Using Metals-API to Get NAGP-22k Historical Prices for Financial Models

Introduction

In the rapidly evolving world of finance and commodities, having access to accurate and timely data is crucial for making informed decisions. One of the most valuable resources for obtaining real-time and historical prices of various metals is the Metals-API. This powerful API allows developers to integrate comprehensive metal pricing data into their applications, enabling them to build advanced financial models and analytics tools. In this blog post, we will explore how to use Metals-API to get historical prices for NAGP-22k, focusing on Molybdenum (MO) and its significance in the market.

Metals-API Information

About Molybdenum (MO)

Molybdenum is a critical metal used in various industrial applications, including steel production, electronics, and chemical processing. As industries continue to innovate and evolve, the demand for Molybdenum is expected to rise, driven by technological advancements and digital transformation in metal markets. The integration of smart technologies and data analytics is revolutionizing how businesses operate, providing insights that were previously unattainable.

With the advent of real-time data access through APIs like Metals-API, developers can leverage historical price data to create predictive models, analyze market trends, and optimize supply chain management. The ability to track Molybdenum prices over time allows businesses to make strategic decisions based on market fluctuations and future trends.

API Description

The Metals-API is designed to provide developers with a robust platform for accessing metal pricing data. It offers a variety of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data dating back to 2019. The API's capabilities empower developers to build next-generation applications that can analyze and visualize metal prices in real time.

For more detailed information on how to use the API, you can refer to the Metals-API Documentation. This resource provides comprehensive guidance on the various endpoints, their functionalities, and how to implement them effectively.

Key Features and Endpoints

The Metals-API offers a range of features that can be utilized for various applications. Here are some of the key endpoints and their functionalities:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, every 10 minutes, or more frequently, depending on your subscription plan. This feature is essential for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve historical price data, which is crucial for financial modeling and analysis.
  • Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert amounts between different metals or to/from USD. This is particularly useful for applications that require multi-metal pricing.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice, allowing for in-depth analysis of price trends over specific periods.
  • Fluctuation Endpoint: This endpoint provides information on how metal prices fluctuate on a day-to-day basis, helping users understand market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest prices for a specific metal over a defined period.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period, which is vital for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is crucial for traders and analysts focusing on LME metals.
  • API Key: Each user is provided with a unique API key that must be included in API requests to authenticate and authorize access.
  • 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 offers numerous endpoints, each providing different functionalities tailored to user needs.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, ensuring users have access to the most current information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional traders.
  • News Endpoint: Access the latest news articles related to various metals, keeping users informed about market developments.

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.

API Endpoint Examples and Responses

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

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1742256658,
    "base": "USD",
    "date": "2025-03-18",
    "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": 1742170258,
    "base": "USD",
    "date": "2025-03-17",
    "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": "2025-03-11",
    "end_date": "2025-03-18",
    "base": "USD",
    "rates": {
        "2025-03-11": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-13": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-18": {
            "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": 1742256658,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-11",
    "end_date": "2025-03-18",
    "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) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1742256658,
    "base": "USD",
    "date": "2025-03-18",
    "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": 1742256658,
    "base": "USD",
    "date": "2025-03-18",
    "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"
}

Conclusion

In conclusion, the Metals-API provides a powerful and flexible solution for accessing real-time and historical metal pricing data, including Molybdenum (MO). By leveraging the various endpoints offered by the API, developers can create sophisticated applications that analyze market trends, optimize trading strategies, and enhance decision-making processes. The ability to access comprehensive data through a single API simplifies the integration process and allows for the development of innovative financial models.

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 complete list of available metal symbols, ensuring you have the information you need at your fingertips.

As the metal markets continue to evolve, staying informed and leveraging advanced data analytics will be key to success. The Metals-API stands at the forefront of this transformation, offering developers the tools they need to thrive in a competitive landscape.

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