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Retrieve Hyderabad Gold (XAU-HYDE) - Per Ounce prices through this API

Retrieve Hyderabad Gold (XAU-HYDE) - Per Ounce prices through this API

Retrieve Hyderabad Gold (XAU-HYDE) - Per Ounce prices through this API

Retrieve Hyderabad Gold (XAU-HYDE) - Per Ounce Prices Through This API

In the rapidly 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 gold prices, specifically for the Hyderabad market (XAU-HYDE). This blog post delves into the intricacies of the Metals-API, exploring its capabilities, features, and how it empowers developers to create innovative applications in the realm of precious metals.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As digital transformation sweeps across industries, the precious metals market is no exception. The integration of data analytics and technology into trading practices is reshaping how investors interact with gold. With the advent of digital asset solutions, traders can now leverage real-time data to make informed decisions, enhancing their trading strategies.

The digital transformation in precious metals trading is characterized by innovation in price discovery and the utilization of advanced data analytics. By harnessing the power of technology, traders can gain insights into market trends, fluctuations, and historical data, allowing for more strategic investment decisions. The Metals-API plays a crucial role in this transformation by providing developers with the tools necessary to access and analyze gold prices efficiently.

API Description

The Metals-API is a powerful tool designed for developers seeking to integrate real-time metals data into their applications. This API offers a wide array of features that facilitate the retrieval of precious metals prices, including gold, silver, platinum, and palladium. With its innovative capabilities, the Metals-API empowers developers to build next-generation applications that can respond to market changes in real-time.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated frequently based on the user's subscription plan. This ensures that developers have access to the most current information, which is vital for making timely trading decisions. The API also supports historical data queries, allowing users to analyze trends and patterns over time.

For comprehensive documentation on how to utilize the Metals-API, visit the Metals-API Documentation. This resource provides detailed guidance on the various endpoints, their functionalities, and how to implement them effectively in your applications.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each designed to cater to specific needs in the precious metals market. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data for various metals, updated every 60 minutes or more frequently. This is essential for traders who need the latest market information.
  • Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This feature is invaluable for analyzing past market behavior and making predictions.
  • Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals, allowing traders to understand market dynamics and make informed decisions.
  • Convert Endpoint: This endpoint enables currency conversion between different metals and USD, facilitating easier transactions and comparisons.
  • Time-Series Endpoint: Query daily historical rates between two dates of your choice, providing insights into price movements over time.
  • Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
  • Carat Endpoint: Retrieve gold rates by carat, allowing for precise valuation based on purity.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date range, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for a specific time period, which is essential 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 required for authentication and is passed into the API base URL's access_key parameter.
  • API Response: The API delivers exchange rates relative to USD, ensuring consistency in data presentation.
  • Available Endpoints: The Metals-API offers numerous endpoints, each with distinct functionalities tailored to meet various user needs.
  • Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals.
  • Gold Price India Endpoint: Retrieve the latest gold price specifically for India, catering to local market needs.
  • News Endpoint: Stay updated with the latest news articles related to various metals, enhancing your market awareness.

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 how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints and their JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1745539804,
    "base": "USD",
    "date": "2025-04-25",
    "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 (USD), the date of the rates, and the rates for various metals, including gold (XAU).

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1745453404,
    "base": "USD",
    "date": "2025-04-24",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint allows users to analyze past market behavior, which is essential for making informed trading decisions.

Time-Series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-18",
    "end_date": "2025-04-25",
    "base": "USD",
    "rates": {
        "2025-04-18": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-20": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-25": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for traders looking to identify trends over a specified period.

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745539804,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint simplifies transactions by allowing users to convert values seamlessly between different metals and currencies.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-18",
    "end_date": "2025-04-25",
    "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 endpoint is crucial for traders who need to understand market volatility and make timely decisions based on price changes.

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

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1745539804,
    "base": "USD",
    "date": "2025-04-25",
    "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 data is essential for technical analysis, allowing traders to assess market performance over time.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1745539804,
    "base": "USD",
    "date": "2025-04-25",
    "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 endpoint provides critical information for traders to understand market conditions and make informed decisions.

Conclusion

The Metals-API is an indispensable tool for developers and traders in the precious metals market. With its comprehensive features, including real-time data access, historical analysis, and various endpoints tailored to specific needs, it empowers users to make informed decisions based on accurate and timely information. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance trading strategies and improve market insights.

For further exploration of the API's capabilities, visit the Metals-API Website and dive into the detailed Metals-API Documentation for implementation guidance. Understanding the full range of supported symbols is also crucial, so be sure to check the Metals-API Supported Symbols page for a complete list.

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