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How to retrieve Ludhiana Gold 24k (LUDH-24k) prices using this API

How to retrieve Ludhiana Gold 24k (LUDH-24k) prices using this API

How to retrieve Ludhiana Gold 24k (LUDH-24k) prices using this API

In the world of precious metals trading, staying updated with real-time prices is crucial for investors and traders alike. One of the most sought-after metals is gold, represented by the symbol XAU. For those looking to retrieve Ludhiana Gold 24k (LUDH-24k) prices, leveraging the Metals-API can provide a seamless experience. This blog post will delve into the capabilities of the Metals-API, its various endpoints, and how developers can utilize this powerful tool to access gold prices and other metal data efficiently.

Metals-API Information

About Gold (XAU)

Gold has long been a symbol of wealth and stability, often serving as a hedge against inflation and economic uncertainty. With the digital transformation sweeping across various sectors, the precious metals market is no exception. The integration of technology in trading has revolutionized how investors access and analyze market data. Data analytics plays a pivotal role in providing insights into market trends, enabling traders to make informed decisions.

Moreover, the innovation in price discovery mechanisms has allowed for more accurate and timely pricing of gold and other metals. Digital asset solutions are emerging, allowing for easier transactions and ownership of precious metals. The Metals-API stands at the forefront of this transformation, offering developers the tools they need to build next-generation applications that can tap into real-time metals data.

API Description

The Metals-API is designed to provide developers with 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 track prices, analyze trends, and provide valuable insights into the metals market.

With its robust architecture, the Metals-API supports a wide range of functionalities, including retrieving the latest rates, historical data, and even performing conversions between different metals and currencies. The API's capabilities extend to tracking fluctuations, providing bid and ask prices, and offering detailed information about carat values for gold. This level of detail is essential for developers aiming to create comprehensive trading platforms or financial applications.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability for developers:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently. This is crucial for traders who need the latest pricing information to make timely decisions.
  • Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
  • Bid And Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and helping traders gauge the best times to buy or sell.
  • Convert Endpoint: This endpoint enables the conversion of any amount from one metal to another or to/from USD, facilitating easy transactions and calculations for traders.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This is particularly useful for analyzing price movements over specific periods.
  • Fluctuation Endpoint: Retrieve information about how metal prices fluctuate on a day-to-day basis, helping traders understand market volatility.
  • Carat Endpoint: Get detailed information about gold rates by carat, which is essential for jewelers and consumers looking to buy gold jewelry.
  • Lowest/Highest Price Endpoint: Query the API to find the lowest and highest prices for metals over a specified period, aiding in investment decisions.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for metals, which are critical for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those trading in industrial metals.
  • API Key: Your unique API key is essential for accessing the API and should be included in the base URL's access_key parameter.
  • 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 providing distinct functionalities tailored to various user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metal symbols, ensuring users have access to the latest data.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping traders stay informed about market movements.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints and their JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1747357370,
    "base": "USD",
    "date": "2025-05-16",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1747270970,
    "base": "USD",
    "date": "2025-05-15",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-09",
    "end_date": "2025-05-16",
    "base": "USD",
    "rates": {
        "2025-05-09": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-11": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-16": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747357370,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-09",
    "end_date": "2025-05-16",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1747357370,
    "base": "USD",
    "date": "2025-05-16",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1747357370,
    "base": "USD",
    "date": "2025-05-16",
    "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"
}

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data for precious metals like gold. With its comprehensive set of endpoints, developers can create applications that not only track prices but also analyze trends and provide insights into the metals market. By leveraging the capabilities of the Metals-API, developers can build robust trading platforms that cater to the needs of investors and traders alike.

For more information, be sure to check out the Metals-API Documentation, which provides detailed guidance on how to implement these features effectively. Additionally, the Metals-API Supported Symbols page offers a comprehensive list of all available metal symbols, ensuring you have the necessary data at your fingertips. Finally, visit the Metals-API Website for further insights and updates on this powerful API.

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