Historical Gold Rates API vs Live Precious Metals Rates API: What to Choose?

Historical Gold Rates API and the Live Precious Metals Rates API. Both APIs provide valuable insights into the world of metals trading, but they cater to different needs and use cases. In this blog post, we will delve into a detailed comparison of these two APIs, exploring their features, performance, and ideal use cases to help you make an informed decision.

Overview of Both APIs

Historical Gold Rates API is designed to provide comprehensive data on global gold prices, including historical rates dating back to 2019. This API is particularly useful for financial analysis, investment tracking, and historical research. It supports various programming languages, making it accessible for developers of all skill levels. The API's intuitive interface allows for seamless integration into websites, mobile apps, or server applications.

Live Precious Metals Rates API focuses on delivering real-time rates for precious metals such as gold, silver, and platinum. This API is ideal for traders and investors who require immediate access to market data to make quick decisions. Like the Historical Gold Rates API, it also supports multiple programming languages and offers a user-friendly interface for easy integration.

Feature Comparison

Supported Symbols

{"AAAU":{"id":"AAAU","name":"Goldman Sachs Physical Gold ETF"},"XAU":{"id":"XAU","name":"Gold"},"XAG":{"id":"XAG","name":"Silver"}}

{"XAU":{"id":"XAU","name":"Gold"},"XAG":{"id":"XAG","name":"Silver"},"XPT":{"id":"XPT","name":"Platinum"}}

Latest Rates

{"success":true,"timestamp":1712158440,"date":"2024-04-03","base":"USD","rates":{"USD":1,"XAU":0.00043735}}

{"success":true,"timestamp":1716920340,"date":"2024-05-28","base":"USD","rates":{"USD":1,"XAU":0.000424453,"XAG":0.031305534553059}}

Historical Rates

{"success":true,"historical":true,"date":"2023-08-15","base":"INR","rates":{"XAU":158226.42879879454}}

{"success":true,"historical":true,"date":"2023-08-15","base":"USD","rates":{"XAU":0.00052589221639544,"XAG":0.044312865884032}}

Time-Series

{"success":true,"timeseries":true,"start_date":"2023-08-15","end_date":"2023-08-20","base":"USD","rates":{"2023-08-15":{"USD":1,"XAU":0.00052408100571521},"2023-08-16":{"USD":1,"XAU":0.00052589579105272}}}

{"success":true,"timeseries":true,"start_date":"2023-08-15","end_date":"2023-08-20","base":"USD","rates":{"2023-08-15":{"USD":1,"XAU":0.00052408100571521},"2023-08-16":{"USD":1,"XAU":0.00052589579105272}}}

Fluctuation

{"success":true,"fluctuation":true,"start_date":"2023-08-15","end_date":"2023-08-20","base":"USD","rates":{"XAU":{"start_rate":0.00052408100571521,"end_rate":0.00052917290247958,"change":5.091896764369938e-6,"change_pct":0.9715858252525407}}}

{"success":true,"fluctuation":true,"start_date":"2023-08-23","end_date":"2023-08-28","base":"USD","rates":{"XAU":{"start_rate":0.00052677557894163,"end_rate":0.00052059343785908,"change":6.182141082550024e-6,"change_pct":1.1735815648422538}}}

Open High Low Close (OHLC) Price

{"success":true,"timestamp":1711551568,"date":"2022-06-01","base":"USD","symbol":"XAU","rates":{"open":0.00054486942127156,"high":0.000550528,"low":0.000540054,"close":0.0005410541}}

{"success":true,"timestamp":1696004627,"date":"2022-06-01","base":"USD","symbol":"XAU","rates":{"open":0.00054486942127156,"high":0.000550528,"low":0.000540054,"close":0.0005410541}}

Carat

{"success":true,"timestamp":1711551576,"base":"USD","rates":{"24K":70.04,"23K":67.11,"22K":64.23,"21K":61.29,"18K":52.54,"14K":40.84,"12K":35.02,"10K":29.21,"9K":26.27,"8K":23.33},"unit":"per Gram"}

{"success":true,"timestamp":1696004532,"base":"USD","rates":{"24K":60.04,"22K":55.05,"21K":52.59,"18K":45.08,"14K":35.16,"12K":30.05,"10K":25.06,"9K":22.54,"8K":20.01},"unit":"per Carat"}

Performance and Scalability Analysis

Pros and Cons of Each API