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Retrieve Kanpur Gold 24k (KANP-24k) Historical Prices through this API

Retrieve Kanpur Gold 24k (KANP-24k) Historical Prices through this API

Retrieve Kanpur Gold 24k (KANP-24k) Historical Prices through this API

Retrieve Kanpur Gold 24k (KANP-24k) Historical Prices through this API

In the world of precious metals, gold holds a unique position, not only as a valuable asset but also as a significant indicator of economic health. For developers and traders looking to access historical prices of gold, particularly the Kanpur Gold 24k (KANP-24k), the Metals-API provides a robust solution. This API allows users to retrieve real-time and historical data, enabling informed decision-making and strategic trading. In this blog post, we will delve into the capabilities of the Metals-API, focusing on how to effectively retrieve historical prices for gold and explore the broader implications of digital transformation in the precious metals market.

About Gold (XAU)

Gold, represented by the symbol XAU, is more than just a metal; it is a digital asset that has undergone significant transformation in recent years. The integration of technology in trading has revolutionized how investors access market data, analyze trends, and make decisions. The rise of data analytics has empowered traders with insights that were previously unattainable, allowing them to forecast price movements and optimize their trading strategies.

As the market for precious metals continues to evolve, the importance of real-time data cannot be overstated. The Metals-API stands at the forefront of this digital transformation, providing developers with the tools necessary to build next-generation applications that leverage real-time metals data. By utilizing this API, developers can create innovative solutions that enhance price discovery and improve trading efficiency.

API Description

The Metals-API is a powerful tool designed for developers seeking to access comprehensive data on precious metals. With its innovative architecture, the API enables users to retrieve real-time and historical prices, making it an essential resource for anyone involved in trading or investing in metals. The API's capabilities extend beyond simple price retrieval; it offers a suite of features that facilitate advanced data analysis and integration into various applications.

One of the standout features of the Metals-API is its ability to provide real-time exchange rate data, updated frequently based on the user's subscription plan. This ensures that traders have access to the most current information, allowing them to make timely decisions. Additionally, the API supports a wide range of endpoints, each designed to cater to specific data retrieval needs, from historical rates to bid and ask prices.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability and functionality:

  • 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 crucial for traders who need the latest information to make informed decisions.
  • 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 gold, allowing for comprehensive market analysis.
  • Bid and Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for various metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, allowing users to convert any amount from one currency to another, facilitating seamless transactions across different markets.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, making it easier to analyze trends over specific periods.
  • Fluctuation Endpoint: Users can retrieve information about how currencies fluctuate on a day-to-day basis, providing insights into market volatility and price stability.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, catering to specific market needs and preferences.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, enabling them to identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides users with the open, high, low, and close prices for a specific date, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for a comprehensive analysis of market trends over time.
  • API Key: Users must pass their unique API key into the API base URL's access_key parameter to authenticate their requests.
  • API Response: Exchange rates delivered by the Metals-API are by default relative to USD, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API comes with a constantly updated endpoint returning all available currencies, ensuring users have access to the latest market information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, catering to regional market needs.
  • News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses for key endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1746061395,
    "base": "USD",
    "date": "2025-05-01",
    "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 provides real-time exchange rates for various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). The data is presented in a clear format, allowing developers to easily integrate it into their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745974995,
    "base": "USD",
    "date": "2025-04-30",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to access historical rates for gold and other metals. By specifying a date, users can retrieve past prices, which is essential for conducting market analysis and identifying trends.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-24",
    "end_date": "2025-05-01",
    "base": "USD",
    "rates": {
        "2025-04-24": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-26": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-01": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows users to analyze price movements over a specified period. This is particularly useful for traders looking to identify patterns and make predictions based on historical data.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746061395,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This endpoint demonstrates the API's ability to convert amounts between different currencies. In this case, it converts 1000 USD to gold (XAU), providing the result in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-24",
    "end_date": "2025-05-01",
    "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 prices have changed over a specific period, highlighting both absolute changes and percentage fluctuations. This information is invaluable for traders looking to understand market dynamics.

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

{
    "success": true,
    "timestamp": 1746061395,
    "base": "USD",
    "date": "2025-05-01",
    "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 technical analysis, allowing traders to assess market performance based on open, high, low, and close prices for specific dates.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1746061395,
    "base": "USD",
    "date": "2025-05-01",
    "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 essential information for traders, allowing them to understand the current market spread and make informed trading decisions.

Conclusion

The Metals-API is an invaluable resource for developers and traders looking to access historical prices and real-time data for precious metals, including Kanpur Gold 24k (KANP-24k). By leveraging the API's extensive features, users can gain insights into market trends, optimize their trading strategies, and make informed decisions based on accurate data.

As the digital transformation in the precious metals market continues to unfold, the importance of real-time data and advanced analytics will only grow. The Metals-API stands ready to empower developers with the tools they need to navigate this evolving landscape. For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals.

In summary, whether you are a seasoned trader or a developer looking to integrate precious metals data into your applications, the Metals-API offers the capabilities you need to succeed in today's fast-paced market.

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