How to Retrieve Madurai Gold 22k (MADU-22k) Historical Prices via Metals-API

In the world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For those interested in Madurai Gold 22k (MADU-22k), retrieving historical prices can be a game-changer. This blog post will guide you through the process of obtaining historical prices using the Metals-API, a powerful tool that provides real-time and historical data on various metals, including gold.

Metals-API Information

The Metals-API is a robust platform designed for developers and businesses that require precise and up-to-date information on metal prices. It offers a wide range of functionalities, including real-time exchange rates, historical data, and various endpoints tailored to meet the needs of different users. The API is particularly useful for those involved in trading, investment, and market analysis.

About Gold (XAU)

Gold, represented by the symbol XAU, has been a cornerstone of wealth and investment for centuries. Its value is influenced by various factors, including market demand, geopolitical stability, and economic indicators. In recent years, the digital transformation in precious metals has revolutionized how traders and investors access and analyze gold data. With the integration of data analytics and technology, market insights have become more accessible, allowing for innovative approaches to price discovery.

The Metals-API plays a significant role in this transformation, offering developers the tools needed to build next-generation applications that leverage real-time metals data. By utilizing the API, users can gain insights into market trends, track price fluctuations, and make informed decisions based on historical data.

API Description

The Metals-API is designed to empower developers with the ability to access a wealth of information about precious metals. Its capabilities include:

Real-Time Data: Access to the latest rates for various metals, updated frequently based on your subscription plan.
Historical Data: Retrieve historical prices dating back to 2019, allowing for comprehensive market analysis.
Bid and Ask Prices: Get real-time bid and ask prices, essential for traders looking to make quick decisions.
Currency Conversion: Convert amounts between different metals and currencies effortlessly.
Time-Series Data: Analyze price trends over specific periods to identify patterns and make predictions.
Fluctuation Tracking: Monitor how prices change over time, providing insights into market volatility.
Carat Information: Access gold rates based on carat, which is crucial for jewelers and consumers alike.
OHLC Data: Obtain open, high, low, and close prices for detailed market analysis.
News Updates: Stay informed with the latest news articles related to various metals.

For more detailed information about the API's capabilities, you can refer to the Metals-API Documentation.

Key Features and Endpoints

The Metals-API offers several endpoints that cater to different needs. Here’s a closer look at some of the most important features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for all available metals. Depending on your subscription plan, this data can be updated every 60 minutes or even more frequently. This endpoint is essential for traders who need to make quick decisions based on the most current market conditions.

{
    "success": true,
    "timestamp": 1744858897,
    "base": "USD",
    "date": "2025-04-17",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

The response includes a timestamp, the base currency (USD), the date of the rates, and the rates for various metals. Understanding these fields is crucial for developers looking to integrate this data into their applications.

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. This is particularly useful for analyzing trends over time and making predictions based on past performance.

{
    "success": true,
    "timestamp": 1744772497,
    "base": "USD",
    "date": "2025-04-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

In this response, the date field indicates when the rates were applicable, and the rates object contains the historical prices for each metal. This data can be invaluable for conducting thorough market analyses.

Time-Series Endpoint

The Time-Series Endpoint enables users to query the API for daily historical rates between two specified dates. This feature is particularly useful for identifying trends and fluctuations over a defined period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-10",
    "end_date": "2025-04-17",
    "base": "USD",
    "rates": {
        "2025-04-10": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-12": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-17": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides a comprehensive view of how prices have changed over time, allowing developers to create visualizations or reports based on the data.

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 metals.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744858897,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The response includes the conversion query, the rate at which the conversion was made, and the result of the conversion. This information is essential for users looking to manage their investments effectively.

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how metal prices fluctuate between two dates. This is crucial for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-10",
    "end_date": "2025-04-17",
    "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 endpoint's response includes the starting and ending rates, the change in price, and the percentage change. Understanding these fluctuations can help traders make strategic decisions.

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 essential for traders looking to analyze market trends and make predictions based on historical performance.

{
    "success": true,
    "timestamp": 1744858897,
    "base": "USD",
    "date": "2025-04-17",
    "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"
}

This response provides a detailed view of price movements throughout the day, allowing traders to assess market behavior effectively.

Bid/Ask Endpoint

The Bid/Ask Endpoint allows users to retrieve current bid and ask prices for metals. This information is crucial for traders who need to make quick decisions based on the current market conditions.

{
    "success": true,
    "timestamp": 1744858897,
    "base": "USD",
    "date": "2025-04-17",
    "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 response includes the bid and ask prices along with the spread, which is the difference between the two. Understanding these values is essential for traders looking to optimize their buying and selling strategies.

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. This is particularly useful for developers looking to integrate multiple metal types into their applications.

Conclusion

Retrieving historical prices for Madurai Gold 22k (MADU-22k) using the Metals-API is a straightforward process that can significantly enhance your trading and investment strategies. By leveraging the various endpoints offered by the API, developers can access real-time and historical data, analyze market trends, and make informed decisions based on comprehensive insights.

With features like the Latest Rates Endpoint, Historical Rates Endpoint, and Time-Series Endpoint, the Metals-API provides a robust framework for accessing critical market data. Whether you are a trader, investor, or developer, understanding how to utilize these endpoints effectively can lead to better decision-making and improved outcomes in the precious metals market.

For further exploration of the API's capabilities, be sure to check out the Metals-API Documentation. This resource will provide you with the necessary information to implement these features effectively and maximize the potential of your applications.

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How to Retrieve Madurai Gold 22k (MADU-22k) Historical Prices via Metals-API