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Get Micro Gold Futures (MGC) Historical Prices using this API

Get Micro Gold Futures (MGC) Historical Prices using this API

Get Micro Gold Futures (MGC) Historical Prices using this API

Get Micro Gold Futures (MGC) Historical Prices using this API

In the ever-evolving landscape of financial markets, the demand for precise and timely data has never been greater. For those interested in trading or investing in precious metals, particularly gold, having access to historical prices is crucial. The Metals-API provides a robust solution for developers looking to integrate real-time and historical data for gold and other metals into their applications. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for Micro Gold Futures (MGC) and explore the broader implications of digital transformation in precious metals trading.

Metals-API Information

The Metals-API is a powerful tool designed for developers who require accurate and real-time data on precious metals. It offers a wide range of endpoints that allow users to access the latest rates, historical data, and various other functionalities that can enhance trading strategies and market analysis. By leveraging this API, developers can create applications that provide insights into market trends, price fluctuations, and historical performance.

About Gold (XAU)

Gold, represented by the symbol XAU, has been a cornerstone of wealth and investment for centuries. In recent years, the digital transformation of the financial sector has significantly impacted how gold is traded and valued. The integration of technology in trading has led to innovative solutions for price discovery, allowing traders to access real-time data and analytics that were previously unavailable.

Data analytics plays a crucial role in understanding market dynamics. With the Metals-API, developers can harness the power of data to gain insights into gold price trends, enabling them to make informed decisions. The API's capabilities allow for the analysis of historical prices, which can be essential for identifying patterns and forecasting future movements.

Furthermore, the integration of digital asset solutions has opened new avenues for trading gold. Investors can now trade gold in various forms, including digital tokens and futures contracts. The Metals-API supports these innovations by providing accurate pricing data that is essential for executing trades effectively.

API Description

The Metals-API is designed to empower developers with the tools they need to build next-generation applications that require real-time metals data. Its innovative features allow for seamless integration into existing systems, enabling users to access a wealth of information at their fingertips. The API supports various functionalities, including retrieving the latest rates, historical prices, and even converting between different metals and currencies.

For detailed documentation on how to implement the API, visit the Metals-API Documentation. Here, you will find comprehensive guides on how to utilize each endpoint effectively.

Key Features and Endpoints

The Metals-API offers several key features that are particularly beneficial for developers working with gold and other precious metals:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need the most current pricing information to make timely decisions.
  • Historical Rates Endpoint: Historical rates are available for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical prices for gold, allowing for in-depth analysis of price trends over time.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for gold and other metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for traders operating in different markets.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice. This feature is invaluable for analyzing price movements over specific periods.
  • Fluctuation Endpoint: This endpoint provides information about how prices fluctuate on a day-to-day basis, allowing traders to assess volatility and make informed decisions.
  • Carat Endpoint: Users can retrieve information about gold rates by carat, which is essential for jewelers and those involved in the jewelry market.
  • Lowest/Highest Price Endpoint: This endpoint allows users to query the API to get the lowest and highest prices for gold over a specified period, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access the open, high, low, and close prices for gold, which are critical for technical analysis and trading strategies.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, which is beneficial for those tracking industrial metals.
  • API Key: Each user is assigned a unique API key that must be included in API requests to authenticate and authorize access.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API comes with a comprehensive list of endpoints, each providing different functionalities tailored to various user needs.
  • Supported Symbols Endpoint: This endpoint returns all available currencies and metals, allowing users to stay updated on the latest offerings.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India, which is particularly useful for traders in the Indian market.
  • News Endpoint: This feature allows users to 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. This resource is invaluable for developers looking to understand the full scope of available data.

API Endpoint Examples and Responses

Latest Rates Endpoint

To get real-time exchange rates for all available metals, you can use the following example response:

{
    "success": true,
    "timestamp": 1746079224,
    "base": "USD",
    "date": "2025-05-01",
    "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 with the following example response:

{
    "success": true,
    "timestamp": 1745992824,
    "base": "USD",
    "date": "2025-04-30",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

To get exchange rates for a specific time period, you can use the following example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-24",
    "end_date": "2025-05-01",
    "base": "USD",
    "rates": {
        "2025-04-24": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-26": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-01": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

To convert any amount from one metal to another or to/from USD, you can use the following example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746079224,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

To track rate fluctuations between two dates, you can use the following example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-24",
    "end_date": "2025-05-01",
    "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

To get OHLC data for a specific time period, you can use the following example response:

{
    "success": true,
    "timestamp": 1746079224,
    "base": "USD",
    "date": "2025-05-01",
    "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

To get current bid and ask prices for metals, you can use the following example response:

{
    "success": true,
    "timestamp": 1746079224,
    "base": "USD",
    "date": "2025-05-01",
    "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

In conclusion, the Metals-API offers a comprehensive suite of tools for developers looking to access historical prices and real-time data for gold and other precious metals. By utilizing the various endpoints, developers can create applications that provide valuable insights into market trends, price fluctuations, and trading opportunities. The integration of technology in precious metals trading has transformed the landscape, allowing for more informed decision-making and innovative trading strategies.

For those interested in exploring the full capabilities of the Metals-API, I encourage you to visit the Metals-API Website for more information. Additionally, the Metals-API Documentation provides detailed guidance on implementing the API effectively, while the Metals-API Supported Symbols page offers a comprehensive list of available metal symbols.

As the financial landscape continues to evolve, staying informed and equipped with the right tools is essential for success in trading precious metals. The Metals-API stands out as a powerful resource for developers seeking to harness the potential of real-time and historical metals data.

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