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Get Accurate Malappuram Gold 24k (MALA-24k) Historical Prices with Metals-API

Get Accurate Malappuram Gold 24k (MALA-24k) Historical Prices with Metals-API

Get Accurate Malappuram Gold 24k (MALA-24k) Historical Prices with Metals-API

Get Accurate Malappuram Gold 24k (MALA-24k) Historical Prices with Metals-API

In the ever-evolving landscape of precious metals trading, having access to accurate and real-time data is paramount for investors and developers alike. One of the most sought-after metals is gold, represented by the symbol XAU. This blog post will delve into how to obtain historical prices for Malappuram Gold 24k (MALA-24k) using the Metals-API. We will explore the innovative features of the Metals-API, its capabilities, and how it empowers developers to create next-generation applications that leverage real-time metals data.

About Gold (XAU)

Gold has always been a symbol of wealth and stability, making it a popular choice for investors. 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 revolutionized how traders approach the gold market. With the advent of technology, trading platforms now offer innovative solutions for price discovery and digital asset management.

The Metals-API stands at the forefront of this transformation, providing developers with the tools needed to access real-time and historical gold prices. By utilizing advanced data analytics, users can gain insights into market trends, enabling informed decision-making. The API's capabilities extend beyond mere price retrieval; it allows for comprehensive analysis and integration into various applications.

Metals-API Overview

The Metals-API is a powerful tool designed for developers looking to integrate precious metals pricing into their applications. It provides a wide range of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data. The API is built with innovation in mind, offering features that allow for seamless integration and real-time data access.

One of the standout features of the Metals-API is its ability to provide historical rates dating back to 2019. This is particularly useful for developers who need to analyze trends over time or for businesses that require historical data for reporting purposes. The API's flexibility allows users to query data by appending specific dates, making it easy to retrieve the information needed.

Key Features of Metals-API

The Metals-API offers a variety of endpoints, each designed to fulfill specific requirements. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This ensures that users have access to the most current pricing information.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a date to the API call, developers can retrieve historical prices for analysis and reporting.
  • Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices, providing insights into market dynamics and helping traders make informed decisions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one currency to another seamlessly.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, facilitating in-depth analysis of price movements over time.
  • Fluctuation Endpoint: Users can track how currencies fluctuate on a day-to-day basis, providing insights into market volatility and trends.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is particularly useful for jewelers and consumers looking for specific quality metrics.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, aiding in market analysis and decision-making.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides users with the open, high, low, and close prices for a specific date, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is crucial for businesses dealing with industrial metals.
  • API Key: Each user is assigned a unique API key that must be included in API requests, ensuring secure access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, allowing users to stay informed about the latest offerings.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for local investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745211675,
    "base": "USD",
    "date": "2025-04-21",
    "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"
}

This response provides real-time exchange rates for various metals, including gold (XAU), silver (XAG), and platinum (XPT). The data is structured to allow easy access to the rates per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745125275,
    "base": "USD",
    "date": "2025-04-20",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example demonstrates how to retrieve historical rates for a specific date. Developers can use this data for trend analysis and reporting.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-14",
    "end_date": "2025-04-21",
    "base": "USD",
    "rates": {
        "2025-04-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-21": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows users to analyze price movements over a specific period, providing valuable insights into market trends.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745211675,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates how to convert a specified amount from one currency to another, showcasing the API's versatility in handling various currency conversions.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-14",
    "end_date": "2025-04-21",
    "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"
}

The fluctuation endpoint provides insights into how prices have changed over a specified period, which is crucial for understanding market volatility.

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

{
    "success": true,
    "timestamp": 1745211675,
    "base": "USD",
    "date": "2025-04-21",
    "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"
}

This endpoint is essential for traders who rely on technical analysis, as it provides the open, high, low, and close prices for a specific date.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745211675,
    "base": "USD",
    "date": "2025-04-21",
    "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 response provides current bid and ask prices, which are crucial for traders looking to execute orders at the best possible prices.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may have several questions regarding its functionality and implementation:

How do I authenticate my API requests?

Authentication is done using an API key, which must be included in the request URL as a parameter. This ensures that only authorized users can access the data.

What are the rate limits for API requests?

Rate limits vary based on the subscription plan. It is essential to review the plan details to understand the number of requests allowed within a specific timeframe.

How do I handle errors in API responses?

API responses include error codes and messages that indicate the nature of the issue. Developers should implement error handling to manage these scenarios gracefully.

Can I cache API responses for performance optimization?

Yes, caching API responses can significantly improve performance, especially for frequently accessed data. However, it is crucial to ensure that the cached data is updated regularly to reflect real-time changes.

Conclusion

The Metals-API is an invaluable resource for developers seeking to access accurate and real-time data for precious metals, particularly gold (XAU). With its extensive range of features, including historical rates, bid and ask prices, and conversion capabilities, the API empowers users to create innovative applications that leverage market insights.

By understanding the various endpoints and their functionalities, developers can effectively integrate the Metals-API into their projects, enhancing their applications with real-time data and analytics. Whether you are a trader, a financial analyst, or a developer, the Metals-API provides the tools necessary to navigate the complex 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 for a comprehensive list of available metals. Start leveraging the power of real-time metals data today!

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