Retrieve Bangalore Gold 22k (BANG-22k) Historical Prices with Metals-API

In the ever-evolving landscape of precious metals trading, the ability to access historical prices is crucial for informed decision-making. For developers and traders alike, the Metals-API provides a robust solution for retrieving historical prices of gold, specifically the 22k variant in Bangalore, denoted as BANG-22k. 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 features for enhanced trading strategies.

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 revolutionized how traders and investors interact with gold markets. With the integration of data analytics and technology, traders can now gain insights into market trends, price movements, and historical data with unprecedented accuracy.

The innovation in price discovery mechanisms has also been significant. By utilizing advanced algorithms and real-time data, traders can make informed decisions based on comprehensive market analysis. Furthermore, digital asset solutions have emerged, allowing for seamless transactions and enhanced security in trading gold and other precious metals.

Metals-API Information

The Metals-API is a powerful tool designed for developers seeking to integrate real-time and historical metals data into their applications. This API empowers users to build next-generation applications that can analyze and visualize precious metal prices, including gold, silver, platinum, and palladium. With a focus on innovation and technological advancement, the Metals-API transforms how developers access and utilize metals data.

For comprehensive details, developers can refer to the Metals-API Documentation, which outlines the various endpoints and their functionalities. Additionally, the Symbols List provides a complete overview of all supported metal symbols, ensuring that users can easily find the data they need.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Each endpoint is designed to provide specific functionalities that enhance the user experience. Here’s a breakdown of some key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for precious metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay updated on market fluctuations.

{
    "success": true,
    "timestamp": 1743224467,
    "base": "USD",
    "date": "2025-03-29",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for most currencies dating back to 2019. This feature is particularly useful for analyzing trends over time and making data-driven decisions. By appending a specific date to the API request, users can retrieve historical rates for any given day.

{
    "success": true,
    "timestamp": 1743138067,
    "base": "USD",
    "date": "2025-03-28",
    "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 crucial for traders looking to execute buy or sell orders at optimal prices.

{
    "success": true,
    "timestamp": 1743224467,
    "base": "USD",
    "date": "2025-03-29",
    "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 traders who need to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743224467,
        "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 invaluable for conducting in-depth analyses of price movements over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-22",
    "end_date": "2025-03-29",
    "base": "USD",
    "rates": {
        "2025-03-22": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-24": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-29": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-22",
    "end_date": "2025-03-29",
    "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 the open, high, low, and close prices for a specific time period. This data is crucial for technical analysis and understanding market trends.

{
    "success": true,
    "timestamp": 1743224467,
    "base": "USD",
    "date": "2025-03-29",
    "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 traders interested in the London Metal Exchange prices.

API Key and Authentication

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 ensures that only authorized users can access the data, providing a layer of security for sensitive information.

API Response and Data Structure

Exchange rates delivered by the Metals-API are, by default, relative to USD. All data is returned in a structured JSON format, making it easy for developers to parse and utilize the information in their applications. Understanding the structure of the API response is crucial for effective data handling.

Common Use Cases and Implementation Strategies

Developers can leverage the Metals-API in various applications, including:

Building trading platforms that require real-time and historical price data.
Creating analytical tools for market research and trend analysis.
Integrating with financial applications to provide users with up-to-date metals pricing.

By utilizing the API's endpoints effectively, developers can create comprehensive solutions that cater to the needs of traders and investors in the precious metals market.

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 manage API calls effectively. Additionally, ensuring secure handling of the API key and implementing proper error handling mechanisms will enhance the overall security of the application.

Conclusion

The Metals-API offers a comprehensive suite of features for developers looking to access historical prices and real-time data for precious metals, including gold. By understanding the various endpoints and their functionalities, developers can build powerful applications that provide valuable insights into the metals market. With the ability to retrieve historical prices for Bangalore Gold 22k (BANG-22k) and other metals, the Metals-API stands out as a transformative tool in the realm of precious metals trading.

For more information, visit the Metals-API Website and explore the extensive documentation available to help you get started with integrating this powerful API into your applications.

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Retrieve Bangalore Gold 22k (BANG-22k) Historical Prices with Metals-API