Retrieve Accurate Surat Gold (XAU-SURA) Historical Prices Using Metals-API

Retrieve Accurate Surat Gold (XAU-SURA) Historical Prices Using Metals-API

In the ever-evolving landscape of precious metals trading, having access to accurate historical prices is crucial for investors, traders, and developers alike. The Metals-API provides a robust solution for retrieving historical prices of gold, specifically the Surat Gold (XAU-SURA), along with a plethora of other features that empower users to make informed decisions. This blog post will delve into the capabilities of the Metals-API, focusing on how to effectively retrieve historical prices and leverage the API's advanced features for comprehensive market analysis.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. In recent years, the digital transformation in precious metals has reshaped how investors interact with this timeless asset. With the integration of data analytics and technology, market insights have become more accessible, allowing traders to make data-driven decisions.

The innovation in price discovery mechanisms has also been significant. Traditional methods of obtaining gold prices are being replaced by real-time data solutions, which provide immediate access to market fluctuations. This shift is particularly important for developers looking to create applications that require accurate and timely data. The Metals-API stands at the forefront of this transformation, offering a suite of features that cater to the needs of modern traders and developers.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including gold, silver, platinum, and palladium. It empowers developers to build next-generation applications that require precise metals data. With its user-friendly interface and comprehensive documentation, the Metals-API simplifies the process of integrating metals data into applications.

For developers, the API offers a range of endpoints that facilitate various functionalities, from retrieving the latest rates to accessing historical data. The Metals-API Documentation provides detailed information on how to utilize these endpoints effectively, ensuring that developers can maximize the potential of the API.

Key Features and Endpoints

The Metals-API boasts several key features that cater to the diverse needs of its users. Here are some of the most notable endpoints:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated at intervals depending on the user's subscription plan. For instance, users can receive updates every 60 minutes or every 10 minutes, ensuring they have the latest market information at their fingertips.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical prices for gold and other metals, which is essential for trend analysis and forecasting.
  • Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals. Understanding the bid-ask spread is crucial for traders looking to optimize their entry and exit points in the market.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates. It is invaluable for analyzing price movements over time and identifying patterns.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis. This endpoint provides insights into market volatility, helping traders make informed decisions.
  • Carat Endpoint: This feature allows users to retrieve gold rates by carat, catering to jewelers and those involved in the jewelry market.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, which is crucial for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis.
  • Historical LME Endpoint: This endpoint allows access to historical rates for LME symbols dating back to 2008, providing a broader context for market 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 returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users are aware of the options at their disposal.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India, catering to a specific market segment.
  • News Endpoint: This feature allows users to access the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is essential for developers. Below are examples of API responses for various endpoints, showcasing the structure and data provided.

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743127276,
    "base": "USD",
    "date": "2025-03-28",
    "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 request, providing the timestamp, base currency, date, and the latest rates for various metals, including gold (XAU).

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743040876,
    "base": "USD",
    "date": "2025-03-27",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to retrieve historical rates for a specific date, allowing users to analyze past market behavior.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-21",
    "end_date": "2025-03-28",
    "base": "USD",
    "rates": {
        "2025-03-21": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-23": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-28": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for the specified period, enabling users to visualize trends and fluctuations over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743127276,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates how to convert a specified amount from USD to gold (XAU), providing the conversion rate and resulting value.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-21",
    "end_date": "2025-03-28",
    "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": 1743127276,
    "base": "USD",
    "date": "2025-03-28",
    "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 critical data for technical analysis, allowing traders to assess market performance over a specific period.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743127276,
    "base": "USD",
    "date": "2025-03-28",
    "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 metals, essential for traders looking to optimize their trading strategies.

Conclusion

In conclusion, the Metals-API offers a comprehensive suite of features that empower developers and traders to access accurate historical prices and real-time data for gold and other metals. By leveraging the various endpoints, users can perform in-depth market analysis, track fluctuations, and make informed trading decisions. The integration of technology and data analytics in precious metals trading is transforming the landscape, and the Metals-API is at the forefront of this evolution.

For developers looking to harness the power of metals data, the Metals-API Documentation provides all the necessary information to get started. Additionally, the Metals-API Supported Symbols page offers a comprehensive list of available metals, ensuring users can access the data they need. To explore the full capabilities of the API, visit the Metals-API Website today.

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