Retrieve Dehradun Gold 24k (DEHR-24k) prices using this API
Retrieve Dehradun Gold 24k (DEHR-24k) Prices Using This API
In the ever-evolving landscape of precious metals trading, the ability to access real-time data is paramount for developers and traders alike. The Metals-API provides a robust solution for retrieving the latest prices of gold, including the Dehradun Gold 24k (DEHR-24k). This blog post delves into the intricacies of the Metals-API, focusing on its capabilities, the significance of gold in the market, and how developers can leverage this API to enhance their applications.
Metals-API Information
The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). With its advanced features, the API empowers developers to create applications that can analyze market trends, perform currency conversions, and retrieve historical data for informed decision-making.
About Gold (XAU)
Gold has long been considered a safe haven asset, especially during times of economic uncertainty. As digital transformation sweeps across industries, the precious metals market is no exception. The integration of technology in trading has revolutionized how investors access and analyze data. With the rise of data analytics, traders can gain insights into market trends, enabling them to make informed decisions based on real-time information.
Moreover, the innovation in price discovery mechanisms has allowed for more accurate pricing of gold and other metals. The Metals-API plays a crucial role in this transformation by providing developers with the tools needed to build applications that can track gold prices dynamically. This API not only facilitates the retrieval of current prices but also offers historical data, enabling comprehensive market analysis.
API Description
The Metals-API is designed with innovation and technological advancement in mind. It offers a suite of endpoints that allow developers to access real-time metals data, which can be integrated into various applications. This API is particularly beneficial for those looking to build next-generation applications that require accurate and timely information on precious metals.
For more information on the API's capabilities, visit the Metals-API Documentation. Here, you will find detailed explanations of each endpoint, including how to authenticate and utilize the API effectively.
Key Features and Endpoints
The Metals-API boasts several key features that enhance its functionality:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for various metals. Depending on your subscription plan, this endpoint can return updates every 60 minutes or even every 10 minutes. This feature is essential for traders who need to stay informed about the latest market movements.
{
"success": true,
"timestamp": 1744084823,
"base": "USD",
"date": "2025-04-08",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
Accessing historical rates is crucial for analyzing market trends. The Historical Rates Endpoint allows users to retrieve data dating back to 2019. By appending a specific date to the API request, developers can obtain valuable insights into how gold prices have fluctuated over time.
{
"success": true,
"timestamp": 1743998423,
"base": "USD",
"date": "2025-04-07",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"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 looking to execute transactions at optimal prices.
{
"success": true,
"timestamp": 1744084823,
"base": "USD",
"date": "2025-04-08",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"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": 1744084823,
"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 market analysis over specific periods.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-01",
"end_date": "2025-04-08",
"base": "USD",
"rates": {
"2025-04-01": {
"XAU": 0.000485
},
"2025-04-08": {
"XAU": 0.000482
}
},
"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 traders looking to understand market volatility and make informed decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-01",
"end_date": "2025-04-08",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price Endpoint allows users to query the API for the open, high, low, and close prices for a specific time period. This data is crucial for traders looking to analyze price trends and make predictions.
{
"success": true,
"timestamp": 1744084823,
"base": "USD",
"date": "2025-04-08",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specified date. This feature is particularly useful for traders looking to identify price extremes over a given period.
{
"success": true,
"timestamp": 1744084823,
"base": "USD",
"date": "2025-04-08",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"unit": "per troy ounce"
}API Key and Authentication
To access the Metals-API, developers must obtain an API key, which is 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.
List of Symbols
The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate specific metals into their applications.
Conclusion
The Metals-API represents a significant advancement in the way developers can access and utilize precious metals data. With its comprehensive suite of features, including real-time pricing, historical data, and various endpoints tailored for specific needs, this API empowers developers to create innovative applications that can analyze market trends and facilitate trading decisions.
As the digital transformation of the precious metals market continues, leveraging tools like the Metals-API will be crucial for staying competitive. By integrating this API into your applications, you can provide users with the most accurate and timely information available, ultimately enhancing their trading experience.
For further exploration of the API's capabilities, visit the Metals-API Website and start building applications that harness the power of real-time metals data.