How to Retrieve Kochi Gold (XAU-KOCH) Historical Prices with Metals-API
How to Retrieve Kochi Gold (XAU-KOCH) Historical Prices with Metals-API
In the ever-evolving landscape of precious metals trading, the ability to access historical price data is crucial for informed decision-making. Kochi Gold (XAU-KOCH) represents a significant asset in this domain, and utilizing the Metals-API can empower developers and traders alike to retrieve and analyze historical prices effectively. This blog post will delve into the intricacies of Kochi Gold, the transformative capabilities of the Metals-API, and how to leverage its features to access historical price data.
About Gold (XAU)
Gold has long been considered a safe haven asset, a hedge against inflation, and a store of value. In recent years, the digital transformation in precious metals has reshaped how investors and traders interact with this valuable commodity. The integration of technology in trading has led to innovative solutions for price discovery, enabling real-time data analytics and market insights.
The rise of digital asset solutions has made it easier for traders to access historical data, analyze trends, and make informed decisions. With the Metals-API, developers can harness the power of real-time metals data to build next-generation applications that cater to the needs of modern investors.
API Description
The Metals-API is a powerful tool that provides access to real-time and historical data for various metals, including gold, silver, platinum, and palladium. This API empowers developers to create applications that can analyze market trends, track price fluctuations, and convert currencies seamlessly. The transformative potential of real-time metals data cannot be overstated, as it allows for the development of sophisticated trading platforms and analytical tools.
For more information about the API, visit the Metals-API Website or check out 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, allowing users to access the latest rates, historical data, and much more. 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 traders who need to stay informed about current market conditions.
{
"success": true,
"timestamp": 1743207159,
"base": "USD",
"date": "2025-03-29",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
The Historical Rates Endpoint allows users to access historical exchange rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve valuable historical data that can be used for analysis and forecasting.
{
"success": true,
"timestamp": 1743120759,
"base": "USD",
"date": "2025-03-28",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"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 crucial for traders looking to make informed buying and selling decisions.
{
"success": true,
"timestamp": 1743207159,
"base": "USD",
"date": "2025-03-29",
"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 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": 1743207159,
"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 analyzing trends over specific periods, enabling traders to make data-driven decisions.
{
"success": true,
"timeseries": true,
"start_date": "2025-03-22",
"end_date": "2025-03-29",
"base": "USD",
"rates": {
"2025-03-22": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-03-24": {
"XAU": 0.000483,
"XAG": 0.0382
},
"2025-03-29": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for traders who want to understand market volatility and make informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-03-22",
"end_date": "2025-03-29",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}Carat Endpoint
The Carat Endpoint allows users to retrieve information about gold rates by carat. This feature is particularly useful for jewelers and traders dealing with gold in various purities.
{
"success": true,
"timestamp": 1743207159,
"base": "USD",
"date": "2025-03-29",
"rates": {
"24K": 0.000482,
"22K": 0.000441,
"18K": 0.000367
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specific date. This feature is useful for traders looking to identify price extremes and make strategic decisions.
{
"success": true,
"timestamp": 1743207159,
"base": "USD",
"date": "2025-03-29",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"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 crucial for technical analysis and helps traders understand market trends.
{
"success": true,
"timestamp": 1743207159,
"base": "USD",
"date": "2025-03-29",
"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 traders dealing with industrial metals and looking for historical context.
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 offers a robust solution for retrieving historical prices of Kochi Gold (XAU-KOCH) and other precious metals. By leveraging its various endpoints, developers can create powerful applications that provide real-time insights and historical data analysis. The integration of technology in precious metals trading not only enhances market efficiency but also empowers traders with the tools they need to succeed.
For developers looking to implement these features, the Metals-API Documentation is an invaluable resource that provides detailed guidance on API usage, endpoints, and response structures. By understanding the capabilities of the Metals-API, traders can harness the full potential of historical price data and make informed decisions in the dynamic world of precious metals trading.