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Access Magnesium (MG) Historical Prices using this API for Research Purposes

Access Magnesium (MG) Historical Prices using this API for Research Purposes

Access Magnesium (MG) Historical Prices using this API for Research Purposes

Accessing historical prices for Magnesium (MG) has never been easier, thanks to the innovative capabilities of the Metals-API. This powerful API provides developers with the tools necessary to retrieve real-time and historical data on various metals, including Magnesium, enabling in-depth research and analysis. In this blog post, we will explore the features of the Metals-API, the significance of Magnesium in the metal markets, and how developers can leverage this API to gain valuable insights.

Metals-API Information

About Magnesium (MG)

Magnesium, represented by the symbol MG, is a lightweight metal that plays a crucial role in various industries, including automotive, aerospace, and electronics. As the world moves towards digital transformation, the metal markets are also evolving. The integration of smart technology and data analytics is reshaping how we understand and interact with metal prices. With the rise of technological innovation, the demand for real-time data has increased, making APIs like Metals-API essential for developers and researchers alike.

Technological advancements have enabled the collection and analysis of vast amounts of data, providing insights that were previously unattainable. The Metals-API empowers developers to build applications that can analyze historical price trends, monitor fluctuations, and make informed decisions based on real-time data. As we look to the future, the possibilities for integrating smart technology with metal markets are endless, paving the way for more efficient trading, investment strategies, and market analysis.

API Description

The Metals-API is a comprehensive solution for accessing real-time and historical metal prices. It offers a wide range of endpoints that cater to various needs, from retrieving the latest rates to accessing historical data dating back to 2019. This API is designed for developers who require accurate and timely information to build next-generation applications.

One of the standout features of the Metals-API is its ability to provide real-time exchange rate data, updated at intervals depending on the subscription plan. This ensures that users have access to the most current information, which is critical for making informed decisions in a fast-paced market. The API also supports a variety of endpoints, including those for historical rates, bid and ask prices, and currency conversion, making it a versatile tool for any developer working with metal data.

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

Key Features and Endpoints

The Metals-API offers several key features that enhance its functionality and usability for developers:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on the subscription plan. This feature is essential for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Developers can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, users can retrieve past pricing data, which is invaluable for trend analysis and research.
  • Bid And Ask Endpoint: This feature allows users to obtain real-time bid and ask prices for metals, providing insights into market dynamics and helping traders make informed decisions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates, facilitating in-depth analysis of price movements over time.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and helping to inform trading strategies.
  • Carat Endpoint: This unique feature allows users to retrieve information about gold rates by carat, catering to specific market needs.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for a specific time period, which is crucial for technical analysis and trading strategies.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008, allowing for extensive research on market trends.
  • API Key: Each user is assigned a unique API key, which is required to access the API's features. This ensures secure and authorized access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format, making it easy to integrate into applications.
  • Available Endpoints: The API offers a wide range of endpoints, each designed to provide specific functionalities, ensuring that developers have the tools they need for their applications.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, allowing developers to stay informed about the metals they can query.
  • Gold Price India Endpoint: Users can retrieve the latest gold prices in India using this dedicated endpoint, catering to regional market needs.
  • News Endpoint: The Metals-API also provides access to the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

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

Latest Rates Endpoint

To get real-time exchange rates for all available metals, you can use the latest rates endpoint. Here’s an example response:

{
    "success": true,
    "timestamp": 1748138488,
    "base": "USD",
    "date": "2025-05-25",
    "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 that the API successfully retrieved the latest rates, with the base currency being USD. The rates for various metals are provided, allowing developers to integrate this data into their applications seamlessly.

Historical Rates Endpoint

Accessing historical exchange rates is straightforward. Here’s an example of a response from the historical rates endpoint:

{
    "success": true,
    "timestamp": 1748052088,
    "base": "USD",
    "date": "2025-05-24",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical rates for a specific date, allowing developers to analyze trends and make data-driven decisions.

Time-series Endpoint

The time-series endpoint is useful for retrieving exchange rates over a specific period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-18",
    "end_date": "2025-05-25",
    "base": "USD",
    "rates": {
        "2025-05-18": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-20": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-25": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily rates for the specified period, enabling developers to perform time-based analyses and visualize trends effectively.

Convert Endpoint

The convert endpoint allows users to convert amounts between different metals or to/from USD. Here’s an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748138488,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the conversion of 1000 USD to troy ounces of gold (XAU), providing developers with the necessary data for currency conversion functionalities.

Fluctuation Endpoint

The fluctuation endpoint tracks rate changes between two dates. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-18",
    "end_date": "2025-05-25",
    "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 response provides insights into how metal prices have fluctuated over the specified period, which is crucial for traders looking to capitalize on market movements.

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

The OHLC endpoint provides essential data for technical analysis. Here’s an example response:

{
    "success": true,
    "timestamp": 1748138488,
    "base": "USD",
    "date": "2025-05-25",
    "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 the open, high, low, and close prices for metals, which are critical for traders and analysts performing technical analysis.

Bid/Ask Endpoint

The bid/ask endpoint provides current bid and ask prices for metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1748138488,
    "base": "USD",
    "date": "2025-05-25",
    "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 response provides the current bid and ask prices, along with the spread, which is essential for traders looking to execute orders effectively.

Conclusion

The Metals-API is a powerful tool for developers looking to access historical prices and real-time data for Magnesium and other metals. With its extensive range of endpoints and features, the API enables users to perform in-depth analysis, monitor market trends, and make informed decisions based on accurate data. As the metal markets continue to evolve, leveraging such innovative technologies will be crucial for staying ahead in this dynamic landscape.

For further exploration, visit the Metals-API Website to learn more about its capabilities, or check out the Metals-API Supported Symbols page for a complete list of available metal symbols. By utilizing the Metals-API, developers can unlock the potential of real-time metals data and drive the future of metal market analysis.

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