Quick Guide to Get Magnesium (MG) Historical Prices using this API

Introduction

In today's rapidly evolving digital landscape, the demand for real-time data and analytics has transformed the way industries operate. One area that has seen significant advancements is the metal markets, particularly in the acquisition and analysis of historical prices for metals like Magnesium (MG). This blog post serves as a comprehensive guide on how to obtain historical prices for Magnesium using the Metals-API. We will explore the innovative features of this API, its capabilities, and how it empowers developers to create next-generation applications that leverage real-time metals data.

Metals-API Information

About Magnesium (MG)

Magnesium (MG) is a vital metal with a wide range of applications, from aerospace to automotive industries. As industries increasingly rely on data-driven decision-making, the ability to access historical price data for Magnesium becomes crucial. The digital transformation in metal markets has led to technological innovations that allow for enhanced data analytics and insights. By integrating smart technology, businesses can better predict market trends and make informed decisions.

As we delve deeper into the capabilities of the Metals-API, we will uncover how this API not only provides historical price data but also offers a suite of tools that enable developers to harness the power of data analytics. The future of metal trading is bright, with possibilities for advanced analytics, machine learning applications, and real-time data integration.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data for various metals, including Magnesium. This API is built with innovation in mind, allowing developers to access a wealth of information that can be used to build sophisticated applications. With features such as real-time exchange rates, historical data, and conversion capabilities, the Metals-API stands out as a transformative solution in the metal markets.

One of the key advantages of the Metals-API is its ability to deliver data in a structured format, making it easy for developers to integrate into their applications. The API supports various endpoints that cater to different needs, from retrieving the latest rates to accessing historical data dating back to 2019. This flexibility allows for a wide range of applications, from financial analysis to market forecasting.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that provide different functionalities, each designed to meet specific needs. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates 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. This feature is essential for applications that require up-to-the-minute pricing information.

{
"success": true,
"timestamp": 1765519285,
"base": "USD",
"date": "2025-12-12",
"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

Accessing historical rates is crucial for market analysis and forecasting. The Historical Rates Endpoint allows users to retrieve historical exchange rates for most metals dating back to 2019. By appending a specific date to the API request, developers can obtain valuable insights into price trends over time.

{
"success": true,
"timestamp": 1765432885,
"base": "USD",
"date": "2025-12-11",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for metals. This information is vital for traders and analysts who need to understand market dynamics and make informed decisions based on current pricing.

{
"success": true,
"timestamp": 1765519285,
"base": "USD",
"date": "2025-12-12",
"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"
}

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 applications that require currency conversion for pricing and valuation purposes.

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1765519285,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is essential for analyzing trends and fluctuations over specific periods, providing valuable insights for market analysis.

{
"success": true,
"timeseries": true,
"start_date": "2025-12-05",
"end_date": "2025-12-12",
"base": "USD",
"rates": {
"2025-12-05": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-12-07": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-12": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how metal prices fluctuate on a day-to-day basis. This feature is crucial for traders looking to understand market volatility and make informed trading decisions.

{
"success": true,
"fluctuation": true,
"start_date": "2025-12-05",
"end_date": "2025-12-12",
"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"
}

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

The OHLC Price Endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is essential for technical analysis and understanding market trends.

{
"success": true,
"timestamp": 1765519285,
"base": "USD",
"date": "2025-12-12",
"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"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for users interested in LME-specific data and trends.

{
"success": true,
"timestamp": 1765432885,
"base": "USD",
"date": "2025-12-11",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Authentication and API Key

To access the Metals-API, users must obtain an API Key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring secure access to the API's features. Developers should keep their API keys confidential and follow best practices for security.

API Response Structure

The API responses are delivered in JSON format, providing a structured and easily interpretable format for developers. Each response includes fields such as success, timestamp, base currency, date, rates, and unit. Understanding these fields is crucial for effectively utilizing the API.

For example, the rates field contains the exchange rates for various metals relative to the base currency (usually USD). This allows developers to easily access the data they need for their applications.

Common Use Cases and Integration Strategies

The Metals-API can be integrated into various applications, including financial analysis tools, trading platforms, and market research applications. By leveraging the API's capabilities, developers can create applications that provide real-time pricing information, historical data analysis, and market forecasting.

For instance, a trading platform could utilize the Latest Rates Endpoint to display real-time prices for Magnesium and other metals, while also employing the Historical Rates Endpoint to provide users with insights into price trends over time. This combination of real-time and historical data can enhance user experience and improve decision-making.

Performance Optimization and Security Considerations

When integrating the Metals-API into applications, developers should consider performance optimization strategies, such as caching frequently accessed data and implementing rate limiting to avoid exceeding API quotas. Additionally, security best practices should be followed, including using HTTPS for API requests and securely storing API keys.

Conclusion

The Metals-API offers a comprehensive solution for accessing historical prices and real-time data for metals like Magnesium. By leveraging its innovative features and endpoints, developers can create powerful applications that enhance data analytics and market insights. As the metal markets continue to evolve, the importance of real-time data and analytics will only grow, making the Metals-API an invaluable tool for developers and businesses alike.

For more information on how to get started with the Metals-API, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Embrace the future of metal trading with the power of real-time data at your fingertips.