Retrieve Coimbatore Gold (XAU-COIM) prices using this API

Retrieve Coimbatore Gold (XAU-COIM) Prices Using This API

In today's rapidly evolving financial landscape, the demand for real-time data on precious metals like gold has surged. The ability to retrieve accurate and timely information about gold prices, particularly in specific markets such as Coimbatore, is crucial for traders, investors, and developers alike. This blog post delves into the intricacies of the Metals-API, focusing on how it can be utilized to obtain the latest gold prices (XAU) and other valuable insights into the precious metals market.

Metals-API Information

About Gold (XAU)

Gold, represented by the symbol XAU, is not just a commodity; it is a digital asset that has transformed the way we perceive value. The digital transformation in precious metals trading has been profound, with technology integration enabling traders to access real-time data and analytics. The rise of data analytics has provided market insights that were previously unattainable, allowing for more informed decision-making.

Moreover, innovation in price discovery has led to the development of digital asset solutions that cater to the needs of modern investors. The integration of technology in trading platforms has made it easier for users to track gold prices, analyze trends, and execute trades with precision. As a result, the market for gold has become more accessible, enabling a broader audience to participate in trading activities.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time metals data, including gold prices. This API empowers users to build next-generation applications that require accurate and timely information about precious metals. With its innovative capabilities, the Metals-API opens up a world of possibilities for developers looking to create applications that can analyze and visualize metal prices effectively.

For more information, you can visit the Metals-API Website or check the Metals-API Documentation for detailed guidance on how to implement this API in your projects.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different 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 your plan, you can receive updates every 60 minutes or even every 10 minutes. This feature is essential for traders who need to stay informed about the latest market movements.

{
        "success": true,
        "timestamp": 1747386014,
        "base": "USD",
        "date": "2025-05-16",
        "rates": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912,
            "XPD": 0.000744
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

Access to historical rates is crucial for analyzing market trends. The Historical Rates Endpoint allows you to query rates dating back to 2019 by appending a specific date to your request. This feature is particularly useful for back-testing trading strategies or conducting market research.

{
        "success": true,
        "timestamp": 1747299614,
        "base": "USD",
        "date": "2025-05-15",
        "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 you to retrieve real-time bid and ask prices for metals. This information is crucial for traders looking to make informed decisions based on the current market conditions.

{
        "success": true,
        "timestamp": 1747386014,
        "base": "USD",
        "date": "2025-05-16",
        "rates": {
            "XAU": {
                "bid": 0.000481,
                "ask": 0.000483,
                "spread": 2.0e-6
            }
        },
        "unit": "per troy ounce"
    }

Convert Endpoint

The Convert Endpoint allows you to convert any amount from one metal to another or to/from USD. This feature is particularly useful for users who need to perform quick calculations based on current market rates.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XAU",
            "amount": 1000
        },
        "info": {
            "timestamp": 1747386014,
            "rate": 0.000482
        },
        "result": 0.482,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series Endpoint allows you to query the API for daily historical rates between two dates of your choice. This feature is invaluable for analyzing trends over time and making data-driven decisions.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-05-09",
        "end_date": "2025-05-16",
        "base": "USD",
        "rates": {
            "2025-05-09": {
                "XAU": 0.000485
            },
            "2025-05-16": {
                "XAU": 0.000482
            }
        },
        "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 trading decisions.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-05-09",
        "end_date": "2025-05-16",
        "base": "USD",
        "rates": {
            "XAU": {
                "start_rate": 0.000485,
                "end_rate": 0.000482,
                "change": -3.0e-6,
                "change_pct": -0.62
            }
        },
        "unit": "per troy ounce"
    }

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

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

{
        "success": true,
        "timestamp": 1747386014,
        "base": "USD",
        "date": "2025-05-16",
        "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 users interested in the London Metal Exchange rates.

API Key and Response

Your API Key is essential for accessing the Metals-API. It must be passed into the API base URL's access_key parameter. The API delivers exchange rates relative to USD by default, ensuring that you receive consistent and reliable data.

Available Endpoints and Supported Symbols

The Metals-API offers a comprehensive range 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.

Conclusion

The Metals-API is an invaluable resource for developers and traders looking to access real-time data on precious metals such as gold. With its extensive range of features, including the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion tools, the API empowers users to make informed decisions based on accurate data. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance the trading experience and provide valuable insights into the precious metals market.

For more information on how to implement the Metals-API in your projects, visit the Metals-API Documentation. This resource provides detailed guidance on each endpoint, including parameter descriptions, example responses, and best practices for integration.