891,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

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

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1743379891,
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1743379891,
    "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"
}

Conclusion

The Metals-API is an invaluable resource for traders looking to enhance their strategies through real-time and historical data on various metals. By leveraging the API's extensive features, developers can create applications that provide insights into market trends, price fluctuations, and trading opportunities. The ability to access real-time rates, historical data, and various endpoints tailored to specific needs empowers traders to make informed decisions.

As the trading landscape continues to evolve with technological advancements, the integration of APIs like Metals-API will play a crucial role in shaping the future of trading. For more information on how to implement these features, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive understanding of available data.

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