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Monitor real-time Hyderabad Gold (XAU-HYDE) - Per Ounce prices using this API

Monitor real-time Hyderabad Gold (XAU-HYDE) - Per Ounce prices using this API

Monitor real-time Hyderabad Gold (XAU-HYDE) - Per Ounce prices using this API

Monitor Real-Time Hyderabad Gold (XAU-HYDE) - Per Ounce Prices Using Metals-API

In today's fast-paced financial landscape, the ability to monitor real-time gold prices, particularly in markets like Hyderabad, is crucial for traders, investors, and developers alike. The Metals-API provides a powerful solution for accessing up-to-the-minute data on gold (XAU) and other precious metals. This blog post will delve into the intricacies of the Metals-API, its capabilities, and how it can be leveraged to gain insights into the gold market.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. As a precious metal, it plays a vital role in various markets, including jewelry, electronics, and as a hedge against inflation. The digital transformation in the precious metals sector has opened new avenues for data analytics and market insights. With the integration of technology in trading, investors can now access real-time data that enhances their decision-making processes.

The innovation in price discovery mechanisms has been significantly influenced by the advent of digital asset solutions. The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to build next-generation applications that can analyze and interpret gold price movements effectively.

Understanding Metals-API

The Metals-API is a comprehensive solution designed to provide real-time and historical data on various metals, including gold, silver, platinum, and palladium. This API empowers developers to create applications that can track market trends, analyze price fluctuations, and convert currencies seamlessly. With its robust features, the Metals-API is an essential tool for anyone looking to engage with the metals market.

For detailed information on how to implement the API, developers can refer to the Metals-API Documentation, which provides extensive guidance on usage, endpoints, and response structures.

Key Features of Metals-API

The Metals-API offers a variety of endpoints that cater to different needs within the metals market. Here are some of the key features:

  • Latest Rates Endpoint: This 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, ensuring that users have access to the most current market information.
  • Historical Rates Endpoint: Users can access historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices for analysis and trend identification.
  • Bid and Ask Endpoint: This feature allows users to obtain real-time bid and ask prices for metals, which is essential for traders looking to make informed decisions based on market spreads.
  • Convert Endpoint: The API includes a currency conversion feature that enables users to convert amounts from one metal to another or to/from USD, facilitating seamless transactions.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, providing insights into price trends over time.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
  • Carat Endpoint: This feature provides gold rates by carat, allowing jewelers and consumers to understand pricing based on purity.
  • Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for a specific date, which is useful for identifying market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides the open, high, low, and close prices for a specified date, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for long-term analysis.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users are aware of the latest offerings.
  • Gold Price India Endpoint: Retrieve the latest gold price specifically for India, catering to local market needs.
  • News Endpoint: Stay updated with the latest news articles related to various metals, which can influence market movements.

For a complete list of supported symbols, developers can visit the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for effective integration. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745453606,
    "base": "USD",
    "date": "2025-04-24",
    "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 the current exchange rates for various metals, with the base currency being USD. The "rates" object contains the price per troy ounce for each metal.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745367206,
    "base": "USD",
    "date": "2025-04-23",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows historical rates for a specific date, allowing users to analyze past performance and trends.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-17",
    "end_date": "2025-04-24",
    "base": "USD",
    "rates": {
        "2025-04-17": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-19": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-24": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily rates over a specified period, enabling users to visualize trends and fluctuations in metal prices.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745453606,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The Convert Endpoint allows users to convert a specified amount from one currency to another. In this case, it converts 1000 USD to troy ounces of gold.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-17",
    "end_date": "2025-04-24",
    "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 tracks the fluctuations in metal prices over a specified period, providing insights into market volatility.

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

{
    "success": true,
    "timestamp": 1745453606,
    "base": "USD",
    "date": "2025-04-24",
    "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 the open, high, low, and close prices for a specific date, which is essential for traders conducting technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745453606,
    "base": "USD",
    "date": "2025-04-24",
    "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"
}

This endpoint provides the current bid and ask prices for metals, which is crucial for traders looking to execute buy or sell orders effectively.

Conclusion

The Metals-API is a powerful tool for developers and traders seeking to monitor real-time gold prices and other precious metals. With its extensive range of endpoints, including the latest rates, historical data, and conversion capabilities, the API empowers users to make informed decisions based on accurate and timely information. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance trading strategies and market analysis.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the comprehensive Metals-API Documentation for detailed guidance on implementation and usage. To view the full list of supported symbols, check out the Metals-API Supported Symbols page.

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