How to retrieve Gurgaon Silver (GURG-XAG) prices using this API

Introduction

In today's fast-paced financial landscape, accessing real-time data is crucial for making informed decisions. One such valuable asset is Silver, represented by the symbol XAG. This blog post will delve into how to retrieve Gurgaon Silver (GURG-XAG) prices using the Metals-API. We will explore the industrial applications of silver, the technological advancements in its manufacturing, and how the Metals-API empowers developers to create innovative applications that leverage real-time metals data.

About Silver (XAG)

Silver, known by its chemical symbol XAG, is not just a precious metal used for jewelry and investment; it plays a pivotal role in various industrial applications. From electronics to solar panels, silver's unique properties make it an essential component in modern technology. The demand for silver is driven by its conductivity, reflectivity, and resistance to corrosion, making it invaluable in sectors such as:

• Industrial Applications: Silver is widely used in electronics, batteries, and photovoltaic cells. Its high electrical conductivity makes it ideal for circuit boards and connectors.
• Technology in Manufacturing: The integration of silver in smart manufacturing processes enhances efficiency and product quality. Innovations in manufacturing technology are leading to more sustainable practices.
• Digital Market Analysis: The digital landscape allows for real-time tracking of silver prices, enabling investors to make timely decisions based on market fluctuations.
• Smart Manufacturing Integration: The use of IoT and AI in manufacturing processes is revolutionizing how silver is produced and utilized, leading to increased productivity and reduced waste.
• Supply Chain Technology: Advanced supply chain technologies are improving the traceability and transparency of silver sourcing, ensuring ethical practices in the industry.

Understanding the Metals-API

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including silver. This API is designed to empower developers to build applications that require accurate and timely metals pricing information. With its extensive capabilities, the Metals-API enables users to access a wide range of features that can transform how they interact with metals data.

Key Features of the Metals-API

The Metals-API offers several endpoints that cater to different needs, allowing developers to retrieve data efficiently. 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 even every 10 minutes. This feature is essential for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1762135237,
    "base": "USD",
    "date": "2025-11-03",
    "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 market analysis and trend forecasting. The Historical Rates endpoint allows users to retrieve data dating back to 2019, providing insights into price movements over time.

{
    "success": true,
    "timestamp": 1762048837,
    "base": "USD",
    "date": "2025-11-02",
    "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 vital for traders looking to make informed decisions based on current market conditions.

{
    "success": true,
    "timestamp": 1762135237,
    "base": "USD",
    "date": "2025-11-03",
    "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 applications that require currency conversion for pricing or trading purposes.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1762135237,
        "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 essential for analyzing trends and making predictions based on historical data.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-10-27",
    "end_date": "2025-11-03",
    "base": "USD",
    "rates": {
        "2025-10-27": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-11-03": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation endpoint provides information about how prices 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": "2025-10-27",
    "end_date": "2025-11-03",
    "base": "USD",
    "rates": {
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price endpoint provides open, high, low, and close prices for a specific time period. This data is essential for traders who analyze price movements to make informed decisions.

{
    "success": true,
    "timestamp": 1762135237,
    "base": "USD",
    "date": "2025-11-03",
    "rates": {
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        }
    },
    "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.

Authentication and API Key

To access the Metals-API, users must obtain an API key. This unique key is passed into the API base URL's access_key parameter. Proper authentication is crucial for ensuring secure access to the API's features.

Performance Optimization and Rate Limiting

When using the Metals-API, developers should be aware of rate limiting and quota management. Understanding these limitations will help optimize application performance and ensure compliance with the API's usage policies.

Common Use Cases

Developers can leverage the Metals-API for various applications, including:

• Trading Platforms: Integrating real-time silver prices into trading platforms allows users to make informed decisions based on current market conditions.
• Market Analysis Tools: Historical data can be used to create analytical tools that help users understand price trends and forecast future movements.
• Financial Applications: Applications that require currency conversion can utilize the Convert endpoint to provide users with accurate pricing information.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers looking to access real-time and historical data for silver and other metals. By understanding the various endpoints and their functionalities, developers can create innovative applications that leverage this data for trading, analysis, and more. With features like the Latest Rates, Historical Rates, and Bid/Ask endpoints, the Metals-API empowers users to make informed decisions in the dynamic metals market. For more information, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive understanding of the available data.