Understand Lucknow Gold 24k (LUCK-24k) Historical Prices using this API

Understanding Lucknow Gold 24k (LUCK-24k) Historical Prices using Metals-API

Metals-API, a powerful tool that provides real-time and historical data on various metals, including gold. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for Lucknow Gold 24k (LUCK-24k) and explore the broader implications of digital transformation in the precious metals market.

About Gold (XAU)

Metals-API Overview

Metals-API Documentation provides comprehensive information about the API's capabilities, including various endpoints that serve different purposes. The API is designed to deliver real-time metals data, enabling developers to build next-generation applications that can analyze and interpret market trends efficiently. Here are some key features and endpoints that are particularly relevant for retrieving historical prices of gold:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for gold and other metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan.
• Historical Rates Endpoint: Users can access historical rates for gold dating back to 2019 by appending a specific date to the API request. This is particularly useful for analyzing price trends over time.
• Time-Series Endpoint: This feature allows users to query daily historical rates between two dates, providing a comprehensive view of price movements over a specified period.
• Fluctuation Endpoint: Users can track how gold prices fluctuate on a day-to-day basis, offering insights into market volatility.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed information about the opening, highest, lowest, and closing prices of gold for a specific date, which is essential for technical analysis.
• Convert Endpoint: This feature allows users to convert amounts from one metal to another or to/from USD, facilitating easier transactions and comparisons.

Retrieving Historical Prices

GET https://metals-api.com/api/historical?access_key=YOUR_API_KEY&date=YYYY-MM-DD&base=XAU

{
    "success": true,
    "timestamp": 1753200023,
    "base": "USD",
    "date": "2025-07-22",
    "rates": {
        "XAU": 0.000485
    },
    "unit": "per troy ounce"
}

Time-Series Analysis

GET https://metals-api.com/api/timeseries?access_key=YOUR_API_KEY&start_date=YYYY-MM-DD&end_date=YYYY-MM-DD&base=XAU

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-07-16",
    "end_date": "2025-07-23",
    "base": "USD",
    "rates": {
        "2025-07-16": {
            "XAU": 0.000485
        },
        "2025-07-17": {
            "XAU": 0.000483
        },
        "2025-07-18": {
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Understanding API Responses

• success: Indicates whether the API request was successful.
• timestamp: The time at which the data was retrieved.
• base: The base currency for the exchange rates.
• date: The date for which the rates are applicable.
• rates: An object containing the exchange rates for various metals, including gold.
• unit: The unit of measurement for the rates (e.g., per troy ounce).

Common Use Cases

• Investment Analysis: Investors can analyze historical price trends to make informed decisions about buying or selling gold.
• Market Research: Researchers can study price fluctuations to understand market dynamics and consumer behavior.
• Trading Applications: Developers can build trading platforms that utilize real-time data to execute trades based on current market conditions.

Performance Optimization and Security Considerations

Conclusion

Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. The Metals-API Website is also a valuable resource for understanding the full capabilities of this powerful tool.