Retrieve Mangalore Gold 24k (MANG-24k) Historical Prices using this API

In the ever-evolving landscape of precious metals trading, the ability to access historical prices is crucial for investors, traders, and developers alike. The Metals-API provides a robust solution for retrieving historical prices of various metals, including Mangalore Gold 24k (MANG-24k). This blog post delves into the capabilities of the Metals-API, focusing on how to effectively retrieve historical prices and leverage the API's features for insightful market analysis.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. As a precious metal, gold is not only a physical asset but also a digital one in today's market. The digital transformation in precious metals trading has opened new avenues for investors, allowing them to access real-time data and analytics that were previously unavailable.

With the advent of data analytics and market insights, traders can now make informed decisions based on historical trends and current market conditions. The integration of technology in trading has revolutionized how investors interact with gold and other precious metals. Innovations in price discovery mechanisms have enabled more accurate pricing, while digital asset solutions have made it easier to trade and invest in gold.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for precious metals. It empowers developers to build next-generation applications that can analyze market trends, track price fluctuations, and convert currencies seamlessly. The API is designed with innovation in mind, offering a range of endpoints that cater to various needs.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated frequently depending on the subscription plan. This capability allows users to stay ahead of market movements and make timely decisions. The API also supports historical rates dating back to 2019, enabling users to analyze past performance and forecast future trends.

For developers, the Metals-API offers a comprehensive set of endpoints, including:

Latest Rates Endpoint: Retrieve real-time exchange rates for all available metals.
Historical Rates Endpoint: Access historical exchange rates for any date since 1999.
Bid and Ask Endpoint: Get current bid and ask prices for metals.
Convert Endpoint: Convert any amount from one metal to another or to/from USD.
Time-Series Endpoint: Get exchange rates for a specific time period.
Fluctuation Endpoint: Track rate fluctuations between two dates.
Open/High/Low/Close (OHLC) Price Endpoint: Get OHLC data for a specific time period.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price.
Gold Price India Endpoint: Retrieve the latest gold price in India.
News Endpoint: Get the latest news articles related to various metals.

Key Features and Endpoints

The Metals-API is equipped with several key features that enhance its usability and functionality. Each endpoint serves a specific purpose, allowing users to tailor their queries to meet their needs.

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for all available metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to make quick decisions based on the latest market conditions.

{
    "success": true,
    "timestamp": 1746334886,
    "base": "USD",
    "date": "2025-05-04",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. This feature is particularly useful for analyzing trends over time and making informed investment decisions based on past performance.

{
    "success": true,
    "timestamp": 1746248486,
    "base": "USD",
    "date": "2025-05-03",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid and Ask Endpoint

The Bid and Ask Endpoint provides real-time bid and ask prices for metals. This information is crucial for traders looking to execute buy or sell orders at the best possible prices.

{
    "success": true,
    "timestamp": 1746334886,
    "base": "USD",
    "date": "2025-05-04",
    "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 simplifies the process of calculating the value of metals in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746334886,
        "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 is particularly useful for analyzing trends over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-27",
    "end_date": "2025-05-04",
    "base": "USD",
    "rates": {
        "2025-04-27": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-05-04": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This data is vital for understanding market volatility and making strategic trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-27",
    "end_date": "2025-05-04",
    "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 the 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": 1746334886,
    "base": "USD",
    "date": "2025-05-04",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Lowest/Highest Price Endpoint

The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specific date. This feature is useful for identifying price extremes and making informed trading decisions.

{
    "success": true,
    "timestamp": 1746334886,
    "base": "USD",
    "date": "2025-05-04",
    "rates": {
        "XAU": {
            "lowest": 0.000481,
            "highest": 0.000487
        }
    },
    "unit": "per troy ounce"
}

Common Use Cases and Integration Strategies

Developers can leverage the Metals-API in various ways to enhance their applications. Here are some common use cases:

Investment Analysis: Use historical rates to analyze trends and make informed investment decisions.
Trading Platforms: Integrate real-time data into trading platforms to provide users with up-to-date information.
Financial Applications: Build applications that require currency conversion and price tracking for metals.
Market Research: Utilize the API to gather data for market research and analysis.

When integrating the Metals-API into your applications, consider the following strategies:

Authentication: Ensure proper authentication using your unique API key to access the endpoints.
Error Handling: Implement robust error handling to manage API response errors effectively.
Rate Limiting: Be aware of rate limits associated with your subscription plan to avoid service interruptions.
Data Caching: Consider caching frequently accessed data to improve performance and reduce API calls.

Performance Optimization and Security Considerations

To ensure optimal performance when using the Metals-API, consider the following best practices:

Batch Requests: If your application requires multiple data points, consider batching requests to minimize the number of API calls.
Efficient Data Handling: Process and store data efficiently to reduce latency and improve response times.
Security Best Practices: Protect your API key and implement secure coding practices to prevent unauthorized access.

Conclusion

The Metals-API is a powerful tool for retrieving historical prices and real-time data for precious metals like Mangalore Gold 24k (MANG-24k). By leveraging its various endpoints, developers can create innovative applications that provide valuable insights into market trends and facilitate informed trading decisions. Whether you are building a trading platform, conducting market research, or analyzing investment opportunities, the Metals-API offers the flexibility and functionality needed to succeed in the dynamic world of precious metals trading.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation for detailed guidance on each endpoint. To explore the full range of supported symbols, check out the Metals-API Supported Symbols page. Start harnessing the power of real-time metals data today by visiting the Metals-API Website.

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Retrieve Mangalore Gold 24k (MANG-24k) Historical Prices using this API