Retrieve Guwahati Gold 24k (GUWA-24k) Historical Prices with this API

Guwahati Gold 24k (GUWA-24k) symbol represents a specific grade of gold that is widely traded in India. With the advent of digital transformation in the precious metals market, leveraging APIs like Metals-API has become essential for obtaining real-time and historical data. This blog post will delve into the capabilities of Metals-API, focusing on how to retrieve historical prices for GUWA-24k gold and explore the broader implications of technology integration in trading.

About Gold (XAU)

XAU, has long been a symbol of wealth and stability. As a precious metal, it plays a pivotal role in global finance and investment strategies. The digital transformation in precious metals has opened new avenues for data analytics and market insights, enabling traders to make informed decisions based on real-time data. The integration of technology in trading has revolutionized price discovery, allowing for more transparent and efficient transactions.

Metals-API Overview

Metals-API is a powerful tool designed for developers seeking to integrate real-time and historical metals data into their applications. With a focus on innovation and technological advancement, this API empowers users to build next-generation applications that can analyze and visualize precious metals data. The API provides a wide array of endpoints, each tailored to meet specific needs, from retrieving the latest rates to accessing historical data dating back several years.

Key Features of Metals-API

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including gold. The data is updated frequently, ensuring that users have access to the most current information.
Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical prices for GUWA-24k gold, allowing for comprehensive analysis of price trends over time.
Bid and Ask Endpoint: This feature enables users to retrieve 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, allowing users to convert amounts between different metals or to/from USD. This is particularly useful for traders operating in multiple currencies.
Time-Series Endpoint: This endpoint allows users to query the API for 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 valuable insights into market volatility.
Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is essential for jewelers and consumers alike.
Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, aiding in market analysis.
Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for specific time periods, which is crucial for technical analysis and trading strategies.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a comprehensive view of market trends.
API Key: Each user is assigned a unique API key that must be included in requests to access the API's features.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, making it easier for local traders to stay informed.
News Endpoint: Users can access the latest news articles related to various metals, keeping them updated on market developments.

Understanding API Responses

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1751846495,
    "base": "USD",
    "date": "2025-07-07",
    "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"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1751760095,
    "base": "USD",
    "date": "2025-07-06",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-30",
    "end_date": "2025-07-07",
    "base": "USD",
    "rates": {
        "2025-06-30": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-07": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1751846495,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-30",
    "end_date": "2025-07-07",
    "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"
}

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

{
    "success": true,
    "timestamp": 1751846495,
    "base": "USD",
    "date": "2025-07-07",
    "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"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1751846495,
    "base": "USD",
    "date": "2025-07-07",
    "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"
}

Common Developer Questions

How do I authenticate with the Metals-API?

What are the rate limits for API requests?

Metals-API Documentation for specific details on request limits and quotas.

How can I handle errors in API responses?

Performance Optimization and Scaling

Caching: Implement caching mechanisms to store frequently accessed data, reducing the number of API calls and improving response times.
Batch Requests: Where possible, batch multiple requests into a single API call to minimize latency and improve efficiency.
Asynchronous Processing: Use asynchronous programming techniques to handle API requests without blocking the main application thread, enhancing user experience.

Security Considerations

Secure API Key Storage: Store your API key securely, avoiding hardcoding it into your application. Use environment variables or secure vaults to manage sensitive information.
HTTPS Protocol: Always use HTTPS to encrypt data in transit, protecting against man-in-the-middle attacks.
Rate Limiting: Implement rate limiting on your application to prevent abuse and ensure fair usage of the API.

Conclusion

Metals-API is a game-changer for traders and developers alike. The API's robust features, including real-time rates, historical data access, and various endpoints, empower users to make informed decisions in the precious metals market. By leveraging the power of technology and data analytics, traders can navigate the complexities of gold trading with confidence.

Metals-API Documentation and explore the comprehensive Metals-API Supported Symbols list to understand the full range of capabilities at your disposal.

Ready to use Metals-API?

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Retrieve Guwahati Gold 24k (GUWA-24k) Historical Prices with this API