How to Get Real-Time Bangalore Gold 24k (BANG-24k) Prices with Metals-API

How to Get Real-Time Bangalore Gold 24k (BANG-24k) Prices with Metals-API
Metals-API offers a powerful solution to retrieve real-time prices, including the 24k gold rates in Bangalore. This blog post will guide you through the process of accessing real-time gold prices using the Metals-API, providing step-by-step instructions, example API calls, and insights into the innovative capabilities of this API.
Understanding Gold (XAU) in the Digital Age
Getting Started with Metals-API
Metals-API Website. Once registered, you will receive an API key, which is essential for authenticating your requests. This key must be included in the API calls to access the various endpoints.
Key Features of Metals-API
- Latest Rates Endpoint: Retrieve real-time exchange rate data for gold and other metals. Depending on your subscription plan, this endpoint updates every 60 minutes, every 10 minutes, or even more frequently.
- Historical Rates Endpoint: Access historical rates dating back to 2019. This feature allows you to analyze trends and make data-driven decisions.
- Bid and Ask Endpoint: Get real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
- Convert Endpoint: Easily convert amounts between different metals or currencies, making it simple to assess value across various markets.
- Time-Series Endpoint: Query daily historical rates between two dates, allowing for comprehensive trend analysis.
- Fluctuation Endpoint: Track how prices fluctuate over time, which is essential for understanding market volatility.
- Carat Endpoint: Retrieve gold rates by carat, which is particularly useful for jewelers and consumers looking for specific quality metrics.
- Lowest/Highest Price Endpoint: Find the lowest and highest prices for a specified date, helping you identify market extremes.
- Open/High/Low/Close (OHLC) Price Endpoint: Get detailed price data for a specific time period, which is crucial for technical analysis.
- Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market trends.
- News Endpoint: Stay updated with the latest news articles related to various metals, enhancing your market awareness.
Accessing Real-Time Gold Prices
Making a Request
https://metals-api.com/api/latest?access_key=YOUR_API_KEY&base=USD&symbols=XAU
YOUR_API_KEY with your actual API key. The base
parameter specifies the base currency (in this case, USD), and the symbols
parameter specifies the metal symbol for gold, which is XAU
.
Example Response
{
"success": true,
"timestamp": 1755043658,
"base": "USD",
"date": "2025-08-13",
"rates": {
"XAU": 0.000482
},
"unit": "per troy ounce"
}
rates object contains the current price of gold (XAU) in terms of the base currency (USD). The unit
field specifies that the price is quoted per troy ounce.
Exploring Historical Data
Making a Historical Request
https://metals-api.com/api/historical?access_key=YOUR_API_KEY&date=YYYY-MM-DD&symbols=XAU
YYYY-MM-DD with the desired date. The response will provide the gold price for that specific date.
Example Historical Response
{
"success": true,
"timestamp": 1754957258,
"base": "USD",
"date": "2025-08-12",
"rates": {
"XAU": 0.000485
},
"unit": "per troy ounce"
}
Advanced Features for Developers
Bid and Ask Request
https://metals-api.com/api/bid-ask?access_key=YOUR_API_KEY&symbols=XAU
Example Bid and Ask Response
{
"success": true,
"timestamp": 1755043658,
"base": "USD",
"date": "2025-08-13",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}
Integration Strategies and Use Cases
- Trading Platforms: Build a trading platform that utilizes real-time gold prices to allow users to buy and sell gold seamlessly.
- Investment Analysis Tools: Create tools that analyze historical gold price trends, helping investors make data-driven decisions.
- Market Alerts: Develop a notification system that alerts users when gold prices hit certain thresholds, enabling timely trading actions.
Performance Optimization and Security Considerations
- Rate Limiting: Be mindful of the API's rate limits to avoid throttling. Implement caching strategies to reduce the number of requests made to the API.
- Data Validation: Ensure that all data received from the API is validated and sanitized before use to prevent security vulnerabilities.
- Secure API Key Storage: Store your API key securely and avoid exposing it in client-side code.
Conclusion
Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. With the right tools and knowledge, you can harness the power of real-time metals data to make informed investment decisions.