Get Accurate iShares Gold Trust Micro (IAUM) Price Data in Various Currencies with this API

In today's fast-paced financial landscape, having access to accurate and real-time data is crucial for making informed investment decisions. The Metals-API provides developers with the tools necessary to access precise price data for precious metals, including the iShares Gold Trust Micro (IAUM), in various currencies. This blog post will explore how Metals-API empowers developers to build innovative applications that leverage real-time metals data, focusing on the transformative potential of this API in the realm of digital asset solutions.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of financial markets and a safe haven for investors. As the world undergoes a digital transformation, the integration of technology into precious metals trading is becoming increasingly important. The ability to analyze data and gain market insights is essential for traders and investors alike. With the rise of data analytics, developers can harness the power of real-time data to create applications that provide valuable insights into market trends and price movements.

Moreover, the innovation in price discovery mechanisms has led to more efficient trading environments. By utilizing the Metals-API Documentation, developers can access a wealth of information that can be integrated into their applications, allowing for enhanced decision-making processes. The API's capabilities extend beyond mere price retrieval; it offers a comprehensive suite of tools for developers to create next-generation applications that cater to the evolving needs of the financial market.

API Description

The Metals-API is designed to provide developers with real-time and historical data on precious metals, including gold, silver, platinum, and palladium. This API is a powerful resource for anyone looking to build applications that require accurate and timely metals data. The API's capabilities include:

Real-time Price Data: Access to the latest rates for various metals, updated frequently based on the subscription plan.
Historical Data: Retrieve historical rates dating back to 2019, allowing for in-depth analysis of price trends over time.
Bid and Ask Prices: Get real-time bid and ask prices to facilitate trading decisions.
Currency Conversion: Convert amounts between different currencies seamlessly.
Time-Series Data: Analyze price movements over specific time periods to identify trends.
Fluctuation Tracking: Monitor how prices fluctuate over time, providing insights into market volatility.
Carat Pricing: Access gold rates based on carat values, useful for jewelers and gold traders.
Open/High/Low/Close (OHLC) Data: Retrieve detailed price data for specific time frames.
News Updates: Stay informed with the latest news articles related to precious metals.

By leveraging these features, developers can create applications that not only provide price data but also offer analytical tools for better decision-making. The API's flexibility allows for integration into various platforms, from trading applications to financial analysis tools.

Key Features and Endpoints

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

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for all available metals. Depending on your subscription plan, this data can be 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": 1759197640,
    "base": "USD",
    "date": "2025-09-30",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing market trends. The Historical Rates endpoint allows users to query rates for any date since 1999. This feature is particularly useful for back-testing trading strategies and understanding long-term price movements.

{
    "success": true,
    "timestamp": 1759111240,
    "base": "USD",
    "date": "2025-09-29",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "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 vital for traders looking to execute orders at the best possible prices.

{
    "success": true,
    "timestamp": 1759197640,
    "base": "USD",
    "date": "2025-09-30",
    "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 in multiple currencies and need to quickly assess the value of their holdings.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1759197640,
        "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 essential for analyzing trends over specific periods and making informed trading decisions.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-09-23",
    "end_date": "2025-09-30",
    "base": "USD",
    "rates": {
        "2025-09-23": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-09-30": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

Using the Fluctuation endpoint, users can retrieve information about how currencies fluctuate on a day-to-day basis. This feature is particularly useful for understanding market volatility and making strategic trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-09-23",
    "end_date": "2025-09-30",
    "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 crucial for traders looking to analyze price movements and make informed decisions based on historical performance.

{
    "success": true,
    "timestamp": 1759197640,
    "base": "USD",
    "date": "2025-09-30",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Carat Endpoint

The Carat endpoint allows users to retrieve information about gold rates by carat. This feature is particularly useful for jewelers and those in the gold trading business.

{
    "success": true,
    "timestamp": 1759197640,
    "base": "USD",
    "date": "2025-09-30",
    "rates": {
        "XAU": {
            "carat_24": 0.000482,
            "carat_22": 0.000441,
            "carat_18": 0.000366
        }
    },
    "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 those involved in trading metals on the London Metal Exchange.

Common Use Cases and Applications

The versatility of the Metals-API allows for a wide range of applications across various industries. Here are some common use cases:

Trading Platforms: Integrate real-time price data into trading platforms to provide users with the latest market information.
Financial Analysis Tools: Build analytical tools that leverage historical data to identify trends and make predictions.
Investment Apps: Create applications that help users track their investments in precious metals and analyze performance over time.
Market Research: Utilize the API to gather data for market research and analysis, helping businesses make informed decisions.

Conclusion

The Metals-API is a powerful tool for developers looking to access accurate and real-time price data for precious metals, including gold, silver, platinum, and palladium. With its extensive features and capabilities, the API empowers developers to create innovative applications that cater to the evolving needs of the financial market. By leveraging the API's endpoints, developers can build applications that provide valuable insights, enhance trading strategies, and facilitate better decision-making.

For more information on how to get started with the Metals-API, check out the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. Start building your next-generation applications today with the transformative potential of real-time metals data!

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Get Accurate iShares Gold Trust Micro (IAUM) Price Data in Various Currencies with this API