Retrieve Chennai Gold (XAU-CHEN) prices using this API

Retrieve Chennai Gold (XAU-CHEN) Prices Using This API

In today's rapidly evolving financial landscape, the demand for real-time data on precious metals like gold has surged. For developers and traders alike, accessing accurate and timely information is crucial for making informed decisions. The Metals-API provides a robust solution for retrieving gold prices, including the specific rates for Chennai (XAU-CHEN). This blog post will delve into the intricacies of the Metals-API, exploring its capabilities, features, and how it can be leveraged to enhance trading strategies and market insights.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As a precious metal, it plays a significant role in various markets, including jewelry, electronics, and as a hedge against inflation. The digital transformation in the precious metals sector has opened new avenues for data analytics and market insights. With the integration of technology in trading, investors can now access real-time data, enabling them to make swift decisions based on market fluctuations.

The innovation in price discovery mechanisms has also been remarkable. Traditional methods of determining gold prices are being supplemented by advanced algorithms and data analytics, which provide a more accurate reflection of market conditions. Digital asset solutions are further enhancing the way traders interact with gold, making it easier to buy, sell, and trade this valuable commodity.

API Description

The Metals-API is a powerful tool designed for developers looking to integrate real-time metals data into their applications. This API empowers users to build next-generation applications that can provide insights into market trends, historical data, and price fluctuations. With a focus on innovation and technological advancement, the Metals-API transforms how users interact with precious metals.

For detailed information on how to utilize the API, you can refer to the Metals-API Documentation. This resource provides comprehensive guidance on all available features and endpoints, ensuring that developers can maximize the potential of the API.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, allowing developers to access a wealth of information about precious metals. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for gold and other metals. Depending on your subscription plan, the API can return updates every 60 minutes or even every 10 minutes, ensuring you have the most current information at your fingertips.
Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past prices, which is invaluable for trend analysis and forecasting.
Bid and Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: Easily convert any amount from one metal to another or to/from USD. This is particularly useful for traders who operate in multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This is essential for analyzing trends over specific periods.
Fluctuation Endpoint: Track how prices fluctuate on a day-to-day basis, giving you insights into market volatility.
Carat Endpoint: Retrieve information about gold rates by carat, which is crucial for jewelers and consumers alike.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, helping you identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for a specific time period, which is essential for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
API Key: Your unique API key is essential for accessing the API's features. It must be included in your requests to authenticate your access.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Available Endpoints: The Metals-API comes with numerous endpoints, each designed to provide specific functionalities.
Supported Symbols Endpoint: This endpoint returns all available currencies, allowing you to stay updated on the latest symbols.
Gold Price India Endpoint: Specifically retrieve the latest gold price in India using this dedicated endpoint.
News Endpoint: Stay informed with the latest news articles related to various metals, ensuring you are aware of market-moving events.

For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints and their responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1752890418,
    "base": "USD",
    "date": "2025-07-19",
    "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"
}

This response indicates that the current price of gold (XAU) is 0.000482 per troy ounce, relative to USD.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1752804018,
    "base": "USD",
    "date": "2025-07-18",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical price of gold on July 18, 2025, allowing for retrospective analysis.

Time-Series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-07-12",
    "end_date": "2025-07-19",
    "base": "USD",
    "rates": {
        "2025-07-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-19": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint allows you to analyze how gold prices have changed over a specified period, which is essential for identifying trends.

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1752890418,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates that 1000 USD is equivalent to 0.482 troy ounces of gold, providing a straightforward conversion for traders.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-07-12",
    "end_date": "2025-07-19",
    "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 provides insights into how gold and other metals have fluctuated over a specified period, which is critical for risk management.

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1752890418,
    "base": "USD",
    "date": "2025-07-19",
    "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"
}

This response provides the opening, highest, lowest, and closing prices for gold, which is essential for traders conducting technical analysis.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1752890418,
    "base": "USD",
    "date": "2025-07-19",
    "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 endpoint is crucial for traders looking to understand market dynamics and make informed trading decisions based on current bid and ask prices.

Conclusion

The Metals-API is an invaluable resource for developers and traders seeking to access real-time and historical data on precious metals like gold. By leveraging its various endpoints, users can gain insights into market trends, perform detailed analyses, and make informed trading decisions. Whether you're interested in the latest rates, historical data, or fluctuations, the Metals-API provides the tools necessary to navigate the complexities of the precious metals market.

For more information on how to implement these features, visit the Metals-API Website and explore the extensive Metals-API Documentation. With the right tools and data at your disposal, you can enhance your trading strategies and stay ahead in the competitive world of precious metals.

Ready to use Metals-API?

Try it now!

Retrieve Chennai Gold (XAU-CHEN) prices using this API