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Retrieve Mumbai Gold (XAU-MUMB) - Per Ounce Historical Prices with this API

Retrieve Mumbai Gold (XAU-MUMB) - Per Ounce Historical Prices with this API

Retrieve Mumbai Gold (XAU-MUMB) - Per Ounce Historical Prices with this API

Retrieve Mumbai Gold (XAU-MUMB) - Per Ounce Historical Prices with this API

In the ever-evolving landscape of precious metals trading, the ability to access accurate and timely data is paramount. For developers and traders alike, understanding how to retrieve historical prices for gold (XAU) in Mumbai can significantly enhance decision-making processes. The Metals-API provides a robust solution for accessing historical prices, enabling users to leverage data analytics and market insights effectively. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for gold in Mumbai, while exploring the broader implications of digital transformation in precious metals trading.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. In recent years, the digital transformation of precious metals has opened new avenues for trading and investment. The integration of technology in trading platforms has led to enhanced data analytics capabilities, allowing traders to gain deeper insights into market trends and price movements.

As the demand for real-time data increases, the importance of innovative price discovery mechanisms becomes evident. The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to build next-generation applications that can respond to market fluctuations instantaneously. By utilizing the Metals-API, developers can create digital asset solutions that cater to the needs of modern investors, ensuring they have access to the most accurate and up-to-date information.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including gold, silver, platinum, and palladium. With its user-friendly interface and comprehensive documentation, developers can easily integrate this API into their applications. The API empowers users to access a wealth of information, including the latest rates, historical prices, and market fluctuations, all in a seamless manner.

For more detailed information, you can visit the Metals-API Website and explore the Metals-API Documentation for comprehensive guidance on implementation and usage.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data retrieval needs. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for traders who need to make quick decisions based on the latest market conditions.
  • 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 past prices, enabling them to analyze trends and make informed predictions.
  • Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals, providing insight into market liquidity and pricing dynamics.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders operating in multiple currencies.
  • Time-Series Endpoint: This endpoint enables users to query the API for daily historical rates between two dates of their choice, facilitating in-depth analysis of price movements over time.
  • Fluctuation Endpoint: Users can track how currencies fluctuate on a day-to-day basis, providing valuable insights into market volatility and trends.
  • Carat Endpoint: This endpoint allows users to retrieve information about gold rates by carat, catering to jewelers and consumers interested in specific gold purities.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, aiding in market analysis and investment strategies.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis and trading strategies.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for comprehensive analysis of market trends over an extended period.
  • API Key: Each user is provided with a unique API key, which must be included in the API requests to authenticate and authorize access.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency and ease of use for developers.
  • Available Endpoints: The Metals-API offers a constantly updated endpoint that returns all available currencies, ensuring users have access to the latest information.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold price in India, making it particularly relevant for traders in the Indian market.
  • News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments and trends.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective integration. Below are examples of the responses you can expect from various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1748314876,
    "base": "USD",
    "date": "2025-05-27",
    "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 indicates a successful request, providing the latest exchange rates for various metals, including gold (XAU).

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1748228476,
    "base": "USD",
    "date": "2025-05-26",
    "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 a specific date, allowing users to analyze past market conditions.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "base": "USD",
    "rates": {
        "2025-05-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of rates between two specified dates, allowing for detailed trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748314876,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint allows users to convert amounts between different metals or currencies, providing flexibility in trading.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "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 tracks fluctuations in rates over a specified period, providing insights into market volatility.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1748314876,
    "base": "USD",
    "date": "2025-05-27",
    "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 response provides essential OHLC data for traders looking to analyze price movements within a specific timeframe.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1748314876,
    "base": "USD",
    "date": "2025-05-27",
    "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 current bid and ask prices, which are crucial for traders looking to execute orders effectively.

Conclusion

The Metals-API is an invaluable resource for developers and traders seeking to access historical prices for gold (XAU) in Mumbai and beyond. By leveraging the various endpoints offered by the API, users can gain insights into market trends, track fluctuations, and make informed trading decisions. The integration of technology in precious metals trading not only enhances data analytics capabilities but also fosters innovation in price discovery.

For those looking to dive deeper into the capabilities of the Metals-API, I encourage you to explore the Metals-API Documentation for detailed guidance on implementation and usage. Additionally, the Metals-API Supported Symbols page provides a comprehensive list of all available metal symbols, ensuring you have the information you need at your fingertips.

In a world where data drives decisions, the Metals-API stands out as a transformative tool that empowers developers to create innovative applications in the precious metals market. By harnessing the power of real-time data, you can stay ahead of the curve and make strategic decisions that align with market dynamics.

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