Fetch Chennai Gold (XAU-CHEN) - Per Ounce Historical Prices through this API

In the ever-evolving landscape of financial technology, the demand for real-time data and analytics has never been more critical, especially in the precious metals market. One of the most sought-after commodities is gold, represented by the symbol XAU. For developers and traders looking to fetch historical prices of gold in Chennai, the Metals-API provides a robust solution. This blog post will explore the capabilities of the Metals-API, focusing on how to obtain historical prices for gold and the innovative features that make this API a game-changer in the realm of metals trading.

About Gold (XAU)

Gold has long been a symbol of wealth and stability, serving as a hedge against inflation and currency fluctuations. In recent years, the digital transformation in precious metals has opened new avenues for trading and investment. The integration of data analytics and market insights has empowered traders to make informed decisions based on real-time data. With the rise of technology in trading, innovations in price discovery have become essential, allowing for more accurate valuations and predictions.

The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to build next-generation applications that leverage real-time metals data. By utilizing the Metals-API, developers can access a wealth of information about gold prices, including historical data, current rates, and market trends, all of which are crucial for effective trading strategies.

API Description

The Metals-API is a powerful tool designed for developers seeking to integrate metals pricing data into their applications. It offers a wide range of functionalities, including real-time exchange rates, historical data, and various endpoints tailored to meet the needs of traders and analysts alike. The API's capabilities are not just limited to fetching data; it also empowers users to analyze trends, track fluctuations, and convert currencies seamlessly.

For those interested in exploring the Metals-API further, you can visit the Metals-API Website or check out the Metals-API Documentation for detailed information on how to get started.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, each designed with precision to provide accurate and timely data. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for various metals, updated according to your subscription plan. Depending on the plan, updates can occur every 60 minutes, every 10 minutes, or even more frequently. This endpoint is essential for traders who need to make quick decisions based on the latest market conditions.

{
    "success": true,
    "timestamp": 1748527216,
    "base": "USD",
    "date": "2025-05-29",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For those looking to analyze past performance, the Historical Rates endpoint allows users to access historical rates for most currencies dating back to 2019. By appending a specific date to the API call, developers can retrieve valuable data that can inform trading strategies and market analysis.

{
    "success": true,
    "timestamp": 1748440816,
    "base": "USD",
    "date": "2025-05-28",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for metals. This information is crucial for traders looking to execute buy or sell orders at the best possible prices.

{
    "success": true,
    "timestamp": 1748527216,
    "base": "USD",
    "date": "2025-05-29",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who deal with multiple currencies and need to quickly assess the value of their holdings.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748527216,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for analyzing trends over specific periods, enabling traders to make data-driven decisions.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-22",
    "end_date": "2025-05-29",
    "base": "USD",
    "rates": {
        "2025-05-22": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-05-24": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-05-29": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation endpoint provides insights into how currencies fluctuate on a day-to-day basis. This information is crucial for traders who need to understand market volatility and make informed decisions based on price changes.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-22",
    "end_date": "2025-05-29",
    "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

The OHLC endpoint provides users with the open, high, low, and close prices for a specific time period. This data is essential for technical analysis and helps traders identify trends and potential reversal points.

{
    "success": true,
    "timestamp": 1748527216,
    "base": "USD",
    "date": "2025-05-29",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME endpoint allows users to access historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for traders interested in the London Metal Exchange prices.

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 specific metals into their applications.

API Response and Field Meanings

Understanding the API response structure is crucial for developers. Each response typically includes fields such as:

success: Indicates whether the API request was successful.
timestamp: The time at which the data was retrieved.
base: The base currency for the exchange rates.
date: The date for which the rates are applicable.
rates: An object containing the exchange rates for various metals.
unit: The unit of measurement for the rates, typically per troy ounce.

By understanding these fields, developers can effectively parse the data and utilize it in their applications.

Common Use Cases and Integration Strategies

There are numerous use cases for the Metals-API, ranging from simple price retrieval to complex trading algorithms. Here are some practical examples:

Real-Time Trading Applications: Developers can create applications that fetch the latest gold prices and execute trades based on predefined criteria.
Market Analysis Tools: By utilizing the historical rates and time-series endpoints, developers can build tools that analyze market trends and provide insights to traders.
Portfolio Management Systems: The API can be integrated into portfolio management systems to track the value of metal holdings and provide alerts for significant price changes.

Performance Optimization and Security Considerations

When integrating the Metals-API into applications, performance optimization is key. Developers should consider implementing caching strategies to reduce the number of API calls and improve response times. Additionally, it is essential to handle errors gracefully and implement retry logic for failed requests.

Security is another critical aspect. Developers should ensure that their API keys are stored securely and not exposed in client-side code. Implementing rate limiting and monitoring usage can help prevent abuse and ensure compliance with the API's terms of service.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical data for precious metals like gold. With its extensive range of endpoints and capabilities, it empowers users to build innovative applications that leverage market insights and analytics. By understanding the API's features and implementing best practices, developers can create robust solutions that meet the needs of traders and investors alike.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the various endpoints available. Whether you are building a trading platform, a market analysis tool, or a portfolio management system, the Metals-API provides the data and functionality needed to succeed in the dynamic world of precious metals trading.

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Fetch Chennai Gold (XAU-CHEN) - Per Ounce Historical Prices through this API