Get Micro Gold Futures (MGC) Historical Prices with Metals-API

In the world of trading and investment, having access to accurate and timely data is crucial, especially when it comes to precious metals like gold. The Metals-API offers a robust solution for developers and traders looking to obtain historical prices for Micro Gold Futures (MGC) and other metals. This blog post will delve into the capabilities of Metals-API, focusing on how to retrieve historical prices, along with a comprehensive overview of its features, endpoints, and practical applications.

Metals-API Information

Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). With the rise of digital transformation in the precious metals market, the need for accurate data analytics and market insights has never been more critical. Metals-API empowers developers to integrate advanced data solutions into their applications, enabling them to make informed trading decisions.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been considered a safe haven asset and a hedge against inflation. As the financial landscape evolves, the integration of technology in trading practices has transformed how investors approach gold trading. The digital transformation in precious metals trading has led to innovative solutions for price discovery and market analysis.

Data analytics plays a vital role in understanding market trends and making predictions. With Metals-API, developers can leverage real-time data to gain insights into gold price fluctuations, enabling them to react swiftly to market changes. The API's capabilities allow for seamless integration into trading platforms, enhancing user experience and decision-making processes.

Moreover, the API supports various endpoints that cater to different needs, from retrieving the latest rates to accessing historical data. This flexibility allows developers to create applications that are not only responsive but also capable of providing comprehensive market insights.

API Description

The Metals-API is designed with innovation and technological advancement in mind. It provides developers with the tools necessary to build next-generation applications that require real-time metals data. The API is structured to deliver accurate and timely information, ensuring that users can access the data they need when they need it.

For more information, you can visit the Metals-API Website or check the Metals-API Documentation for detailed guidance on how to implement the API in your projects.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to serve specific functions. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, every 10 minutes, or even more frequently, depending on your subscription plan. This is crucial for traders who need to stay updated on market movements.
Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to the API request, users can retrieve past prices for analysis and trend identification.
Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The conversion endpoint enables users to convert amounts between different metals or to/from USD, facilitating easier calculations for traders.
Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, making it easier to analyze trends over time.
Fluctuation Endpoint: Users can track how metal prices fluctuate between two dates, providing valuable insights into market volatility.
Carat Endpoint: This feature provides information about gold rates by carat, which is particularly useful for jewelers and consumers interested in gold jewelry.
Lowest/Highest Price Endpoint: Users can 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: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for those trading on the London Metal Exchange.
API Key: Each user is assigned a unique API key, which must be included in requests to authenticate and authorize access to the API.
API Response: The API returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
Available Endpoints: The Metals-API provides a comprehensive list of endpoints, each serving a unique purpose, which can be found on the Metals-API Supported Symbols page.
Gold Price India Endpoint: This dedicated endpoint retrieves the latest gold price in India, catering to regional market needs.
News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Here are examples of various endpoints and their responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743210086,
    "base": "USD",
    "date": "2025-03-29",
    "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"
}

This response indicates that the request was successful and provides the latest exchange rates for various metals, with the base currency being USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743123686,
    "base": "USD",
    "date": "2025-03-28",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to retrieve historical rates for a specific date, allowing users to analyze past market conditions.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-22",
    "end_date": "2025-03-29",
    "base": "USD",
    "rates": {
        "2025-03-22": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-24": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-29": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of rates, allowing users to visualize trends over a specified period.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743210086,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint allows users to convert amounts between different metals or currencies, providing a straightforward way to handle transactions.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-22",
    "end_date": "2025-03-29",
    "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"
}

This response provides insights into how prices have fluctuated over a specified period, which is essential for traders looking to understand market dynamics.

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

{
    "success": true,
    "timestamp": 1743210086,
    "base": "USD",
    "date": "2025-03-29",
    "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"
}

The OHLC endpoint is particularly useful for technical analysis, allowing traders to assess market performance over a specific period.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743210086,
    "base": "USD",
    "date": "2025-03-29",
    "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"
}

This endpoint provides current bid and ask prices, which are essential for traders looking to execute orders at the best possible prices.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers and traders seeking to access historical prices for Micro Gold Futures (MGC) and other metals. With its comprehensive range of endpoints, the API enables users to retrieve real-time data, analyze historical trends, and make informed trading decisions. The integration of advanced technology and data analytics in the precious metals market is transforming how traders operate, and Metals-API is at the forefront of this evolution.

For further exploration of the API's capabilities, visit the Metals-API Documentation for detailed implementation guidance, or check the Metals-API Supported Symbols page for a complete list of available symbols. By leveraging the power of Metals-API, developers can create innovative applications that enhance trading strategies and market insights.

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Get Micro Gold Futures (MGC) Historical Prices with Metals-API