Retrieve Faridabad Gold 22k (FARI-22k) prices with this API

Retrieve Faridabad Gold 22k (FARI-22k) Prices with this API

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is crucial for making informed decisions. The Metals-API provides developers with a powerful tool to retrieve Faridabad Gold 22k (FARI-22k) prices and other metal rates seamlessly. This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, features, and how it can transform the way developers interact with precious metals data.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As a digital transformation sweeps through the financial sector, the precious metals market is not left behind. The integration of data analytics and market insights into trading platforms is revolutionizing how investors approach gold trading.

With the advent of technology, the methods of price discovery have evolved significantly. No longer are traders reliant solely on traditional market indicators; instead, they can leverage real-time data from APIs like Metals-API to make informed decisions. This innovation not only enhances trading strategies but also provides digital asset solutions that cater to a tech-savvy audience.

API Description

The Metals-API is an innovative platform that empowers developers to build next-generation applications by providing real-time metals data. This API offers a comprehensive suite of features that allow users to access current and historical prices, analyze market trends, and convert currencies with ease. By harnessing the power of real-time data, developers can create applications that respond dynamically to market changes, ensuring that users have the most accurate information at their fingertips.

For more detailed information, you can explore the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each designed to cater to specific needs within the precious metals market. Here’s a closer look at some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay updated with the latest market movements.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past prices, allowing for comprehensive market analysis and trend identification.
  • Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices, which are crucial for executing trades at the best possible rates.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one currency to another. This is particularly useful for traders operating in multiple currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is invaluable for analyzing trends over specific periods.
  • Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis, providing insights into market volatility.
  • Carat Endpoint: This endpoint allows you to retrieve information about gold rates by carat, which is essential for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date range, helping traders identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access open, high, low, and close prices for a specific time period, which is critical for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market trends.
  • API Key: Your unique API key is essential for accessing the API and should be included in all requests.
  • API Response: The exchange rates delivered by the Metals-API are by default relative to USD, ensuring consistency across data retrieval.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, allowing developers to stay informed about the latest offerings.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: Get the latest news articles related to various metals, keeping you informed about market developments.

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

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744416434,
    "base": "USD",
    "date": "2025-04-12",
    "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"
}

This response indicates that the API successfully retrieved the latest rates for various metals, with XAU (Gold) priced at 0.000482 per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744330034,
    "base": "USD",
    "date": "2025-04-11",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

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

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-05",
    "end_date": "2025-04-12",
    "base": "USD",
    "rates": {
        "2025-04-05": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-07": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-12": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of rates, allowing for trend analysis over the specified period.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744416434,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example illustrates how to convert an amount from one currency to another, providing the result in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-05",
    "end_date": "2025-04-12",
    "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"
}

This response provides insights into how rates fluctuate over a specified period, which is essential for traders looking to capitalize on market movements.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1744416434,
    "base": "USD",
    "date": "2025-04-12",
    "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"
}

This endpoint provides critical data for traders who rely on open, high, low, and close prices for their trading strategies.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744416434,
    "base": "USD",
    "date": "2025-04-12",
    "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"
}

This response provides the current bid and ask prices, which are essential for executing trades efficiently.

Conclusion

The Metals-API is a transformative tool for developers looking to integrate precious metals data into their applications. With its comprehensive suite of features, including real-time rates, historical data, and conversion capabilities, it empowers users to make informed trading decisions. By leveraging the power of this API, developers can create innovative solutions that respond to market dynamics in real-time.

For further exploration of the API's capabilities, visit the Metals-API Website and dive into the extensive Metals-API Documentation for detailed guidance on implementation and usage.

In summary, the Metals-API not only enhances the trading experience but also opens up new avenues for innovation in the precious metals market. Whether you are a seasoned trader or a developer looking to build cutting-edge applications, the Metals-API is an invaluable resource that can help you stay ahead in the competitive landscape of precious metals trading.

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