Get Mumbai Gold 24k (MUMB-24k) prices using this API

Get Mumbai Gold 24k (MUMB-24k) Prices Using This API

In today's digital age, the demand for real-time data in trading and investment has surged, particularly in the precious metals market. One of the most sought-after metals is gold, represented by the symbol XAU. The ability to access accurate and timely gold prices is crucial for investors, traders, and developers alike. This is where the Metals-API comes into play, offering a robust solution for retrieving gold prices and other metal data efficiently.

Metals-API Information

The Metals-API is a powerful tool designed for developers looking to integrate real-time and historical metal prices into their applications. With its extensive capabilities, the API allows users to access various endpoints that provide valuable insights into the precious metals market. This includes everything from the latest rates to historical data, making it an essential resource for anyone involved in trading or investing in metals.

About Gold (XAU)

Gold has long been a symbol of wealth and stability. In recent years, the digital transformation in precious metals has revolutionized how investors and traders interact with this valuable asset. The integration of data analytics and market insights has enabled a more informed approach to trading, allowing for better decision-making based on real-time data.

Technological advancements have also played a significant role in price discovery for gold. With the rise of digital asset solutions, investors can now access gold prices instantly, facilitating quicker transactions and enhancing market efficiency. The Metals-API exemplifies this innovation, providing developers with the tools necessary to create next-generation applications that leverage real-time metals data.

API Description

The Metals-API is designed to empower developers by providing a comprehensive suite of features that enhance the trading experience. Its capabilities include:

  • Real-time Data Access: The API delivers up-to-date exchange rate data for various metals, ensuring that users have the most current information at their fingertips.
  • Historical Data: Users can access historical rates dating back to 2019, allowing for in-depth analysis and trend identification.
  • Bid and Ask Prices: The API provides real-time bid and ask prices, enabling traders to make informed decisions based on market conditions.
  • Currency Conversion: The conversion endpoint allows users to convert amounts between different metals and currencies seamlessly.
  • Time-Series Data: Users can query daily historical rates between two dates, facilitating trend analysis over time.
  • Fluctuation Tracking: The fluctuation endpoint provides insights into how metal prices change over specific periods, helping traders understand market volatility.
  • Carat Information: The API includes a carat endpoint that allows users to retrieve gold rates by carat, catering to specific market needs.
  • Open/High/Low/Close (OHLC) Data: This endpoint provides essential data for traders looking to analyze market performance over specific periods.
  • News Updates: The API also offers news articles related to various metals, keeping users informed about market trends and developments.

For detailed information on how to utilize these features, developers can refer to the Metals-API Documentation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs within the precious metals market. Here’s a closer look at some of the key features:

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for all available metals. Depending on the subscription plan, this data can be updated every 60 minutes, every 10 minutes, or even more frequently. This feature is particularly useful for traders who need to make quick decisions based on the latest market conditions.

{
    "success": true,
    "timestamp": 1743562888,
    "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

Accessing historical rates is crucial for analyzing market trends. The Historical Rates endpoint allows users to retrieve data for most currencies dating back to 2019. By appending a specific date to the API request, users can obtain historical exchange rates, which can be invaluable for back-testing trading strategies.

{
    "success": true,
    "timestamp": 1743476488,
    "base": "USD",
    "date": "2025-04-01",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid and Ask Endpoint

The Bid and Ask endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for metals. This information is essential for traders looking to execute orders at the best possible prices.

{
    "success": true,
    "timestamp": 1743562888,
    "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 traders who operate in multiple currencies and need to quickly assess the value of their holdings.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743562888,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series endpoint allows users to query the API for daily historical rates between two dates of their choice. This is particularly useful for analyzing trends over specific periods and making informed trading decisions.

{
    "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 information about how currencies fluctuate on a day-to-day basis. This feature is essential for traders looking to understand market volatility and make informed decisions based on price movements.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-26",
    "end_date": "2025-04-02",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price endpoint allows users to query the API for the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make trading decisions.

{
    "success": true,
    "timestamp": 1743562888,
    "base": "USD",
    "date": "2025-04-02",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "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 users interested in the London Metal Exchange prices.

{
    "success": true,
    "timestamp": 1743476488,
    "base": "USD",
    "date": "2025-04-01",
    "rates": {
        "XAU": 0.000485
    },
    "unit": "per troy ounce"
}

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 integrate specific metals into their applications.

Conclusion

The Metals-API is a transformative tool for developers and traders in the precious metals market. With its extensive features and capabilities, it empowers users to access real-time and historical data, enabling informed trading decisions. Whether you are looking to retrieve the latest gold prices, analyze historical trends, or convert between different metals, the Metals-API provides the necessary tools to enhance your trading experience.

For more information on how to implement these features and to explore the full capabilities of the API, visit the Metals-API Documentation. Embrace the future of trading with the Metals-API and unlock the potential of real-time metals data.

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