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Retrieve Gold UAE 22 k (XAUUAE22) - Per Gram Historical Prices through this API

Retrieve Gold UAE 22 k (XAUUAE22) - Per Gram Historical Prices through this API

Retrieve Gold UAE 22 k (XAUUAE22) - Per Gram Historical Prices through this API

Retrieve Gold UAE 22 k (XAUUAE22) - Per Gram Historical Prices through this API

In the ever-evolving landscape of precious metals trading, the ability to access historical prices for gold, specifically the UAE 22k gold (XAUUAE22), is crucial for investors, traders, and developers alike. With the advent of advanced APIs like Metals-API, retrieving historical prices and real-time data has become seamless and efficient. This blog post will delve into the intricacies of the Metals-API, focusing on how developers can leverage its capabilities to access historical prices for gold and other metals.

About Gold (XAU)

Gold has long been regarded as a safe haven asset, a store of value, and a hedge against inflation. The digital transformation in the precious metals market has revolutionized how investors and traders interact with this valuable commodity. With the integration of data analytics and market insights, stakeholders can now make informed decisions based on real-time data and historical trends.

The technological advancements in trading platforms have enabled a more transparent price discovery process. By utilizing APIs like Metals-API, developers can create innovative applications that provide users with up-to-date information on gold prices, including the specific rates for UAE 22k gold. This integration of technology in trading not only enhances user experience but also fosters a more competitive market environment.

Metals-API Overview

The Metals-API is a powerful tool designed to provide real-time and historical data for various metals, including gold, silver, platinum, and palladium. The API allows developers to access a wealth of information, enabling them to build next-generation applications that cater to the needs of traders and investors. With its robust infrastructure, Metals-API empowers users to retrieve data efficiently, ensuring they have the most accurate and timely information at their fingertips.

For developers looking to integrate historical price data for gold, the Metals-API offers several key features and endpoints that facilitate this process. The API's capabilities extend beyond just retrieving prices; it also provides insights into market fluctuations, bid and ask prices, and conversion rates between different metals and currencies.

Key Features of Metals-API

Metals-API boasts a variety of endpoints that cater to different data retrieval needs. Here are some of the most significant features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently depending on the subscription plan. This feature is essential for traders who need immediate access to current market prices.
  • Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is invaluable for trend analysis and forecasting.
  • Bid and Ask Endpoint: This feature allows users to obtain real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts between different metals or from/to USD, which is particularly useful for international traders.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, facilitating in-depth analysis of price movements over time.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and trends.
  • Carat Endpoint: This feature allows users to retrieve gold rates by carat, which is essential for jewelers and consumers interested in specific gold qualities.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the lowest and highest prices for a specified date, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access detailed OHLC data for a specific time period, which is crucial for technical analysis.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a broader context for market analysis.
  • API Key: Each user is assigned a unique API key, which must be included in requests to authenticate and authorize access to the API.
  • API Response: The API delivers exchange rates relative to USD, ensuring consistency in data representation.
  • Available Endpoints: The Metals-API offers a comprehensive list of endpoints, each designed to fulfill specific data retrieval needs.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users can access the most relevant data.
  • Gold Price India Endpoint: Users can retrieve the latest gold prices in India using this dedicated endpoint, which is particularly useful for regional traders.
  • News Endpoint: This feature allows users to access the latest news articles related to various metals, keeping them informed about market developments.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of API responses is crucial for effective data utilization. Each endpoint returns a JSON object containing relevant data. Here are some examples of common API responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745902882,
    "base": "USD",
    "date": "2025-04-29",
    "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 includes a success flag, a timestamp, the base currency, the date of the rates, and a rates object containing the exchange rates for various metals. This structure allows developers to easily parse and utilize the data in their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745816482,
    "base": "USD",
    "date": "2025-04-28",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint provides historical rates for a specific date, allowing users to analyze past price movements. The rates object contains the exchange rates for the specified metals, which can be used for comparative analysis.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-22",
    "end_date": "2025-04-29",
    "base": "USD",
    "rates": {
        "2025-04-22": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-24": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-29": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for the specified date range, allowing users to visualize trends and fluctuations over time. Each date is associated with its respective rates, facilitating detailed analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745902882,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint allows users to convert a specified amount from one metal to another or to/from USD. The response includes the conversion query, the rate used for the conversion, and the result, which is particularly useful for traders dealing in multiple currencies.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-22",
    "end_date": "2025-04-29",
    "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"
}

The fluctuation endpoint provides insights into how metal prices have changed over a specified period. This information is vital for traders looking to capitalize on market movements.

OHLC (Open/High/Low/Close) Price Endpoint

{
    "success": true,
    "timestamp": 1745902882,
    "base": "USD",
    "date": "2025-04-29",
    "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"
}

This endpoint provides detailed OHLC data, which is essential for traders conducting technical analysis. The open, high, low, and close prices give a comprehensive view of market performance over a specified period.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745902882,
    "base": "USD",
    "date": "2025-04-29",
    "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"
}

The bid/ask endpoint provides crucial information for traders, including the current bid and ask prices along with the spread. This data is essential for executing trades effectively and understanding market dynamics.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into trading applications can significantly enhance functionality and user experience. Here are some practical use cases:

  • Real-Time Trading Platforms: Developers can create platforms that provide real-time price updates for gold and other metals, allowing traders to make informed decisions quickly.
  • Historical Data Analysis Tools: By utilizing the historical rates endpoint, developers can build tools that analyze past price movements, helping traders identify trends and make predictions.
  • Portfolio Management Applications: Integrating the API allows users to track their investments in precious metals, providing insights into performance and market conditions.
  • Market Research Applications: Developers can create applications that aggregate news and data from the Metals-API, providing users with comprehensive market insights.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter common questions and challenges. Here are some answers to frequently asked questions:

  • How do I authenticate my API requests? Each request must include your unique API key in the access_key parameter to authenticate and authorize access to the API.
  • What is the rate limit for API requests? The rate limit varies based on your subscription plan. It's essential to review the documentation to understand your specific limits.
  • How can I handle errors in API responses? The API provides error codes and messages in the response. Developers should implement error handling to manage these scenarios effectively.
  • Can I cache API responses for performance optimization? Yes, caching responses can improve performance, especially for frequently accessed data. However, ensure that you refresh the cache periodically to maintain data accuracy.

Conclusion

The Metals-API offers a comprehensive solution for developers seeking to access historical prices and real-time data for precious metals like gold. By leveraging its robust features and endpoints, developers can create innovative applications that enhance trading experiences and provide valuable insights into market dynamics.

As the digital transformation in the precious metals market continues, APIs like Metals-API will play a pivotal role in shaping the future of trading and investment. For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metal symbols.

In summary, the ability to retrieve historical prices for UAE 22k gold (XAUUAE22) through the Metals-API not only empowers developers but also enhances the trading landscape for investors and traders alike. Embrace the potential of real-time metals data and unlock new opportunities in the precious metals market.

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