Get UGL prices using this API for live market updates

Get UGL Prices Using This API for Live Market Updates

In today's fast-paced financial landscape, staying updated with the latest market prices for metals is crucial for traders, investors, and developers alike. The Metals-API provides a robust solution for accessing real-time data on various metals, including Gold (XAU), Silver (XAG), Platinum (XPT), and Palladium (XPD). This blog post will delve into the capabilities of the Metals-API, focusing on its features, endpoints, and how it can empower developers to create innovative applications that leverage live market updates.

Metals-API Information

About Tellurium (TE)

While Tellurium (TE) is not one of the primary metals tracked by the Metals-API, its significance in the broader context of metal markets cannot be overlooked. The digital transformation in metal markets has opened new avenues for technological innovation and advancement. As industries increasingly rely on data analytics and insights, the integration of smart technologies becomes paramount. The future trends in metal markets suggest a growing reliance on real-time data, which is where APIs like Metals-API come into play.

With the rise of data-driven decision-making, the ability to access live market updates through APIs allows businesses to adapt quickly to market fluctuations. The Metals-API stands out by providing developers with the tools necessary to build applications that can analyze trends, forecast prices, and optimize trading strategies.

API Description

The Metals-API is designed to deliver real-time and historical data on metal prices, enabling developers to create applications that require accurate and timely information. The API's capabilities include a variety of endpoints that cater to different needs, from retrieving the latest rates to analyzing historical trends. By leveraging the power of the Metals-API, developers can build next-generation applications that enhance user experience and provide valuable insights into the metal markets.

For comprehensive details on how to utilize the API, developers can refer to the Metals-API Documentation, which outlines the various endpoints, their functionalities, and usage examples.

Key Features and Endpoints

The Metals-API offers a wide range of endpoints that provide different functionalities, each designed to meet specific needs in the metal trading landscape. Here’s a closer look at some of the key features:

• Latest Rates Endpoint: This endpoint returns 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, ensuring that users have access to the most current market data.
• Historical Rates Endpoint: Users can access historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve past data, which is essential for trend analysis and forecasting.
• Bid And Ask Endpoint: This powerful 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 seamless transactions and calculations.
• Time-Series Endpoint: This endpoint allows users to query daily historical rates between two chosen dates, making it easier to analyze trends over specific periods.
• Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and trends.
• Carat Endpoint: This feature allows users to retrieve gold rates by carat, which is particularly useful for jewelers and investors in the jewelry market.
• Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, aiding in market analysis and decision-making.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for traders looking to analyze price movements.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for in-depth analysis of market trends over time.
• 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 delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API features multiple endpoints, each designed to provide specific functionalities tailored to user needs.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
• Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to regional market needs.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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 the API responses is crucial for developers looking to integrate the Metals-API into their applications. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743379685,
    "base": "USD",
    "date": "2025-03-31",
    "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 a successful request, providing the latest exchange rates for various metals relative to USD. Each rate is expressed per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743293285,
    "base": "USD",
    "date": "2025-03-30",
    "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. Developers can use this data for analysis and reporting purposes.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-24",
    "end_date": "2025-03-31",
    "base": "USD",
    "rates": {
        "2025-03-24": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-26": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-31": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for a specified period, allowing developers to visualize trends and fluctuations over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743379685,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates how to convert an amount from one currency to another. In this case, 1000 USD converts to 0.482 troy ounces of gold.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-24",
    "end_date": "2025-03-31",
    "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"
}

The fluctuation endpoint provides insights into how prices have changed over a specified period, which is essential for traders looking to understand market dynamics.

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

{
    "success": true,
    "timestamp": 1743379685,
    "base": "USD",
    "date": "2025-03-31",
    "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"
}

This response provides open, high, low, and close prices for a specific date, which is crucial for technical analysis and trading strategies.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743379685,
    "base": "USD",
    "date": "2025-03-31",
    "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"
}

The bid/ask endpoint provides current bid and ask prices, along with the spread, which is essential for traders looking to execute orders efficiently.

Conclusion

The Metals-API is a powerful tool for developers looking to integrate real-time metal pricing data into their applications. With a wide range of endpoints and features, it empowers users to access live market updates, historical data, and valuable insights into metal price fluctuations. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance trading strategies, optimize decision-making, and provide users with the information they need to navigate the complex world of metal markets.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage. Don't forget to check the Metals-API Supported Symbols page for a comprehensive list of available metal symbols.