Download Hyderabad Gold 24k (HYDE-24k) Historical Prices utilizing this API

Download Hyderabad Gold 24k (HYDE-24k) Historical Prices Utilizing This API

In the ever-evolving landscape of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. One of the most sought-after metals is gold, particularly in the form of 24k gold, which is highly valued in markets like Hyderabad. This blog post will delve into the intricacies of obtaining historical prices for Hyderabad Gold 24k (HYDE-24k) using the Metals-API. We will explore the capabilities of this API, its innovative features, and how it empowers developers to create next-generation applications that leverage real-time metals data.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a symbol of wealth and stability. In recent years, the digital transformation in precious metals has reshaped how traders and investors interact with this valuable asset. The integration of data analytics and market insights has allowed for more informed trading strategies, enabling users to capitalize on fluctuations in gold prices.

As technology continues to advance, the integration of innovative solutions in price discovery has become paramount. The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to access real-time and historical gold price data. This API not only facilitates trading but also enhances the overall experience of managing gold investments.

Metals-API Overview

The Metals-API is a powerful tool designed for developers looking to integrate metals pricing data into their applications. With a focus on innovation and technological advancement, the API offers a range of features that cater to various use cases. From real-time exchange rates to historical data, the Metals-API provides comprehensive access to the information needed for effective trading and investment strategies.

One of the standout features of the Metals-API is its ability to deliver real-time data. Depending on your subscription plan, the API can return exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This ensures that users have access to the most current information, allowing them to make timely decisions in a fast-paced market.

Key Features of Metals-API

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

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including gold. Users can access the latest rates for XAU and other metals, ensuring they are always informed about current market conditions.
Historical Rates Endpoint: For those interested in analyzing trends, the historical rates endpoint allows users to query data dating back to 2019. By appending a specific date to the API request, developers can retrieve historical gold prices, which is essential for market analysis.
Bid and Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for gold and other metals. Understanding the spread between these prices is crucial for traders looking to optimize their buying and selling strategies.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts between different metals or to/from USD. This is particularly useful for traders who operate in multiple currencies.
Time-Series Endpoint: Users can query the API for daily historical rates between two specified dates. This feature is invaluable for analyzing price movements over time and identifying patterns.
Fluctuation Endpoint: This endpoint provides insights into how metal prices fluctuate on a day-to-day basis. By tracking these fluctuations, traders can make more informed decisions based on market trends.
Carat Endpoint: For those interested in gold purity, the carat endpoint allows users to retrieve gold rates by carat. This is particularly relevant for jewelers and consumers looking to understand the value of gold jewelry.
Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for gold over a specified period, which is essential for identifying market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed pricing information, including the opening, high, low, and closing prices for gold. This data is crucial for traders looking to analyze market performance.
Historical LME Endpoint: For those interested in LME symbols, this endpoint provides historical rates dating back to 2008, allowing for comprehensive market analysis.
API Key: Each user is assigned a unique API key, which is required for accessing the API. This key ensures secure and authorized access to the data.
API Response: The API delivers exchange rates relative to USD by default, providing a consistent basis for comparison across different metals.
Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
Gold Price India Endpoint: For users specifically interested in the Indian market, this endpoint retrieves the latest gold prices in India, making it easier to track local market conditions.
News Endpoint: The Metals-API also includes a news endpoint, allowing users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

Understanding API Responses

When working with the Metals-API, understanding the structure of the API responses is crucial for effective integration. Here are some examples of the JSON responses you can expect from various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1756141237,
    "base": "USD",
    "date": "2025-08-25",
    "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"
}

The response includes a success flag, a timestamp, the base currency (USD), the date of the rates, and a list of rates for various metals. The unit indicates that the rates are provided per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1756054837,
    "base": "USD",
    "date": "2025-08-24",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response structure is similar to the latest rates endpoint but focuses on historical data for a specific date. Developers can use this information to analyze past price movements.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-08-18",
    "end_date": "2025-08-25",
    "base": "USD",
    "rates": {
        "2025-08-18": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-08-20": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-08-25": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides a time series of rates between two specified dates, allowing for detailed analysis of price trends over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1756141237,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint allows users to convert a specified amount from one metal to another or to/from USD. The response includes the conversion rate and the result of the conversion.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-08-18",
    "end_date": "2025-08-25",
    "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 endpoint provides information about how metal prices fluctuate between two dates, including the percentage change, which is vital for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1756141237,
    "base": "USD",
    "date": "2025-08-25",
    "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"
}

The OHLC endpoint provides detailed pricing information, which is essential for traders looking to analyze market performance and make informed decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1756141237,
    "base": "USD",
    "date": "2025-08-25",
    "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 endpoint provides current bid and ask prices, which are essential for traders looking to optimize their buying and selling strategies.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into your applications can unlock a myriad of possibilities. Here are some practical use cases:

Trading Platforms: Developers can create trading platforms that utilize real-time and historical gold price data to provide users with insights and analytics, enhancing their trading experience.
Investment Analysis Tools: By leveraging the historical rates and time-series data, developers can build tools that analyze investment performance over time, helping users make informed decisions.
Market Monitoring Applications: Applications that monitor market fluctuations can benefit from the fluctuation endpoint, allowing users to receive alerts based on significant price changes.
Currency Conversion Services: The convert endpoint can be integrated into financial applications that require seamless currency conversion for metals, providing users with accurate and timely information.

Common Developer Questions

As developers explore the Metals-API, they may encounter common questions regarding its implementation:

How do I authenticate with the API? Each user is assigned a unique API key, which must be included in the API request to authenticate access.
What are the rate limits for API requests? Rate limits vary based on the subscription plan. It's essential to review the documentation for specific limits to avoid exceeding them.
How can I handle errors in API responses? The API provides detailed error messages in the response, allowing developers to implement error handling and recovery strategies effectively.

Conclusion

In conclusion, the Metals-API offers a comprehensive solution for developers looking to access real-time and historical gold price data. By leveraging its innovative features and endpoints, developers can create powerful applications that enhance trading experiences and provide valuable market insights. Whether you are building a trading platform, investment analysis tool, or market monitoring application, the Metals-API equips you with the necessary tools to succeed in the dynamic world of precious metals trading.

For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols to find the right data for your needs. With the right tools and insights, you can navigate the complexities of the gold market with confidence.

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Download Hyderabad Gold 24k (HYDE-24k) Historical Prices utilizing this API