Get Ludhiana Gold 24k (LUDH-24k) prices using this API

Get Ludhiana Gold 24k (LUDH-24k) Prices Using This API

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is paramount for developers and traders alike. The Metals-API provides a robust solution for obtaining accurate and timely information on gold prices, including the Ludhiana Gold 24k (LUDH-24k). This blog post will delve into the intricacies of the Metals-API, exploring its capabilities, features, and how it can empower developers to create innovative applications in the precious metals market.

Metals-API Information

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including gold, silver, platinum, and palladium. With its user-friendly interface and comprehensive documentation, the API allows for seamless integration into applications, enabling users to access vital market insights and analytics.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been regarded as a safe-haven asset and a store of value. In recent years, the digital transformation in precious metals trading has revolutionized how investors and traders interact with this valuable commodity. The integration of data analytics and technology into trading practices has opened new avenues for price discovery and market insights.

As the demand for digital asset solutions grows, the importance of real-time data becomes increasingly evident. The Metals-API provides developers with the tools necessary to harness this data, allowing for the creation of applications that can analyze market trends, track price fluctuations, and provide users with actionable insights.

API Description

The Metals-API stands out for its innovative approach to delivering real-time metals data. By leveraging advanced technology, the API empowers developers to build next-generation applications that can respond to market changes instantaneously. With capabilities such as real-time exchange rates, historical data access, and currency conversion, the Metals-API is an essential resource for anyone involved in the precious metals market.

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

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to cater to specific needs within the precious metals market. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated at intervals based on your subscription plan. For example, if you subscribe to the most frequent updates, you can receive data every 10 minutes, ensuring you have the latest information at your fingertips.
Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This feature is invaluable for analyzing trends over time and making informed investment decisions.
Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals, allowing traders to make quick decisions based on the current market conditions.
Convert Endpoint: This endpoint enables users to convert any amount from one metal to another or to/from USD, facilitating seamless transactions across different currencies.
Time-Series Endpoint: Query the API for daily historical rates between two chosen dates, providing a comprehensive view of price movements over time.
Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, offering insights into market volatility and trends.
Carat Endpoint: Retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers looking to understand the value of gold jewelry.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, helping traders identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for a specific time period, which is crucial for technical analysis and trading strategies.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term perspective on market trends.
API Key: Your unique API key is essential for accessing the API, ensuring secure and authorized usage.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format for easy integration.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring you have access to the latest information.
Gold Price India Endpoint: Specifically designed to retrieve the latest gold prices in India, this endpoint is invaluable for local traders and investors.
News Endpoint: Stay updated with the latest news articles related to various metals, helping you stay 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

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1743994821,
    "base": "USD",
    "date": "2025-04-07",
    "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": 1743908421,
    "base": "USD",
    "date": "2025-04-06",
    "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": "2025-03-31",
    "end_date": "2025-04-07",
    "base": "USD",
    "rates": {
        "2025-03-31": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-07": {
            "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": 1743994821,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-31",
    "end_date": "2025-04-07",
    "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": 1743994821,
    "base": "USD",
    "date": "2025-04-07",
    "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": 1743994821,
    "base": "USD",
    "date": "2025-04-07",
    "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 developers looking to integrate real-time and historical data on precious metals into their applications. With its comprehensive features, including the ability to access the latest rates, historical data, and various conversion options, the API empowers users to make informed decisions in the dynamic world of metals trading.

By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance user experience and provide critical market insights. For further exploration of the API's features and capabilities, be sure to check out the Metals-API Documentation and the Metals-API Supported Symbols page.

In a market where precision and timeliness are crucial, the Metals-API stands out as a transformative tool that can help developers and traders navigate the complexities of precious metals trading with confidence.

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Documentation

API Endpoints

Knowledge Base

Get Ludhiana Gold 24k (LUDH-24k) prices using this API