FAQs

IBJA Rates API is a web service that allows you to access the latest Gold & Silver price rate via your application and use it to display, analyze, or compare the gold and silver rates and market trends across time periods. The API is easy to use and supports JSON formats. To get started, you need to register for an API key and follow the documentation on how to make requests and handle responses.
You can use IBJA Gold and Silver Rate API to connect to different software components used at your end like Core Banking Software (CBS) or Gold Loan Software etc etc. and allow them to communicate with the end user or consumers through your front-end interface.

Any party using the IBJA Gold Price for valuation and pricing activities and in transactions and financial products are advised to subscribe IBJA rates thru API (Application Protocol Interface)

A benchmark rate is a rate that serves as a reference for other rates. Benchmark rates are important because they provide a standard and transparent way to price. The Gold and Silver rates are published by the India Bullion and Jewellers Association Ltd. IBJA is 105 year old association of Bullion dealers and Jewellers.

The Gold and Silver rates are sourced from a wide range of data sources including jewelers- big and small, gold refineries, gold importers, bullion dealers and various other market sources nationally on a daily basis. IBJA’s proprietary algorithm reconciles these data points to provide accurate rates to the market using our simple to use API.

a. The circular is published on the main home page of www.indiagoldratesapi.com.

The Gold and Silver rates released by IBJA does not include GST, other taxes and making charges.

We provide the following API Services:

• Gold: 999 Purity equivalent to 24 Carats Pure Gold
• Gold :995 Purity equivalent to 24 Carats Standard Gold
• Gold :916 Purity equivalent to 22 carats
• Gold :750 purity equivalent to 18 carats
• Gold :585 purity equivalent to 14 carats
• Silver :999 purity

The Rates are released every day at 12:00 noon and 5:00 pm (Opening and closing rates). The rates are not published on Sat / Sunday and other public/bank holidays and if you fetch rates using our API then you will get previous closing rates.

IBJA Rates API releases One India, One Rate for Gold of various purity and 999 purity Silver rate. IBJA DOES NOT release State-wise or city-wise rates.

• No Human dependencies nor manual entries of gold & silver rates which may lead to human errors
• The cost of API is much lesser compared to human resources which can be utilized for other productive organizational functions.
• IBJA API can also help you to embed content to your site or application more efficiently.
• Also you can customize the data as per the user's need which they use the most by creating your own internal dashboard.
• Reports can be generated using your software and historical data can be saved for analytics once the API is integrated.
• Weekly / Fortnightly rates can be derived without manual interventions and this function can be fully automated using your software.
• Query can be generated for a specific date range or date.
• Average rates of Gold & Silver (weekly/fortnightly/monthly) also can be pushed on real time to all the branches using your CBS software.

• IBJA has used POSTMAN as API development tool
• IBJA API follows REST structures as standard to communication and data exchanges between web services.
• JSON API is used to as Collaborator

• IBJA rates API can communicate and push data to your softwares.
• IBJA rates API can also help you to embed content to your site or application more efficiently.
• IBJA rates API can be used to publish data automatically.

It is very easy to integrate as it uses the global standard of API Restful structure.

Once you apply for the subscription here our team will connect with you and then share with you the API test kit

Along with the API kit you will get the integration document which outlines the integration process which is simple to integrate in any software.

Once you have the API document you can use the credential to test API functioning here

Yes, you are allowed to store the daily rates in you database and this you can use for your internal consumption and to create reports, queries etc. Note: you can reseller this database offline/online nor publish these rates on your website directly/indirectly without written permission of IBJA.

No, if you need past historical data then you need to write to nagaraj.iyer@ibja.in

Historical data is shared in .xls format only.

If the start date sent in the request is a holiday no data will be sent by IBJA the API will send no record found as a response

If in the request a different start and end date is queried, API does not support this query. When you start using the API you will start saving the data in your local database. So you need to fire this query internally in your system to fetch these date ranges. Incase you need past historic data (upto last 20 years) we can provide on request, write to nagaraj.iyer@ibja.in

Your connection to our API is encrypted using bank-grade 256-bit SSL Encryption.

Yes, IBJA IT team will provide the necessary online support during the integration.

Yes, in case of any technical issues or data fetching issues while using API IBJA IT team will provide support.

Yes, the API calls can be made to the native apps or by calling the web services.

Data can be classified based on gold purity examples (999, 995, 916 etc)

No, It is a paid subscription. To know more about the pricing write to nagaraj.iyer@ibja.in or visit API Subscription Application page

Yes, on written confirmation on accepting to subscribe to IBJA API

The subscription is for a minimum period of 1 year

Yes, you can terminate the subscription at any time during the peroid. However subscription fees paid once is non refundable.

Yes, you can retain the IBJA rates database for your internal consumption only.

The IBJA API subscribers cannot share or redistribute or resell the subscribed data in any form or in any medium directly or indirectly or publish the rates or publish historic data without the prior written consent from IBJA even after the subsciption period end. Incase found IBJA will initiate legal action.

No, One API Subsciption license can be used only by one company in the group and cannot be shared. If you have multiple companies in your group and wish to subscribe for multiple license then you can apply for group license at a special price, please write to nagaraj.iyer@ibja.in

Grievances, if any, will be entertained to the IBJA API Subscribers