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Monitor daily fluctuations in Gold UAE 24 k (XAUUAE24) - Per Gram prices using this API

Monitor daily fluctuations in Gold UAE 24 k (XAUUAE24) - Per Gram prices using this API

Monitor daily fluctuations in Gold UAE 24 k (XAUUAE24) - Per Gram prices using this API

Monitor Daily Fluctuations in Gold UAE 24k (XAUUAE24) - Per Gram Prices Using This API

In the ever-evolving landscape of precious metals trading, the ability to monitor daily fluctuations in Gold prices, specifically in the UAE market for 24k gold (XAUUAE24), is crucial for investors and traders alike. The Metals-API provides a robust solution for accessing real-time and historical data on gold prices, enabling developers to create innovative applications that can track and analyze market trends effectively.

About Gold (XAU)

Gold has long been regarded as a safe-haven asset, particularly in times of economic uncertainty. Its value is influenced by various factors, including geopolitical events, currency fluctuations, and market demand. In recent years, the digital transformation in the precious metals market has opened new avenues for data analytics and market insights. By leveraging technology integration in trading, investors can gain a competitive edge through innovation in price discovery and digital asset solutions.

The XAU symbol represents one troy ounce of gold, and its price is often quoted in USD. However, for those trading in the UAE, understanding the local pricing dynamics is essential. The Metals-API allows users to access real-time data on gold prices specific to the UAE market, providing insights that can inform trading strategies and investment decisions.

API Description

The Metals-API is a powerful tool that empowers developers to build next-generation applications by providing access to real-time metals data. This API is designed to facilitate the integration of precious metals pricing into various applications, enabling users to monitor fluctuations, analyze trends, and make informed decisions based on accurate data.

With the Metals-API, developers can access a wide range of features, including:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for gold and other metals, updated at intervals depending on the subscription plan. Users can retrieve the latest gold price in the UAE, allowing for timely trading decisions.
  • Historical Rates Endpoint: Access historical rates dating back to 2019, enabling users to analyze price trends over time. This feature is particularly useful for identifying patterns and making predictions based on past performance.
  • Bid and Ask Endpoint: Retrieve real-time bid and ask prices for gold, providing insights into market liquidity and helping traders make informed decisions about buying and selling.
  • Convert Endpoint: This feature allows users to convert amounts between different metals or to/from USD, facilitating transactions in various currencies.
  • Time-Series Endpoint: Query daily historical rates between two dates of choice, enabling users to analyze price movements over specific periods.
  • Fluctuation Endpoint: Track how gold prices fluctuate on a day-to-day basis, providing insights into market volatility and helping traders manage risk.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and consumers looking to understand the value of gold jewelry.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for gold over a specified period, helping traders identify potential entry and exit points.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access OHLC data for gold prices, which is crucial for technical analysis and understanding market trends.
  • Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, providing a comprehensive view of market trends.
  • API Key: Each user is assigned a unique API key, which is required for authentication and authorization when accessing the API.
  • API Response: The API delivers exchange rates relative to USD, ensuring consistency in data presentation.
  • Available Endpoints: The Metals-API offers a variety of endpoints, each providing different functionalities to cater to diverse user needs.
  • Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals supported by the API.
  • Gold Price India Endpoint: Retrieve the latest gold price in India, which can be useful for comparative analysis.
  • News Endpoint: Get the latest news articles related to various metals, keeping users informed about market developments.

Key Features and Endpoints

The Metals-API is designed with a focus on innovation and technological advancement, making it a transformative tool for developers. Below, we delve deeper into some of the key features and endpoints, providing detailed explanations and potential applications.

Latest Rates Endpoint

The Latest Rates Endpoint is a cornerstone feature of the Metals-API, allowing users to access real-time exchange rates 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. For example, a typical response might look like this:

{
    "success": true,
    "timestamp": 1750042897,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates the current price of gold (XAU) per troy ounce in USD, along with prices for other metals. Developers can integrate this data into trading platforms, mobile applications, or financial dashboards to provide users with up-to-date pricing information.

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for gold and other metals dating back to 2019. This feature is invaluable for traders looking to analyze price trends over time. A typical response might look like this:

{
    "success": true,
    "timestamp": 1749956497,
    "base": "USD",
    "date": "2025-06-15",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

By querying this endpoint, developers can create visualizations that show how gold prices have changed over time, helping users make informed decisions based on historical data.

Bid and Ask Endpoint

The Bid and Ask Endpoint provides real-time bid and ask prices for gold, which are essential for understanding market liquidity. A sample response might look like this:

{
    "success": true,
    "timestamp": 1750042897,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This data allows traders to assess the current market conditions and make decisions based on the spread between bid and ask prices. Integrating this information into trading platforms can enhance user experience and facilitate better trading strategies.

Convert Endpoint

The Convert Endpoint enables users to convert amounts between different metals or to/from USD. This feature is particularly useful for traders who operate in multiple currencies. A typical response might look like this:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1750042897,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

By using this endpoint, developers can create applications that allow users to easily convert their investments into different metals, enhancing the flexibility of trading strategies.

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 essential for traders looking to analyze price movements over specific periods. A sample response might look like this:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-09",
    "end_date": "2025-06-16",
    "base": "USD",
    "rates": {
        "2025-06-09": {
            "XAU": 0.000485
        },
        "2025-06-11": {
            "XAU": 0.000483
        },
        "2025-06-16": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for creating detailed reports and visualizations that highlight trends in gold prices over time.

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how gold prices fluctuate on a day-to-day basis. A typical response might look like this:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-09",
    "end_date": "2025-06-16",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

This data can be used to inform trading strategies by highlighting periods of volatility and helping traders manage risk effectively.

Carat Endpoint

The Carat Endpoint allows users to retrieve information about gold rates by carat. This feature is essential for jewelers and consumers looking to understand the value of gold jewelry. A sample response might look like this:

{
    "success": true,
    "timestamp": 1750042897,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": {
            "carat_24": 0.000482,
            "carat_22": 0.000440,
            "carat_18": 0.000370
        }
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for jewelers who need to price their products accurately based on the purity of gold.

Lowest/Highest Price Endpoint

The Lowest/Highest Price Endpoint allows users to query the API to get the lowest and highest price for gold over a specified period. This feature is crucial for traders looking to identify potential entry and exit points. A sample response might look like this:

{
    "success": true,
    "timestamp": 1750042897,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": {
            "lowest": 0.000481,
            "highest": 0.000487
        }
    },
    "unit": "per troy ounce"
}

By integrating this data into trading platforms, developers can help users make informed decisions based on market extremes.

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

The Open/High/Low/Close (OHLC) Price Endpoint provides users with open, high, low, and close prices for gold over a specified time period. This data is crucial for technical analysis and understanding market trends. A sample response might look like this:

{
    "success": true,
    "timestamp": 1750042897,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for traders who rely on technical indicators to make trading decisions.

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols, dating back to 2008. This endpoint allows users to analyze long-term trends in the metals market. A sample response might look like this:

{
    "success": true,
    "timestamp": 1750042897,
    "base": "USD",
    "date": "2025-06-16",
    "rates": {
        "XAU": {
            "historical": {
                "2019-01-01": 0.000480,
                "2020-01-01": 0.000490,
                "2021-01-01": 0.000500
            }
        }
    },
    "unit": "per troy ounce"
}

This data can be used to identify long-term trends and make strategic investment decisions based on historical performance.

Conclusion

The Metals-API is an invaluable resource for developers looking to integrate real-time and historical gold pricing data into their applications. By leveraging the various endpoints available, users can monitor daily fluctuations in gold prices, analyze trends, and make informed trading decisions. The API's capabilities, including the Latest Rates, Historical Rates, Bid and Ask, and Fluctuation endpoints, provide a comprehensive toolkit for understanding the dynamics of the gold market.

For more detailed information on how to implement these features, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. By utilizing the Metals-API, developers can create innovative applications that empower users to navigate the complexities of precious metals trading with confidence.

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