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Get Indian Rupee (INR) Historical Prices for statistical models using this API

Get Indian Rupee (INR) Historical Prices for statistical models using this API

Get Indian Rupee (INR) Historical Prices for statistical models using this API

Get Indian Rupee (INR) Historical Prices for Statistical Models Using This API

In today's fast-paced financial landscape, the ability to access historical prices for currencies like the Indian Rupee (INR) is crucial for developers and analysts working on statistical models. The Metals-API provides a robust platform for retrieving real-time and historical data for various metals and currencies, including INR. This blog post will explore the capabilities of the Metals-API, focusing on how to effectively obtain historical prices and leverage this data for analytical purposes.

Metals-API Information

The Metals-API is a powerful tool designed for developers who require accurate and timely data on metal prices and currency conversions. With a focus on technological innovation and data analytics, this API empowers users to build next-generation applications that can analyze market trends, perform currency conversions, and retrieve historical data efficiently.

About Molybdenum (MO)

Molybdenum (MO) is a critical metal used in various industrial applications, from steel production to electronics. The digital transformation in metal markets has led to an increased demand for real-time data and analytics. The Metals-API plays a pivotal role in this transformation by providing developers with the tools needed to integrate smart technology into their applications.

Technological advancements in data analytics have enabled businesses to gain insights into market trends and fluctuations. By utilizing the Metals-API, developers can access a wealth of information that can be used to forecast future trends and make informed decisions. The integration of smart technology into metal markets is not just a trend; it is a necessity for staying competitive in a rapidly evolving landscape.

API Description

The Metals-API offers a wide range of capabilities that allow developers to access real-time and historical data for various metals and currencies. This API is designed with innovation in mind, enabling users to harness the transformative potential of real-time metals data. By providing comprehensive documentation, the Metals-API ensures that developers can easily implement its features into their applications.

For detailed information on how to use the API, visit the Metals-API Documentation. Here, you will find everything you need to get started, including endpoint descriptions, parameter details, and example responses.

Key Features and Endpoints

The Metals-API boasts several key features that enhance its usability and functionality. Below are some of the most notable endpoints and their potential applications:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data updated at intervals depending on your subscription plan. Whether you need updates every 60 minutes or every 10 minutes, this feature ensures you have the latest information at your fingertips.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve historical data that is essential for statistical analysis and modeling.
  • Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices, providing insights into market dynamics and helping you make informed trading decisions.
  • Convert Endpoint: Easily convert any amount from one currency to another, including metals to USD. This endpoint simplifies the process of currency conversion, making it easier for developers to integrate into their applications.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is particularly useful for analyzing trends over specific periods.
  • Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis. This endpoint is invaluable for understanding market volatility and making predictions.
  • Carat Endpoint: Get information about gold rates by carat, allowing for precise calculations in jewelry and investment applications.
  • Lowest/Highest Price Endpoint: Query the API to find the lowest and highest prices for a specified date, which is essential for understanding market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specified date, giving a comprehensive view of market performance.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is crucial for industries reliant on historical data.
  • API Key: Your unique API key is required for accessing the API, ensuring secure and authorized use of the service.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The API features 14 endpoints, each providing distinct functionalities to cater to various user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring you have access to the latest symbols.
  • News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.

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 metal data into their applications.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
"success": true,
"timestamp": 1771805738,
"base": "USD",
"date": "2026-02-23",
"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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
"success": true,
"timestamp": 1771719338,
"base": "USD",
"date": "2026-02-22",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
"success": true,
"timeseries": true,
"start_date": "2026-02-16",
"end_date": "2026-02-23",
"base": "USD",
"rates": {
"2026-02-16": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-02-18": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-02-23": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1771805738,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
"success": true,
"fluctuation": true,
"start_date": "2026-02-16",
"end_date": "2026-02-23",
"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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
"success": true,
"timestamp": 1771805738,
"base": "USD",
"date": "2026-02-23",
"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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
"success": true,
"timestamp": 1771805738,
"base": "USD",
"date": "2026-02-23",
"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"
}

Conclusion

The Metals-API is an invaluable resource for developers seeking to access historical prices for the Indian Rupee (INR) and other metals. With its comprehensive range of endpoints, including the latest rates, historical rates, and conversion capabilities, the API provides the tools necessary for effective data analysis and application development. By leveraging the power of real-time metals data, developers can create innovative solutions that meet the demands of today's financial markets.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the various features available. Don't forget to check the Metals-API Supported Symbols page to familiarize yourself with the different metal symbols you can access.

In summary, the Metals-API not only simplifies the process of retrieving historical prices but also empowers developers to build sophisticated applications that can analyze and interpret market data effectively. Embrace the future of financial data with the Metals-API and unlock the potential of your statistical models.

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