Get Mysore Gold 24k (MYSO-24k) Historical Prices for the Last 5 Years 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 traders interested in historical prices of gold, the Mysore Gold 24k (MYSO-24k) symbol is particularly significant. This blog post will explore how to retrieve historical prices for Mysore Gold using the Metals-API, a powerful tool that provides real-time and historical data for various metals, including gold (XAU). We will delve into the capabilities of the Metals-API, its innovative features, and how it can transform the way developers interact with precious metals data.
Metals-API Information
About Gold (XAU)
Gold has long been a symbol of wealth and stability, serving as a safe haven for investors during times of economic uncertainty. The digital transformation in the precious metals market has led to the integration of advanced technologies that allow for real-time data analytics and market insights. With the advent of APIs like Metals-API, traders can now access a wealth of information that was previously difficult to obtain.
Data analytics plays a pivotal role in understanding market trends and making predictions about future price movements. By leveraging the capabilities of the Metals-API, developers can create applications that provide users with insights into gold prices, historical trends, and market fluctuations. This integration of technology into trading not only enhances the user experience but also fosters innovation in price discovery.
Moreover, as digital asset solutions continue to evolve, the demand for accurate and timely data becomes even more critical. The Metals-API empowers developers to build next-generation applications that can analyze and visualize gold price data, enabling users to make informed decisions based on comprehensive market analysis.
API Description
The Metals-API is designed to provide developers with a robust platform for accessing metals data. It offers a wide range of endpoints that cater to various needs, from retrieving the latest rates to accessing historical data. The API's capabilities are built on a foundation of innovation and technological advancement, allowing users to harness the power of real-time metals data.
One of the standout features of the Metals-API is its ability to deliver data in a structured and easily digestible format. This allows developers to integrate the API seamlessly into their applications, providing users with a smooth experience when accessing precious metals data. The API supports a variety of symbols, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD), making it a versatile tool for traders and developers alike.
Key Features and Endpoints
The Metals-API offers a plethora of features that cater to the diverse needs of developers and traders. Below are some of the key endpoints and their functionalities:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for various metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. This endpoint is essential for traders who need to stay updated on the latest market prices.
{
"success": true,
"timestamp": 1746576455,
"base": "USD",
"date": "2025-05-07",
"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 trends over time, the Historical Rates Endpoint allows users to access historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve historical price data for gold and other metals.
{
"success": true,
"timestamp": 1746490055,
"base": "USD",
"date": "2025-05-06",
"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 is particularly useful for traders looking to make quick decisions based on current market conditions.
{
"success": true,
"timestamp": 1746576455,
"base": "USD",
"date": "2025-05-07",
"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": 1746576455,
"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 conducting in-depth analyses of price movements over specific periods.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-30",
"end_date": "2025-05-07",
"base": "USD",
"rates": {
"2025-04-30": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-05-02": {
"XAU": 0.000483,
"XAG": 0.0382
},
"2025-05-07": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This is essential for traders looking to understand market volatility and make informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-30",
"end_date": "2025-05-07",
"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 open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make trading decisions.
{
"success": true,
"timestamp": 1746576455,
"base": "USD",
"date": "2025-05-07",
"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 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, 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.
API Response and Data Structure
The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format. Understanding the structure of the API response is crucial for developers to effectively parse and utilize the data. Each response includes fields such as success, timestamp, base currency, date, rates, and unit, providing comprehensive information for each request.
Common Use Cases and Implementation Strategies
Developers can leverage the Metals-API to create a variety of applications and tools that enhance the trading experience. Some common use cases include:
- Real-time Trading Applications: By integrating the Latest Rates Endpoint, developers can create applications that provide users with real-time updates on metal prices, enabling them to make quick trading decisions.
- Historical Data Analysis: The Historical Rates and Time-Series Endpoints allow users to analyze price trends over time, helping traders identify patterns and make informed predictions about future price movements.
- Portfolio Management Tools: Developers can create tools that utilize the Convert Endpoint to help users manage their portfolios by converting values between different metals and currencies.
- Market Analysis Dashboards: By combining data from multiple endpoints, developers can build comprehensive dashboards that provide insights into market trends, fluctuations, and historical performance.
Performance Optimization and Security Considerations
When integrating the Metals-API into applications, developers should consider performance optimization strategies to ensure smooth operation. This includes implementing caching mechanisms to reduce the number of API calls and improve response times. Additionally, understanding rate limiting and quota management is crucial to avoid exceeding usage limits.
Security is also a paramount concern when working with APIs. Developers should ensure that their API keys are stored securely and not exposed in client-side code. Implementing proper error handling and recovery strategies will help maintain application stability in case of API failures.
Conclusion
The Mysore Gold 24k (MYSO-24k) symbol represents a significant opportunity for traders and developers interested in the precious metals market. By utilizing the Metals-API Documentation, developers can access a wealth of historical and real-time data that can enhance trading strategies and decision-making processes.
With features like the Latest Rates, Historical Rates, and Time-Series Endpoints, the Metals-API empowers users to analyze market trends and fluctuations effectively. As the digital landscape continues to evolve, the integration of advanced technologies into precious metals trading will only become more critical. By leveraging the capabilities of the Metals-API, developers can create innovative applications that provide users with the insights they need to succeed in the dynamic world of precious metals trading.
For a complete list of supported symbols, refer to the Metals-API Supported Symbols page. Embrace the future of precious metals trading with the Metals-API and unlock the potential of real-time data at your fingertips.