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Get Jaipur Gold 24k (JAIP-24k) Historical Prices for Data Analysis using this API

Get Jaipur Gold 24k (JAIP-24k) Historical Prices for Data Analysis using this API

Get Jaipur Gold 24k (JAIP-24k) Historical Prices for Data Analysis using this API

Introduction

In the world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For developers and analysts looking to dive into the historical prices of gold, the Metals-API offers a robust solution. This blog post will explore how to get historical prices for Jaipur Gold 24k (JAIP-24k) using the Metals-API, focusing on its capabilities, features, and practical applications in data analysis.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a symbol of wealth and stability. In recent years, the digital transformation in precious metals has revolutionized how traders and investors access and analyze gold prices. With the integration of data analytics and technology, market insights have become more accessible than ever. The Metals-API plays a significant role in this transformation, providing real-time data that empowers developers to build next-generation applications.

As the demand for digital asset solutions grows, the importance of accurate price discovery becomes paramount. The Metals-API not only provides historical data but also enables users to track fluctuations, analyze trends, and make data-driven decisions. By leveraging this API, developers can create applications that offer innovative solutions for traders and investors alike.

Metals-API Overview

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data for various metals, including gold, silver, platinum, and palladium. With its extensive range of features, the API allows users to retrieve the latest rates, historical prices, and even perform currency conversions. The API is designed with innovation in mind, enabling seamless integration into applications that require up-to-date metals data.

For more information on how to get started, visit the Metals-API Website and check out the Metals-API Documentation for detailed guidance on implementation.

Key Features of Metals-API

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

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or even every 10 minutes. This feature is essential for traders who need the most current prices to make quick decisions.

{
    "success": true,
    "timestamp": 1747281617,
    "base": "USD",
    "date": "2025-05-15",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for most currencies dating back to 2019. This is particularly useful for analysts looking to study price trends over time. By appending a specific date to the API request, users can retrieve historical data for analysis.

{
    "success": true,
    "timestamp": 1747195217,
    "base": "USD",
    "date": "2025-05-14",
    "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 is crucial for traders who need to understand market dynamics and make informed trading decisions.

{
    "success": true,
    "timestamp": 1747281617,
    "base": "USD",
    "date": "2025-05-15",
    "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"
}

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 with multiple currencies and need to quickly assess the value of their holdings.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747281617,
        "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 based on historical performance.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-08",
    "end_date": "2025-05-15",
    "base": "USD",
    "rates": {
        "2025-05-08": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-10": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-15": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "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 decisions based on price changes.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-08",
    "end_date": "2025-05-15",
    "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"
}

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

The OHLC Price Endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is invaluable for traders who rely on technical analysis to make trading decisions.

{
    "success": true,
    "timestamp": 1747281617,
    "base": "USD",
    "date": "2025-05-15",
    "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"
}

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 users interested in analyzing historical data for metals traded on the London Metal Exchange.

API Key and Authentication

To access the Metals-API, users must obtain an API key. This unique key is passed into the API base URL's access_key parameter. Proper authentication is essential for ensuring secure access to the API's features and data.

Understanding API Responses

The Metals-API delivers exchange rates relative to USD by default. All data is returned in JSON format, making it easy for developers to parse and utilize in their applications. Understanding the structure of the API response is crucial for effective data handling.

Example Response Fields

Each API response includes several fields:

  • success: Indicates whether the API request was successful.
  • timestamp: The time at which the data was retrieved.
  • base: The base currency for the exchange rates.
  • date: The date for which the rates are applicable.
  • rates: An object containing the exchange rates for various metals.
  • unit: The unit of measurement for the rates (e.g., per troy ounce).

Common Use Cases

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

  • Building trading platforms that require real-time and historical metals data.
  • Creating analytical tools for investors to assess market trends and make informed decisions.
  • Integrating metals pricing into e-commerce platforms for jewelry and precious metals sales.

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, security best practices should be followed, including securing API keys and validating input data to prevent injection attacks.

Conclusion

The Metals-API provides a comprehensive solution for accessing historical prices and real-time data for precious metals, including Jaipur Gold 24k (JAIP-24k). By leveraging its various endpoints, developers can create powerful applications that enhance trading strategies and provide valuable market insights. For more information on how to utilize the API effectively, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Embrace the power of data analytics and technology integration in trading to stay ahead in the dynamic world of precious metals.

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