Query Price History of Ludhiana Gold 24k (LUDH-24k) from this API

In today's digital age, the demand for real-time data and historical insights in the precious metals market has surged. One of the most sought-after commodities is gold, particularly the 24k variant, which is often referred to by its symbol, XAU. For developers and traders alike, accessing accurate historical price data is crucial for making informed decisions. This blog post will delve into how to query the price history of Ludhiana Gold 24k (LUDH-24k) using the Metals-API, a powerful tool that provides comprehensive data on precious metals.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, and its value is influenced by various factors, including market demand, geopolitical events, and economic indicators. As the world transitions into a more digital landscape, the integration of technology in trading and data analytics has transformed how investors approach precious metals. The digital transformation in precious metals trading has led to innovative solutions for price discovery and market insights.

With the rise of data analytics, traders can now leverage historical price data to identify trends and make predictions about future movements. The Metals-API plays a pivotal role in this transformation by providing developers with the tools necessary to access real-time and historical data, enabling them to build next-generation applications that cater to the needs of modern traders.

Metals-API Capabilities

The Metals-API is designed to empower developers with a robust set of features that facilitate the retrieval of precious metals data. This API offers a range of endpoints that cater to various needs, from fetching the latest rates to accessing historical data dating back to 2019. The capabilities of the Metals-API are transformative, allowing for seamless integration into trading platforms, financial applications, and market analysis tools.

One of the standout features of the Metals-API is its Latest Rates Endpoint, which provides real-time exchange rate data updated at intervals depending on the subscription plan. This feature is essential for traders who need to stay informed about the current market conditions. For example, a trader can query the latest rates for gold (XAU) and receive a response that includes the current price per troy ounce, enabling them to make timely trading decisions.

Another critical feature is the Historical Rates Endpoint, which allows users to access historical exchange rates for any date since 1999. This endpoint is particularly useful for analyzing past price movements and understanding market trends. By appending a specific date to the API request, developers can retrieve historical data that can be used for backtesting trading strategies or conducting market research.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each serving a unique purpose:

Bid And Ask Endpoint: This endpoint provides real-time bid and ask prices for metals, allowing traders to gauge market sentiment and make informed trading decisions.
Convert Endpoint: The conversion feature enables users to convert any amount from one metal to another or to/from USD, making it easier to understand the value of different metals in relation to one another.
Time-Series Endpoint: This endpoint allows users to query daily historical rates between two dates of their choice, providing a comprehensive view of price movements over time.
Fluctuation Endpoint: Users can track rate fluctuations between two dates, gaining insights into how prices have changed over a specified period.
Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, catering to those interested in specific gold purity levels.
Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest price of a metal on a given date, providing valuable insights into market volatility.
Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for a specific time period, which is essential for technical analysis and understanding market trends.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, making it a valuable resource for traders interested in industrial metals.

Understanding API Responses

When querying the Metals-API, developers receive JSON responses that contain valuable data. For instance, when accessing the Latest Rates Endpoint, a typical response might look like this:

{
"success": true,
"timestamp": 1768177305,
"base": "USD",
"date": "2026-01-12",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}

In this response, the "success" field indicates whether the API call was successful, while the "rates" object contains the current exchange rates for various metals, including gold (XAU). The "unit" field specifies that the rates are per troy ounce, which is the standard measurement for precious metals.

Similarly, when using the Historical Rates Endpoint, the response might look like this:

{
"success": true,
"timestamp": 1768090905,
"base": "USD",
"date": "2026-01-11",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This response provides historical rates for a specific date, allowing developers to analyze past price movements and make data-driven decisions.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into trading applications can significantly enhance the user experience and provide valuable insights. For example, a trading platform could utilize the Time-Series Endpoint to display historical price charts for gold, allowing users to visualize trends over time. By combining this data with technical analysis tools, traders can make more informed decisions based on historical performance.

Another practical use case is the implementation of the Fluctuation Endpoint to notify users of significant price changes. By setting up alerts based on fluctuations, traders can react quickly to market movements, ensuring they capitalize on favorable conditions.

Performance Optimization and Security Considerations

When integrating the Metals-API, developers should consider performance optimization strategies to ensure their applications run smoothly. This includes implementing caching mechanisms to store frequently accessed data, reducing the number of API calls and improving response times. Additionally, developers should adhere to best practices for security, such as using HTTPS for API requests and securely storing API keys to prevent unauthorized access.

Conclusion

In conclusion, the Metals-API provides a comprehensive solution for accessing real-time and historical data on precious metals, including gold (XAU). By leveraging its various endpoints, developers can create powerful applications that cater to the needs of traders and investors. The ability to query price history, track fluctuations, and access real-time rates empowers users to make informed decisions in a rapidly changing market.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. With the right tools and data at your fingertips, you can navigate the precious metals market with confidence.

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Query Price History of Ludhiana Gold 24k (LUDH-24k) from this API