Get Mumbai Gold (XAU-MUMB) prices for financial modeling using this API

Get Mumbai Gold (XAU-MUMB) Prices for Financial Modeling Using This API

In the ever-evolving landscape of financial modeling, the demand for accurate and real-time data is paramount. For those interested in precious metals, particularly gold, the Metals-API offers a robust solution to access Mumbai Gold (XAU-MUMB) prices. This blog post delves into the intricacies of the Metals-API, its capabilities, and how it can empower developers to create innovative applications that leverage real-time metals data.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of financial markets, serving as a safe haven asset and a hedge against inflation. The digital transformation in precious metals trading has opened new avenues for data analytics and market insights. With the integration of technology in trading, the price discovery process has become more innovative, allowing traders and investors to make informed decisions based on real-time data.

The rise of digital asset solutions has further enhanced the accessibility of gold trading. By utilizing APIs like Metals-API, developers can create applications that provide users with up-to-date gold prices, historical trends, and analytical insights, thus transforming how investors interact with this precious metal.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API is designed to empower developers to build next-generation applications that require accurate metals pricing and conversion capabilities. With its innovative features, the Metals-API allows users to access a wealth of information that can enhance trading strategies and financial modeling.

For more information, 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 that cater to different needs, making it a versatile tool for developers. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes. This feature is crucial for traders who need to make quick decisions based on the latest market conditions.

{
"success": true,
"timestamp": 1770423158,
"base": "USD",
"date": "2026-02-07",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}

Historical Rates Endpoint

This endpoint allows users to access historical rates for most currencies dating back to 2019. By appending a specific date to the API call, developers can retrieve valuable historical data that can be used for trend analysis and forecasting.

{
"success": true,
"timestamp": 1770336758,
"base": "USD",
"date": "2026-02-06",
"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": 1770423158,
"base": "USD",
"date": "2026-02-07",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"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 need to quickly assess the value of their holdings in different currencies.

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1770423158,
"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 feature is invaluable for conducting in-depth analyses of price movements over time.

{
"success": true,
"timeseries": true,
"start_date": "2026-01-31",
"end_date": "2026-02-07",
"base": "USD",
"rates": {
"2026-01-31": {
"XAU": 0.000485
},
"2026-02-07": {
"XAU": 0.000482
}
},
"unit": "per troy ounce"
}

Fluctuation Endpoint

Using the Fluctuation Endpoint, users can retrieve information about how currencies fluctuate on a day-to-day basis. This data is crucial for understanding market volatility and making informed trading decisions.

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-31",
"end_date": "2026-02-07",
"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 provides users with the open, high, low, and close prices for a specific time period. This data is essential for traders who rely on candlestick patterns and other technical analysis tools.

{
"success": true,
"timestamp": 1770423158,
"base": "USD",
"date": "2026-02-07",
"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 feature is particularly useful for users interested in the London Metal Exchange 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 and historical metals data into their applications. With features like the Latest Rates, Historical Rates, and various conversion endpoints, the API empowers users to make data-driven decisions in the precious metals market. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance trading strategies and financial modeling.

For more detailed information on how to implement these features, visit the Metals-API Documentation. Embrace the digital transformation in precious metals trading and unlock the potential of real-time data with the Metals-API.