How to Retrieve Hyderabad Silver (HYDE-XAG) Prices in Various Currencies Using this API

In today's global economy, accurate and real-time pricing of precious metals like silver is crucial for businesses and investors alike. The Metals-API provides a powerful solution for retrieving the latest silver prices, specifically Hyderabad Silver (HYDE-XAG), in various currencies. This blog post will explore how the Metals-API works, its key features, and how developers can leverage this technology to create innovative applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not only a precious metal but also a critical component in various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern manufacturing. As industries evolve, the demand for silver continues to grow, driven by technological advancements and innovations.

In the realm of digital market analysis, understanding silver prices in real-time can significantly impact investment strategies and business decisions. The integration of smart manufacturing technologies and supply chain innovations further emphasizes the need for accurate pricing data. With the Metals-API, developers can access real-time and historical data, enabling them to build applications that analyze market trends and forecast future prices.

API Description

The Metals-API is designed to provide developers with comprehensive access to metals pricing data. Its capabilities include real-time updates, historical data retrieval, and various endpoints that cater to different business needs. This API empowers developers to create next-generation applications that can transform how businesses interact with precious metals markets.

One of the standout features of the Metals-API is its ability to deliver accurate pricing data in multiple currencies. This is particularly beneficial for businesses operating in international markets, as it allows them to make informed decisions based on current market conditions. The API supports a wide range of currencies, making it easy to convert prices and analyze trends across different regions.

Key Features and Endpoints

The Metals-API offers several endpoints that provide unique functionalities, each designed to cater to specific business requirements. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, the API can return updates every 60 minutes or even every 10 minutes. This feature is essential for businesses that need to stay updated on market fluctuations.
Historical Rates Endpoint: Access to historical rates dating back to 2019 allows businesses to analyze trends over time. By appending a specific date to the API request, users can retrieve past pricing data, which is invaluable for market analysis and forecasting.
Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for silver. Understanding the spread between these prices can help traders make informed decisions about buying and selling.
Convert Endpoint: The conversion endpoint allows users to convert any amount from one currency to another. This is particularly useful for businesses that operate in multiple currencies and need to understand the value of silver in their local currency.
Time-Series Endpoint: Users can query the API for daily historical rates between two dates of their choice. This feature is beneficial for analyzing price movements over specific periods, helping businesses identify trends and make strategic decisions.
Fluctuation Endpoint: This endpoint provides information about how silver prices fluctuate on a day-to-day basis. By tracking these fluctuations, businesses can better understand market volatility and adjust their strategies accordingly.
Carat Endpoint: For those interested in gold, the carat endpoint allows users to retrieve information about gold rates by carat. This feature can be particularly useful for jewelers and gold traders.
Lowest/Highest Price Endpoint: This endpoint allows users to query the API for the lowest and highest prices of silver over a specified period. This information can help businesses identify optimal buying and selling points.
Open/High/Low/Close (OHLC) Price Endpoint: Users can retrieve open, high, low, and close prices for silver over a specified time period. This data is crucial for traders who rely on candlestick charts for technical analysis.
Historical LME Endpoint: Access to historical rates for LME symbols dating back to 2008 provides additional context for market analysis, particularly for businesses involved in international trade.
API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API. This ensures secure and controlled access to the data.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format. This makes it easy for developers to parse and utilize the data in their applications.
Available Endpoints: The Metals-API includes a total of 14 endpoints, each providing different functionalities tailored to meet various business needs.
Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metal symbols, allowing users to stay informed about the latest offerings.
News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them updated on market trends and developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, here are some example responses for key endpoints:

Latest Rates Endpoint

{
"success": true,
"timestamp": 1768523068,
"base": "USD",
"date": "2026-01-16",
"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 that the current price of silver (XAG) is 0.03815 per troy ounce, with the base currency being USD. Such real-time data is crucial for traders and businesses making immediate decisions.

Historical Rates Endpoint

{
"success": true,
"timestamp": 1768436668,
"base": "USD",
"date": "2026-01-15",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This historical data allows businesses to analyze past trends and make informed predictions about future price movements. For example, the price of silver on January 15, 2026, was 0.03825 per troy ounce.

Time-series Endpoint

{
"success": true,
"timeseries": true,
"start_date": "2026-01-09",
"end_date": "2026-01-16",
"base": "USD",
"rates": {
"2026-01-09": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-11": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-16": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

The time-series data enables businesses to visualize price trends over a specific period, facilitating better decision-making based on historical performance.

Convert Endpoint

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1768523068,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This conversion example shows how the API can be used to convert USD to gold (XAU). In this case, 1000 USD is equivalent to 0.482 troy ounces of gold, providing valuable information for businesses involved in precious metals trading.

Fluctuation Endpoint

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-09",
"end_date": "2026-01-16",
"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"
}

This fluctuation data provides insights into how silver prices have changed over a specified period, allowing businesses to gauge market volatility and adjust their strategies accordingly.

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

{
"success": true,
"timestamp": 1768523068,
"base": "USD",
"date": "2026-01-16",
"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"
}

The OHLC data is essential for traders who rely on candlestick charts for technical analysis. It provides a comprehensive view of price movements throughout the trading day.

Bid/Ask Endpoint

{
"success": true,
"timestamp": 1768523068,
"base": "USD",
"date": "2026-01-16",
"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 data is crucial for traders, as it indicates the current market price for buying and selling silver. Understanding the spread can help traders optimize their buying and selling strategies.

Conclusion

The Metals-API provides a robust solution for retrieving Hyderabad Silver (HYDE-XAG) prices in various currencies, empowering developers to create innovative applications that can analyze market trends and optimize trading strategies. With features like real-time updates, historical data access, and various endpoints tailored to specific business needs, the Metals-API is an invaluable resource for businesses operating in the precious metals market.

By leveraging the capabilities of the Metals-API, developers can build applications that not only provide accurate pricing data but also integrate advanced analytics and market insights. Whether it's for trading, investment analysis, or supply chain management, the potential applications are vast and varied.

For more information on how to implement the Metals-API in your applications, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available currencies and metals.

In a world where accurate and timely data is paramount, the Metals-API stands out as a transformative tool for businesses and developers alike. Embrace the future of precious metals trading and analysis with the power of real-time data at your fingertips.

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How to Retrieve Hyderabad Silver (HYDE-XAG) Prices in Various Currencies Using this API