Access real-time Mumbai Gold 24k (MUMB-24k) prices using this API
Access Real-Time Mumbai Gold 24k (MUMB-24k) Prices Using This API
In the ever-evolving landscape of financial technology, the demand for real-time data has surged, particularly in the precious metals market. One of the most sought-after commodities is gold, represented by the symbol XAU. With the advent of APIs like the Metals-API, developers can access real-time gold prices, including the Mumbai Gold 24k (MUMB-24k) rates, and integrate this data into their applications seamlessly. This blog post will delve into the intricacies of the Metals-API, its capabilities, and how it can empower developers to create innovative solutions in the precious metals trading space.
Metals-API Information
About Gold (XAU)
Gold has long been a symbol of wealth and stability, making it a critical asset in investment portfolios worldwide. The digital transformation in precious metals trading has opened new avenues for data analytics and market insights. With the integration of technology in trading, investors can now leverage real-time data to make informed decisions. The innovation in price discovery mechanisms has also been enhanced by digital asset solutions, allowing for more accurate and timely valuations of gold.
The Metals-API serves as a bridge between developers and the dynamic world of gold trading. By providing real-time access to gold prices, the API enables the creation of applications that can track market trends, analyze historical data, and even forecast future price movements. This capability is crucial for traders and investors looking to capitalize on market fluctuations.
API Description
The Metals-API is designed to provide developers with a robust set of tools to access real-time and historical data for various metals, including gold, silver, platinum, and palladium. The API's capabilities extend beyond mere price retrieval; it empowers developers to build next-generation applications that can analyze market data, perform currency conversions, and track fluctuations over time.
One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data updated at intervals depending on the subscription plan. This means that developers can choose a plan that best suits their needs, whether they require updates every 60 minutes or every 10 minutes. The API also offers historical rates dating back to 2019, allowing for comprehensive analysis and reporting.
Key Features and Endpoints
The Metals-API boasts a variety of endpoints, each designed to cater to specific needs within the precious metals trading ecosystem. Here are some of the key features:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. Depending on your subscription plan, you can receive updates every 60 minutes or more frequently. For example, a typical response might look like this:
{
"success": true,
"timestamp": 1747447263,
"base": "USD",
"date": "2025-05-17",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}{
"success": true,
"timestamp": 1747360863,
"base": "USD",
"date": "2025-05-16",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825
},
"unit": "per troy ounce"
}{
"success": true,
"timestamp": 1747447263,
"base": "USD",
"date": "2025-05-17",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1747447263,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}{
"success": true,
"timeseries": true,
"start_date": "2025-05-10",
"end_date": "2025-05-17",
"base": "USD",
"rates": {
"2025-05-10": {
"XAU": 0.000485
},
"2025-05-17": {
"XAU": 0.000482
}
},
"unit": "per troy ounce"
}{
"success": true,
"fluctuation": true,
"start_date": "2025-05-10",
"end_date": "2025-05-17",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}{
"success": true,
"timestamp": 1747447263,
"base": "USD",
"date": "2025-05-17",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}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. This resource is invaluable for developers looking to integrate multiple metals into their applications.
API Endpoint Examples and Responses
Understanding the API's response structure is crucial for effective integration. Each endpoint returns data in a JSON format, which is easy to parse and utilize in applications. Here are some detailed examples of various endpoints:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rates for all available metals. This is essential for applications that require up-to-the-minute pricing information.
{
"success": true,
"timestamp": 1747447263,
"base": "USD",
"date": "2025-05-17",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
This endpoint allows you to access historical exchange rates for any date since 1999, which is particularly useful for trend analysis and reporting.
{
"success": true,
"timestamp": 1747360863,
"base": "USD",
"date": "2025-05-16",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825
},
"unit": "per troy ounce"
}Time-Series Endpoint
The Time-Series Endpoint allows you to query the API for daily historical rates between two dates of your choice. This is invaluable for analyzing trends over time.
{
"success": true,
"timeseries": true,
"start_date": "2025-05-10",
"end_date": "2025-05-17",
"base": "USD",
"rates": {
"2025-05-10": {
"XAU": 0.000485
},
"2025-05-17": {
"XAU": 0.000482
}
},
"unit": "per troy ounce"
}Convert Endpoint
The Convert Endpoint allows you to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that need to handle multiple currencies.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1747447263,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Fluctuation Endpoint
This endpoint provides information about how currencies fluctuate on a day-to-day basis, which is essential for understanding market volatility.
{
"success": true,
"fluctuation": true,
"start_date": "2025-05-10",
"end_date": "2025-05-17",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}Open/High/Low/Close (OHLC) Price Endpoint
This endpoint provides open, high, low, and close prices for a specific time period, which is crucial for traders looking to analyze market movements.
{
"success": true,
"timestamp": 1747447263,
"base": "USD",
"date": "2025-05-17",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Conclusion
The Metals-API is a powerful tool for developers seeking to integrate real-time and historical data for precious metals like gold into their applications. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and the ability to convert between different metals and currencies, the API provides a comprehensive solution for accessing vital market information. By leveraging this API, developers can create innovative applications that enhance trading strategies, provide market insights, and facilitate better decision-making in the precious metals market.
For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols page for a complete list of available metal symbols. The Metals-API Website is also a valuable resource for understanding the full capabilities of this powerful API.