Retrieve Historical Data for Hyderabad Gold (XAU-HYDE) Using Metals-API

Retrieve Historical Data for Hyderabad Gold (XAU-HYDE) Using Metals-API

About Gold (XAU)

Metals-API Overview

Metals-API Website or check the Metals-API Documentation for detailed instructions on how to implement the API in your projects.

Key Features of Metals-API

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently depending on your subscription plan. It allows developers to access the most current prices for gold and other metals.
• Historical Rates Endpoint: Users can retrieve historical rates for gold dating back to 2019. By appending a specific date to the API request, developers can access past prices and analyze trends over time.
• Bid and Ask Endpoint: This feature enables 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 endpoint that allows users to convert amounts between different metals or to/from USD, facilitating seamless transactions.
• Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates, enabling detailed analysis of price movements over time.
• Fluctuation Endpoint: This endpoint provides information on how metal prices fluctuate on a day-to-day basis, helping traders understand market volatility.
• Carat Endpoint: Users can retrieve gold rates based on carat values, which is particularly useful for jewelers and consumers interested in specific gold purity levels.
• Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of gold over a specified period, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for gold, offering a comprehensive view of market performance.
• Historical LME Endpoint: For those interested in London Metal Exchange (LME) symbols, this endpoint provides historical rates dating back to 2008.
• API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access to the API.
• API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals supported by the API.
• Gold Price India Endpoint: Users can retrieve the latest gold price specifically for India, making it easier for local traders to access relevant data.
• News Endpoint: The API allows users to access the latest news articles related to various metals, keeping traders informed about market developments.

Understanding API Responses

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743991396,
    "base": "USD",
    "date": "2025-04-07",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743904996,
    "base": "USD",
    "date": "2025-04-06",
    "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": "2025-03-31",
    "end_date": "2025-04-07",
    "base": "USD",
    "rates": {
        "2025-03-31": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-07": {
            "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": 1743991396,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-31",
    "end_date": "2025-04-07",
    "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
        }
    },
    "unit": "per troy ounce"
}

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

{
    "success": true,
    "timestamp": 1743991396,
    "base": "USD",
    "date": "2025-04-07",
    "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
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743991396,
    "base": "USD",
    "date": "2025-04-07",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

Common Use Cases and Integration Strategies

• Trading Platforms: Developers can integrate the Metals-API into trading platforms to provide users with real-time and historical data for gold and other metals, enabling informed trading decisions.
• Investment Analysis Tools: Financial analysts can use the API to build tools that analyze historical price trends and forecast future movements, helping investors make strategic decisions.
• Mobile Applications: Mobile developers can create apps that provide users with instant access to gold prices, alerts for price changes, and news updates related to the metals market.
• Market Research: Researchers can leverage the API to gather data for academic studies or market reports, analyzing trends and patterns in the precious metals market.

Performance Optimization and Security Considerations

• Rate Limiting: Be aware of the API's rate limits based on your subscription plan. Implement caching strategies to reduce the number of API calls and improve response times.
• Error Handling: Implement robust error handling to manage API response errors gracefully. This includes retry mechanisms for transient errors and user notifications for critical failures.
• Data Validation: Ensure that all data received from the API is validated and sanitized before use to prevent security vulnerabilities.
• Secure API Key Management: Store your API key securely and avoid exposing it in client-side code. Use environment variables or secure vaults to manage sensitive information.

Conclusion

Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. With the right tools and data at your fingertips, you can navigate the complexities of the gold market with confidence.