Indian Gold Price API vs Historical Gold Rates API: What to Choose?

Indian Gold Price API and the Historical Gold Rates API. Both APIs serve distinct purposes and offer unique features that cater to various needs in the financial and trading sectors. This detailed comparison will help you understand which API is best suited for your specific requirements.

Overview of Both APIs

Indian Gold Price API provides real-time gold price quotes specifically for 24K gold in India. It is designed for easy integration into applications, allowing users to access up-to-date gold rates across various cities in India. This API is particularly useful for financial analysis, trading, or backtesting, as it offers reliable and accurate gold pricing data.

Historical Gold Rates API offers comprehensive data on global gold prices, including both real-time and historical information. This API is ideal for financial analysis, investment tracking, and historical research. It supports multiple metals, including silver, copper, and platinum, making it a versatile tool for traders and investors.

Feature Comparison

Indian Gold Price API Features

Indian Gold Price API has several key features that make it a valuable resource for users:

Current Price

[{"24K_today":"9401.97"}]

Data Sources

Response Organization

Regional Coverage

Historical Gold Rates API Features

Historical Gold Rates API offers a range of features that cater to users looking for comprehensive gold price data:

Supported Symbols

{"AAAU":{"id":"AAAU","name":"Goldman Sachs Physical Gold ETF"},"ADA":{"id":"ADA","name":"Cardano"},"AED":{"id":"AED","name":"United Arab Emirates Dirham"},"AFN":{"id":"AFN","name":"Afghan Afghani"},"AHME-22k":{"id":"AHME-22k","name":"Ahmedabad Gold 22k","unit":"per ounce"},"AHME-24k":{"id":"AHME-24k","name":"Ahmedabad Gold 24k","unit":"per ounce"}}

Latest Rates

{"success":true,"timestamp":1712158440,"date":"2024-04-03","base":"USD","rates":{"USD":1,"XAU":0.00043735,"USDXAU":2286.4982279638734}}

Historical Rates

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

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}}}

Fluctuation

{"success":true,"fluctuation":true,"start_date":"2023-08-15","end_date":"2023-08-20","base":"USD","rates":{"USD":{"start_rate":1,"end_rate":1,"change":0,"change_pct":0},"XAU":{"start_rate":0.00052408100571521,"end_rate":0.00052917290247958,"change":5.091896764369938e-6,"change_pct":0.9715858252525407}}}

Open High Low Close (OHLC) Price

{"success":true,"timestamp":1712151568,"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"}

Performance and Scalability Analysis

Indian Gold Price API focuses on providing localized data for Indian markets, while the Historical Gold Rates API offers a broader range of data, including historical trends and multiple metals.

Pros and Cons of Each API