Get Kolkata Silver (XAG-KOLK) prices using this API

Get Kolkata Silver (XAG-KOLK) Prices Using This API

In the ever-evolving world of precious metals, staying updated with real-time prices is crucial for traders, investors, and manufacturers alike. One of the most sought-after metals is Silver, represented by the symbol XAG. In this blog post, we will explore the significance of Silver in various markets, particularly in Kolkata, and delve into how the Metals-API can empower developers to access real-time Silver prices and other valuable data.

About Silver (XAG)

Silver is not just a precious metal; it plays a vital role in various industrial applications. From electronics to solar panels, its conductivity and reflectivity make it indispensable in modern technology. The integration of smart manufacturing techniques has further enhanced the demand for Silver, as industries seek to optimize production processes and reduce costs.

Moreover, the digital market analysis of Silver prices has become increasingly sophisticated. With the rise of data analytics and machine learning, businesses can now predict market trends and make informed decisions. The Metals-API provides developers with the tools to harness this data, enabling them to create applications that can analyze Silver price fluctuations and provide insights into market behavior.

API Description

The Metals-API is a powerful tool designed for developers looking to integrate real-time metals data into their applications. With its innovative capabilities, the API allows users to access a wealth of information about various metals, including Silver. This API is not just about fetching data; it represents a transformative potential for businesses aiming to leverage real-time information for competitive advantage.

One of the standout features of the Metals-API is its ability to provide real-time exchange rates, historical data, and various endpoints tailored to specific needs. Developers can utilize this API to build next-generation applications that require accurate and timely metals data.

Key Features and Endpoints

The Metals-API offers a range of endpoints that cater to different requirements. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for Silver and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to make quick decisions based on the latest market conditions.

{
        "success": true,
        "timestamp": 1743552494,
        "base": "USD",
        "date": "2025-04-02",
        "rates": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912,
            "XPD": 0.000744
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

For those interested in analyzing trends over time, the Historical Rates Endpoint allows access to historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve past data, which is invaluable for market analysis and forecasting.

{
        "success": true,
        "timestamp": 1743466094,
        "base": "USD",
        "date": "2025-04-01",
        "rates": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915,
            "XPD": 0.000748
        },
        "unit": "per troy ounce"
    }

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for Silver and other metals. This information is crucial for traders who need to understand the market's current buying and selling prices.

{
        "success": true,
        "timestamp": 1743552494,
        "base": "USD",
        "date": "2025-04-02",
        "rates": {
            "XAU": {
                "bid": 0.000481,
                "ask": 0.000483,
                "spread": 2.0e-6
            },
            "XAG": {
                "bid": 0.0381,
                "ask": 0.0382,
                "spread": 0.0001
            }
        },
        "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 businesses that deal with multiple currencies and need to calculate values quickly.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XAU",
            "amount": 1000
        },
        "info": {
            "timestamp": 1743552494,
            "rate": 0.000482
        },
        "result": 0.482,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series Endpoint enables users to query the API for daily historical rates between two dates of their choice. This feature is essential for analyzing trends over specific periods, allowing developers to build applications that can visualize price movements effectively.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-03-26",
        "end_date": "2025-04-02",
        "base": "USD",
        "rates": {
            "2025-03-26": {
                "XAU": 0.000485,
                "XAG": 0.03825
            },
            "2025-04-02": {
                "XAU": 0.000482,
                "XAG": 0.03815
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how prices fluctuate on a day-to-day basis. This feature is particularly useful for traders looking to understand market volatility and make informed decisions.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-03-26",
        "end_date": "2025-04-02",
        "base": "USD",
        "rates": {
            "XAG": {
                "start_rate": 0.03825,
                "end_rate": 0.03815,
                "change": -0.0001,
                "change_pct": -0.26
            }
        },
        "unit": "per troy ounce"
    }

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

The OHLC Price Endpoint allows users to retrieve the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on candlestick patterns and other technical analysis methods.

{
        "success": true,
        "timestamp": 1743552494,
        "base": "USD",
        "date": "2025-04-02",
        "rates": {
            "XAG": {
                "open": 0.03825,
                "high": 0.0383,
                "low": 0.0381,
                "close": 0.03815
            }
        },
        "unit": "per troy ounce"
    }

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for businesses that need to analyze long-term trends in metal prices.

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.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers looking to integrate real-time Silver prices and other metals data into their applications. With its extensive range of endpoints and features, this API empowers businesses to make informed decisions based on accurate and timely information. Whether you are a trader, investor, or manufacturer, leveraging the capabilities of the Metals-API can provide a significant competitive edge in the dynamic world of precious metals.

For further exploration, visit the Metals-API Documentation to understand how to implement these features effectively and maximize the potential of your applications.