Get Chandigarh Gold 24k (CHAN-24k) Price Trends using this API

In the world of precious metals trading, staying updated with real-time data and historical price trends is crucial for making informed decisions. One of the most sought-after metals is gold, represented by the symbol XAU. For developers and traders looking to access comprehensive gold price data, the Metals-API offers a powerful solution. This blog post will explore how to get historical prices for gold (CHAN-24k) using the Metals-API, along with insights into the digital transformation of precious metals trading.

Understanding Gold (XAU)

Gold has long been regarded as a safe-haven asset, especially during times of economic uncertainty. Its value is influenced by various factors, including market demand, geopolitical events, and currency fluctuations. With the rise of digital transformation in the financial sector, the way traders and investors access and analyze gold prices has evolved significantly. The integration of data analytics and technology in trading has opened new avenues for price discovery and investment strategies.

As the market for gold continues to grow, the need for accurate and timely data becomes paramount. The Metals-API provides developers with the tools necessary to build applications that can track gold prices in real-time, analyze historical trends, and make data-driven decisions. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that enhance the trading experience.

Metals-API Overview

The Metals-API is a robust API that offers real-time and historical data for various metals, including gold, silver, platinum, and palladium. It empowers developers to access a wealth of information through a user-friendly interface, enabling the creation of next-generation applications. With features like real-time exchange rates, historical data retrieval, and currency conversion, the Metals-API is designed to meet the needs of technically proficient API developers.

Key Features of Metals-API

The Metals-API offers a variety of endpoints that provide different 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 gold and other metals. Depending on the subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay informed about the latest market movements.

{
    "success": true,
    "timestamp": 1746774085,
    "base": "USD",
    "date": "2025-05-09",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For those interested in analyzing past trends, the Historical Rates Endpoint provides access to historical exchange rates dating back to 2019. By appending a specific date to the API request, users can obtain the gold price for that date, allowing for in-depth analysis of price movements over time.

{
    "success": true,
    "timestamp": 1746687685,
    "base": "USD",
    "date": "2025-05-08",
    "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 gold and other metals. This information is crucial for traders looking to execute buy or sell orders at the best possible prices.

{
    "success": true,
    "timestamp": 1746774085,
    "base": "USD",
    "date": "2025-05-09",
    "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": 1746774085,
        "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 traders looking to analyze trends and patterns over specific time frames.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-02",
    "end_date": "2025-05-09",
    "base": "USD",
    "rates": {
        "2025-05-02": {
            "XAU": 0.000485
        },
        "2025-05-04": {
            "XAU": 0.000483
        },
        "2025-05-09": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how gold prices fluctuate on a day-to-day basis. By tracking rate changes between two dates, traders can gain insights into market volatility and make informed decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-02",
    "end_date": "2025-05-09",
    "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 Price Endpoint allows users to retrieve the open, high, low, and close prices for gold over a specified time period. This data is essential for technical analysis and helps traders identify potential entry and exit points.

{
    "success": true,
    "timestamp": 1746774085,
    "base": "USD",
    "date": "2025-05-09",
    "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 interested in the historical performance of metals traded on the London Metal Exchange.

Authentication and API Key

To access the Metals-API, users must obtain an API key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring secure access to the API's features.

Common Use Cases

Developers can leverage the Metals-API in various applications, including:

• Trading Platforms: Integrate real-time gold price data into trading platforms to provide users with up-to-date information.
• Investment Analysis Tools: Build tools that analyze historical price trends and provide insights for investors.
• Market Research Applications: Create applications that aggregate and analyze gold price data for market research purposes.

Performance Optimization and Security Considerations

When integrating the Metals-API into applications, developers should consider performance optimization strategies, such as caching frequently accessed data and implementing rate limiting to avoid exceeding API quotas. Additionally, ensuring secure handling of API keys and sensitive data is crucial for maintaining application integrity.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical gold price data. By utilizing its various endpoints, developers can create innovative applications that enhance the trading experience and provide valuable insights into market trends. As the digital transformation of precious metals trading continues, the Metals-API stands out as a key player in enabling data-driven decision-making. For more information, visit the Metals-API Documentation and explore the full range of features available.