Retrieve Ludhiana Gold 22k (LUDH-22k) Historical Prices Using Metals-API

Retrieve Ludhiana Gold 22k (LUDH-22k) Historical Prices Using Metals-API

In today's digital age, the demand for accurate and timely data in the precious metals market has never been higher. For developers and traders alike, accessing historical prices for gold, particularly Ludhiana Gold 22k (LUDH-22k), is crucial for making informed decisions. The Metals-API provides a robust solution for retrieving historical prices and real-time data for various metals, including gold. This blog post will delve into the capabilities of the Metals-API, focusing on how to effectively retrieve historical prices and explore the innovative features that make this API a powerful tool for developers.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth and investment. As the world transitions into a more digital economy, the integration of technology in trading precious metals is transforming how investors and developers interact with market data. The digital transformation in precious metals trading is characterized by the use of data analytics and market insights, enabling traders to make data-driven decisions.

Moreover, technology integration in trading platforms allows for real-time updates and seamless transactions, enhancing the overall trading experience. Innovations in price discovery mechanisms are also emerging, with digital asset solutions providing new avenues for investment in gold and other precious metals.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data for various metals. With its innovative design, the API empowers developers to build next-generation applications that can analyze market trends, track price fluctuations, and convert currencies with ease. The API's capabilities extend beyond simple data retrieval; it allows for comprehensive analysis and integration into various applications, making it an essential resource for anyone involved in the precious metals market.

For more information, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a range of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data. Here’s a closer look at some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for various metals, updated at intervals depending on your subscription plan. This feature is essential for traders who need to stay informed about current market conditions.

{
    "success": true,
    "timestamp": 1743746416,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing trends over time. The Historical Rates Endpoint allows users to query historical prices dating back to 2019 by appending a specific date to the API request. This feature is particularly useful for developers looking to build applications that require historical data analysis.

{
    "success": true,
    "timestamp": 1743660016,
    "base": "USD",
    "date": "2025-04-03",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask Endpoint provides real-time bid and ask prices for metals, allowing traders to make informed decisions based on current market conditions. This feature is particularly beneficial for those engaged in high-frequency trading.

{
    "success": true,
    "timestamp": 1743746416,
    "base": "USD",
    "date": "2025-04-04",
    "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"
}

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is essential for traders who need to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743746416,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is particularly useful for developers looking to analyze trends over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-28",
    "end_date": "2025-04-04",
    "base": "USD",
    "rates": {
        "2025-03-28": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-04-04": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how currencies fluctuate on a day-to-day basis. This feature is invaluable for traders who need to understand market volatility.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-28",
    "end_date": "2025-04-04",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price Endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is essential for technical analysis and understanding market trends.

{
    "success": true,
    "timestamp": 1743746416,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This feature is particularly useful for developers looking to analyze long-term trends in the metals market.

API Key and Response

Your API Key is essential for accessing the Metals-API. It is passed into the API base URL's access_key parameter, ensuring secure and authenticated access to the data. The API response delivers exchange rates relative to USD by default, providing a consistent basis for analysis.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

Conclusion

In conclusion, the Metals-API is a powerful resource for developers looking to access historical prices and real-time data for precious metals like gold. With its innovative features and endpoints, the API enables the creation of sophisticated applications that can analyze market trends, track fluctuations, and provide valuable insights into the precious metals market. By leveraging the capabilities of the Metals-API, developers can enhance their trading strategies and make informed decisions based on accurate and timely data.

For further exploration of the API's capabilities, visit the Metals-API Documentation for detailed guidance on implementation and usage.