Track Kolhapur Gold 24k (KOLH-24k) prices using this API

Track Kolhapur Gold 24k (KOLH-24k) Prices Using This API

In today's digital age, tracking the prices of precious metals like gold has become increasingly important for investors, traders, and enthusiasts alike. The Metals-API provides a robust solution for accessing real-time and historical data on gold prices, including the specific tracking of Kolhapur Gold 24k (KOLH-24k). This blog post will delve into the intricacies of the Metals-API, exploring its capabilities, features, and how it can empower developers to create innovative applications for tracking gold prices.

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 access and analyze market data. The digital transformation in precious metals trading is not just about convenience; it's about leveraging data analytics to gain market insights that were previously unattainable.

With the rise of technology integration in trading, the ability to access real-time data has become crucial. The Metals-API stands at the forefront of this innovation, offering developers the tools they need to build next-generation applications that can provide accurate price discovery and digital asset solutions. By utilizing the Metals-API, developers can create applications that not only track gold prices but also analyze trends and fluctuations, providing users with comprehensive insights into the gold market.

API Description

The Metals-API is a powerful tool designed to deliver real-time metals data, enabling developers to build applications that can respond to market changes instantaneously. This API provides a wide range of functionalities, including the ability to retrieve the latest rates, historical data, and even perform conversions between different metals and currencies. The transformative potential of real-time metals data cannot be overstated; it empowers businesses to make informed decisions based on accurate and timely information.

For more detailed information, you can visit the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively.

Key Features and Endpoints

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

  • 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 allows users to stay informed about the latest market conditions.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a date to your query, you can retrieve past rates, which is essential for trend analysis and forecasting.
  • Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices, giving traders the information they need to make quick decisions in a volatile market.
  • Convert Endpoint: The conversion endpoint allows users to convert any amount from one currency to another, facilitating transactions and analysis across different markets.
  • Time-Series Endpoint: This endpoint allows you to query the API for daily historical rates between two dates of your choice, providing a comprehensive view of price movements over time.
  • Fluctuation Endpoint: Track how currencies fluctuate on a day-to-day basis, which is crucial for understanding market volatility and making informed trading decisions.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is particularly useful 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, helping traders identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides the open, high, low, and close prices for a specific time period, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is invaluable for long-term analysis.
  • 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.
  • Available Endpoints: The Metals-API provides numerous endpoints, each designed for specific functionalities, ensuring that developers have access to the data they need.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, allowing developers to stay informed about the symbols they can use.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local traders.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements.

For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for effective implementation. Here are some examples of the API responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1744257619,
    "base": "USD",
    "date": "2025-04-10",
    "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 query, providing the latest exchange rates for various metals relative to USD. Each rate is expressed per troy ounce, which is the standard measurement for precious metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1744171219,
    "base": "USD",
    "date": "2025-04-09",
    "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. The response includes the rates for gold, silver, platinum, and palladium, allowing for comparative analysis.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-03",
    "end_date": "2025-04-10",
    "base": "USD",
    "rates": {
        "2025-04-03": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-05": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-10": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows users to track price changes over a specified period. This is particularly useful for identifying trends and making predictions based on historical data.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744257619,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates how to convert an amount from one currency to another. In this case, it shows that 1000 USD is equivalent to 0.482 troy ounces of gold.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-03",
    "end_date": "2025-04-10",
    "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 specified period, highlighting both the absolute change and the percentage change. This information is vital for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1744257619,
    "base": "USD",
    "date": "2025-04-10",
    "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 a comprehensive view of the price action for a specific period, which is essential for traders who rely on technical analysis to make informed decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1744257619,
    "base": "USD",
    "date": "2025-04-10",
    "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 critical information for traders, allowing them to understand the current market conditions and make informed decisions based on the spread between buying and selling prices.

Conclusion

The Metals-API is an invaluable resource for developers looking to track gold prices, including Kolhapur Gold 24k (KOLH-24k). With its extensive range of features and endpoints, the API empowers users to access real-time data, historical trends, and market insights that are essential for making informed trading decisions. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance the trading experience and provide users with the tools they need to succeed in the precious metals market.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.

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