Fetch Kolkata Gold (XAU-KOLK) prices in real-time using this API
Introduction
In the ever-evolving landscape of financial technology, the ability to fetch real-time data is crucial for developers and traders alike. One such valuable resource is the Metals-API, which provides real-time prices for precious metals, including Gold (XAU), Silver (XAG), Platinum (XPT), and Palladium (XPD). This blog post will delve into the capabilities of the Metals-API, focusing on how to fetch Kolkata Gold (XAU-KOLK) prices in real-time, the markets involved, and the innovative technology that underpins this API.
Metals-API Information
About Gold (XAU)
Gold, represented by the symbol XAU, has been a cornerstone of wealth and investment for centuries. In recent years, the digital transformation in precious metals has opened new avenues for traders and investors. The integration of data analytics and market insights allows for a more informed trading strategy, while technology integration in trading platforms enhances user experience and efficiency.
Innovation in price discovery has been accelerated by the advent of digital asset solutions, enabling real-time tracking of gold prices across various markets. As a result, developers can leverage APIs like Metals-API to build applications that provide users with timely and accurate information on gold prices, including those specific to Kolkata.
API Description
The Metals-API is a powerful tool that empowers developers to access real-time metals data, enabling the creation of next-generation applications. With its robust architecture, the API offers a variety of endpoints that cater to different needs, from fetching the latest rates to historical data analysis. The API's capabilities are designed to support developers in building applications that require precise and timely information on precious metals.
For more detailed information about the API, you can visit the Metals-API Website or check the Metals-API Documentation for comprehensive guidelines.
Key Features and Endpoints
The Metals-API offers a range of endpoints that provide various functionalities. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint allows users to retrieve real-time exchange rate data for precious metals. Depending on your subscription plan, the API can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to make quick decisions based on the latest market conditions.
{
"success": true,
"timestamp": 1748062867,
"base": "USD",
"date": "2025-05-24",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
The Historical Rates Endpoint provides access to historical exchange rates for most currencies dating back to 2019. This feature is particularly useful for analysts and traders who want to study past market trends and make informed predictions about future movements.
{
"success": true,
"timestamp": 1747976467,
"base": "USD",
"date": "2025-05-23",
"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 optimal prices.
{
"success": true,
"timestamp": 1748062867,
"base": "USD",
"date": "2025-05-24",
"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 need to quickly assess the value of their holdings in different currencies.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1748062867,
"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 is particularly useful for analyzing trends over specific periods, enabling traders to make data-driven decisions.
{
"success": true,
"timeseries": true,
"start_date": "2025-05-17",
"end_date": "2025-05-24",
"base": "USD",
"rates": {
"2025-05-17": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-05-24": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for traders who want to understand market volatility and make informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-05-17",
"end_date": "2025-05-24",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}Carat Endpoint
The Carat Endpoint allows users to retrieve information about Gold rates by Carat. This is particularly useful for jewelers and traders dealing in various purities of gold.
{
"success": true,
"timestamp": 1748062867,
"base": "USD",
"date": "2025-05-24",
"rates": {
"XAU": {
"carat_24": 0.000482,
"carat_22": 0.000442,
"carat_18": 0.000367
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specific date. This feature is useful for traders looking to identify price extremes over a given period.
{
"success": true,
"timestamp": 1748062867,
"base": "USD",
"date": "2025-05-24",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"unit": "per troy ounce"
}Open/High/Low/Close (OHLC) Price Endpoint
The Open/High/Low/Close (OHLC) Price Endpoint allows users to query the API to get the open, high, low, and close price for a specific date. This is essential for traders who want to analyze price movements throughout the trading day.
{
"success": true,
"timestamp": 1748062867,
"base": "USD",
"date": "2025-05-24",
"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 provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for traders who want to analyze long-term trends in the metals market.
{
"success": true,
"timestamp": 1747976467,
"base": "USD",
"date": "2025-05-23",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825
},
"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.
Conclusion
The Metals-API is a transformative tool for developers and traders looking to access real-time data on precious metals like Gold (XAU). With its extensive range of endpoints, the API offers functionalities that cater to various trading strategies and analytical needs. By leveraging this API, developers can create applications that provide users with timely and accurate information, enabling them to make informed decisions in the fast-paced world of precious metals trading.
For further exploration of the API's capabilities, consider visiting the Metals-API Documentation for detailed guidelines and implementation strategies. The ability to fetch real-time prices, analyze historical data, and understand market fluctuations positions the Metals-API as an essential resource for anyone involved in the precious metals market.