How to retrieve Raipur Gold 22k (RAIP-22k) prices with a REST API
Introduction
In the ever-evolving landscape of precious metals trading, the ability to retrieve real-time data is crucial for investors and developers alike. This blog post will delve into how to retrieve Raipur Gold 22k (RAIP-22k) prices using the Metals-API. We will explore the various features of this powerful API, its capabilities, and how it can transform the way we interact with gold and other precious metals in the digital age.
Metals-API Information
About Gold (XAU)
Gold, represented by the symbol XAU, is one of the most sought-after precious metals in the world. Its value is influenced by various factors, including market demand, geopolitical stability, and economic indicators. In recent years, the digital transformation in precious metals has led to innovative solutions that enhance trading efficiency and data analytics.
The integration of technology in trading has revolutionized price discovery, allowing investors to make informed decisions based on real-time data. The Metals-API plays a pivotal role in this transformation by providing developers with the tools necessary to build next-generation applications that leverage real-time metals data.
API Description
The Metals-API is a comprehensive solution for accessing real-time and historical data on precious metals. It empowers developers to create applications that can track prices, analyze trends, and convert currencies seamlessly. With its robust architecture, the API supports a wide range of functionalities that cater to various use cases in the metals market.
One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, which is updated frequently based on the subscription plan. This ensures that users have access to the most accurate and timely information available, which is essential for making informed trading decisions.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that provide different functionalities, each designed to meet the needs of developers and traders. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint allows users to retrieve real-time exchange rate data for various metals, including gold, silver, platinum, and palladium. Depending on your 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 updated on market fluctuations.
{
"success": true,
"timestamp": 1747011704,
"base": "USD",
"date": "2025-05-12",
"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 provides access to historical exchange rates dating back to 2019. Users can query the API for specific dates, allowing for detailed analysis of price movements and market behavior.
{
"success": true,
"timestamp": 1746925304,
"base": "USD",
"date": "2025-05-11",
"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 information is crucial for traders looking to execute orders at the best possible prices.
{
"success": true,
"timestamp": 1747011704,
"base": "USD",
"date": "2025-05-12",
"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": 1747011704,
"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 conducting in-depth analyses of price trends over specific periods.
{
"success": true,
"timeseries": true,
"start_date": "2025-05-05",
"end_date": "2025-05-12",
"base": "USD",
"rates": {
"2025-05-05": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-05-12": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides insights into how currencies fluctuate on a day-to-day basis. This feature is essential for traders looking to understand market volatility and make informed decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-05-05",
"end_date": "2025-05-12",
"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 a specific time period. This data is crucial for technical analysis and helps traders identify potential entry and exit points.
{
"success": true,
"timestamp": 1747011704,
"base": "USD",
"date": "2025-05-12",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for a specific date. This feature is particularly useful for traders looking to identify market extremes.
{
"success": true,
"timestamp": 1747011704,
"base": "USD",
"date": "2025-05-12",
"rates": {
"XAU": {
"lowest": 0.000481,
"highest": 0.000487
}
},
"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 invaluable for users interested in analyzing long-term trends in the metals market.
{
"success": true,
"timestamp": 1747011704,
"base": "USD",
"date": "2025-05-12",
"rates": {
"XAU": 0.000482
},
"unit": "per troy ounce"
}API Key and Response
Your API Key is the unique key that is passed into the API base URL's access_key parameter. This key is essential for authentication and authorization when making requests to the Metals-API.
Exchange rates delivered by the Metals-API are by default relative to USD. All data is returned in a structured JSON format, making it easy to parse and integrate into applications.
Available Endpoints
The Metals-API comes with a comprehensive list of endpoints, each providing different functionalities. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.
News Endpoint
The News Endpoint allows users to retrieve the latest news articles related to various metals. This feature is particularly useful for traders looking to stay informed about market developments and trends.
Conclusion
In conclusion, the Metals-API is a powerful tool for anyone involved in the precious metals market. Its extensive range of features, including real-time pricing, historical data, and conversion capabilities, make it an invaluable resource for traders and developers alike. By leveraging the capabilities of this API, users can gain deeper insights into market trends, optimize their trading strategies, and ultimately enhance their investment outcomes.
For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.