Query Salem Gold 24k (SALE-24k) Historical Prices through Metals-API

Query Salem Gold 24k (SALE-24k) Historical Prices through Metals-API

In the ever-evolving landscape of precious metals trading, the ability to access historical prices for Gold (XAU) is paramount for investors, analysts, and developers alike. The Metals-API provides a robust platform for querying historical prices, enabling users to make informed decisions based on comprehensive data analytics and market insights. This blog post delves into the intricacies of the Metals-API, focusing on how to effectively retrieve historical prices for Gold, while also exploring the broader implications of digital transformation in the precious metals market.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. Its allure transcends cultures and centuries, making it a universal asset. In recent years, the digital transformation of precious metals trading has opened new avenues for investors. The integration of technology into trading practices has not only streamlined processes but has also enhanced the accuracy of price discovery.

Data analytics plays a crucial role in understanding market trends and fluctuations. By leveraging advanced analytics, traders can gain insights into price movements, enabling them to make strategic decisions. The Metals-API stands at the forefront of this transformation, providing real-time data that empowers developers to build next-generation applications that cater to the needs of modern investors.

Metals-API Overview

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data for various metals, including Gold, Silver, Platinum, and Palladium. With its innovative features, the API enables users to retrieve exchange rates, historical prices, and market insights seamlessly. The transformative potential of real-time metals data cannot be overstated, as it allows for the creation of applications that can adapt to market changes instantaneously.

One of the standout features of the Metals-API is its ability to provide historical rates dating back to 2019. This capability is essential for developers looking to analyze trends over time, assess market volatility, and make predictions based on historical data. By appending a specific date to the API request, users can access historical rates for Gold and other metals, facilitating in-depth analysis.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to cater to specific needs. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes or every 10 minutes. This feature is crucial for traders who require up-to-the-minute information to make timely decisions.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a date to the API request, developers can retrieve past exchange rates, which is invaluable for trend analysis and forecasting.
  • Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time Bid and Ask prices for metals. Understanding the spread between these prices is essential for traders looking to optimize their buying and selling strategies.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for investors dealing in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice. By analyzing time-series data, traders can identify patterns and make informed predictions.
  • Fluctuation Endpoint: Users can track rate fluctuations between two dates, providing insights into market volatility and helping traders make strategic decisions based on historical performance.
  • Carat Endpoint: This endpoint provides information about Gold rates by Carat, allowing users to understand the value of Gold in different purities.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest price for a specified date, which is essential for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can retrieve the open, high, low, and close prices for a specific date, providing a comprehensive view of market performance.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing users to analyze long-term trends in the metals market.
  • API Key: Each user is assigned a unique API key, which must be included in the API request to authenticate access. This ensures secure and controlled access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format, making it easy for developers to parse and utilize the information.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring users have access to the latest symbols and their specifications.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, catering to a specific market segment.
  • News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments and trends.

API Endpoint Examples and Responses

To illustrate the functionality of the Metals-API, here are some example responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744333367,
    "base": "USD",
    "date": "2025-04-11",
    "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"
}

The response indicates a successful query, providing the latest exchange rates for various metals, including Gold (XAU). The rates are expressed per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744246967,
    "base": "USD",
    "date": "2025-04-10",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for Gold and other metals for a specific date. Developers can use this data to analyze trends and make informed decisions based on past performance.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-04",
    "end_date": "2025-04-11",
    "base": "USD",
    "rates": {
        "2025-04-04": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-06": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-11": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily historical rates for Gold over a specified period. This data is invaluable for traders looking to identify trends and make predictions based on historical performance.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744333367,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates the conversion of an amount from USD to Gold (XAU). The result indicates that 1000 USD is equivalent to 0.482 troy ounces of Gold, providing a clear understanding of the value exchange.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-04",
    "end_date": "2025-04-11",
    "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 response provides insights into how the rates for Gold and other metals fluctuated over a specified period. Understanding these fluctuations is crucial for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1744333367,
    "base": "USD",
    "date": "2025-04-11",
    "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"
}

The OHLC response provides a comprehensive view of the market performance for Gold and other metals on a specific date. This data is essential for traders looking to analyze market behavior and make informed decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744333367,
    "base": "USD",
    "date": "2025-04-11",
    "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 response provides the current bid and ask prices for Gold and other metals, along with the spread. Understanding the bid-ask spread is crucial for traders looking to optimize their trading strategies.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers and traders seeking to access historical prices for Gold (XAU) and other precious metals. By leveraging the API's extensive features, users can gain insights into market trends, analyze fluctuations, and make informed decisions based on real-time data. The integration of technology into precious metals trading has transformed the landscape, providing opportunities for innovation and enhanced trading strategies.

For further exploration of the Metals-API, including detailed documentation and a comprehensive list of supported symbols, visit the Metals-API Documentation and the Metals-API Supported Symbols page. The potential for data-driven decision-making in the precious metals market is vast, and the Metals-API is at the forefront of this transformation.

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