Retrieve Patna Gold 24k (PATN-24k) Daily Historical Prices via Metals-API

In the ever-evolving landscape of financial technology, the demand for precise and real-time data has never been more critical, especially in the realm of precious metals trading. One such valuable asset is gold, represented by the symbol XAU. This blog post delves into the capabilities of the Metals-API, focusing on how developers can retrieve historical prices for Patna Gold 24k (PATN-24k) and other precious metals. We will explore the API's features, endpoints, and the transformative potential of integrating real-time metals data into applications.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, serving as a hedge against inflation and currency fluctuations. In recent years, the digital transformation of precious metals has opened new avenues for trading and investment. The integration of data analytics and market insights into trading strategies has become essential for investors looking to capitalize on price movements. With the advent of technology, price discovery has evolved, allowing for more accurate valuations and trading opportunities.

The Metals-API plays a pivotal role in this transformation by providing developers with access to real-time and historical data on precious metals, including gold. By leveraging this API, developers can create innovative applications that offer insights into market trends, enabling users to make informed decisions based on accurate data.

API Description

The Metals-API is a powerful tool designed to deliver real-time and historical data on various metals, including gold, silver, platinum, and palladium. This API empowers developers to build next-generation applications that require accurate and timely metals data. With its user-friendly interface and comprehensive documentation, the Metals-API makes it easy for developers to integrate metals data into their applications.

For more information on how to get started, refer to the Metals-API Documentation, which provides detailed instructions on authentication, endpoint usage, and response handling.

Key Features and Endpoints

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

Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data for metals, updated every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for traders who need to stay updated on market fluctuations.
Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to the API request. This feature allows users to analyze past price trends and make informed predictions about future movements.
Bid and Ask Endpoint: Retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: This endpoint enables users to convert any amount from one metal to another or to/from USD, facilitating seamless transactions and calculations.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, allowing for in-depth analysis of price movements over time.
Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and consumers looking to understand the value of gold jewelry.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, which can be useful for identifying market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Get the open, high, low, and close prices for a specific date, providing a comprehensive view of daily price action.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for those interested in industrial metals.
API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to the specific needs of Indian investors.
News Endpoint: Stay informed with the latest news articles related to various metals, helping users keep up with market developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various endpoints and their corresponding JSON responses.

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1744081292,
    "base": "USD",
    "date": "2025-04-08",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1743994892,
    "base": "USD",
    "date": "2025-04-07",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-01",
    "end_date": "2025-04-08",
    "base": "USD",
    "rates": {
        "2025-04-01": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-03": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-08": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

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": 1744081292,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-01",
    "end_date": "2025-04-08",
    "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"
}

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

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1744081292,
    "base": "USD",
    "date": "2025-04-08",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1744081292,
    "base": "USD",
    "date": "2025-04-08",
    "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"
}

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter common questions regarding its usage:

How do I authenticate with the Metals-API?

Authentication is achieved using your unique API key, which must be included in the API request as a query parameter. This ensures that only authorized users can access the data.

What are the rate limits for API requests?

Rate limits vary based on your subscription plan. It's essential to review the documentation to understand the limits and avoid exceeding them, which could result in temporary access restrictions.

How can I handle errors in API responses?

The Metals-API provides structured error messages in the response. Developers should implement error handling to manage these responses gracefully, ensuring a smooth user experience.

Performance Optimization and Security Considerations

When integrating the Metals-API, developers should consider performance optimization strategies, such as caching frequently accessed data to reduce API calls and improve response times. Additionally, implementing security best practices, such as validating input data and using HTTPS for API requests, is crucial to protect sensitive information.

Conclusion

The Metals-API offers a robust solution for developers seeking to access real-time and historical data on precious metals, including gold. By leveraging its various endpoints, developers can create applications that provide valuable insights into market trends and price movements. The integration of this API not only enhances trading strategies but also empowers users with the information they need to make informed decisions.

For further exploration of the Metals-API's capabilities, visit the Metals-API Website and check out the Metals-API Supported Symbols for a comprehensive list of available metals. With the right tools and data at your disposal, the potential for innovation in precious metals trading is limitless.

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Knowledge Base

Retrieve Patna Gold 24k (PATN-24k) Daily Historical Prices via Metals-API