Retrieve NAGP-22k Historical Prices with Metals-API for Analysis

Retrieve NAGP-22k Historical Prices with Metals-API for Analysis

About Nagpur Gold 22k (NAGP-22k)

Metals-API Overview

Metals-API Website or explore the Metals-API Documentation for detailed guidance on implementation.

Key Features of Metals-API

• Latest Rates Endpoint: This 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 more frequently.
• Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past prices for NAGP-22k and other metals.
• Bid and Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: Easily convert amounts from one metal to another or to/from USD, facilitating seamless transactions and analysis.
• Time-Series Endpoint: Query daily historical rates between two dates of your choice, enabling comprehensive trend analysis over specified periods.
• Fluctuation Endpoint: Track how prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
• Carat Endpoint: Retrieve gold rates by carat, allowing for precise calculations based on jewelry specifications.
• Lowest/Highest Price Endpoint: Query the API to find the lowest and highest prices for a specified date range, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for a specific time period, which is essential for technical analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a broader context for market analysis.
• API Key: Your unique API key is required for authentication, ensuring secure access to the API's features.
• API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
• Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring you have access to the latest information.
• Gold Price India Endpoint: Retrieve the latest gold price in India using a dedicated endpoint, which is particularly useful for local investors.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context for price movements.

Understanding API Responses

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1742256543,
    "base": "USD",
    "date": "2025-03-18",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1742170143,
    "base": "USD",
    "date": "2025-03-17",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-11",
    "end_date": "2025-03-18",
    "base": "USD",
    "rates": {
        "2025-03-11": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-13": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-18": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1742256543,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-11",
    "end_date": "2025-03-18",
    "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"
}

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

{
    "success": true,
    "timestamp": 1742256543,
    "base": "USD",
    "date": "2025-03-18",
    "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"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1742256543,
    "base": "USD",
    "date": "2025-03-18",
    "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"
}

Common Use Cases and Integration Strategies

• Investment Analysis: Investors can utilize historical price data to assess trends and make informed decisions about buying or selling NAGP-22k.
• Market Research: Analysts can leverage the API to gather data for reports, presentations, and market forecasts, enhancing their research capabilities.
• Trading Algorithms: Developers can build automated trading systems that utilize real-time and historical data to execute trades based on predefined strategies.
• Portfolio Management: Financial advisors can integrate the API into portfolio management tools to provide clients with up-to-date information on metal prices.
• Educational Tools: Educators can create applications that teach students about market dynamics using real-time data, enhancing the learning experience.

Performance Optimization and Scaling

• Caching: Implement caching mechanisms to store frequently accessed data, reducing the number of API calls and improving response times.
• Rate Limiting: Be mindful of the API's rate limits to avoid throttling. Optimize your requests to stay within the allowed limits while still obtaining the necessary data.
• Batch Requests: If your application requires multiple data points, consider batching requests to minimize the number of API calls and enhance performance.
• Asynchronous Processing: Use asynchronous programming techniques to handle API requests without blocking the main application thread, improving user experience.

Security Considerations

• API Key Management: Keep your API key confidential and avoid hardcoding it in your application. Use environment variables or secure storage solutions.
• HTTPS Protocol: Always use HTTPS to encrypt data in transit, protecting sensitive information from interception.
• Input Validation: Validate all inputs to prevent injection attacks and ensure that only valid data is processed by the API.
• Error Handling: Implement robust error handling to gracefully manage API errors and provide meaningful feedback to users.

Conclusion

Metals-API Documentation for detailed guidance on implementation and best practices. Additionally, the Metals-API Supported Symbols page provides a comprehensive list of available symbols, ensuring you have access to the latest information.