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How do I return token amount in USD using web3js ..or is there some kindof API to be used ?

For instance , say user has 3ETH and also want the user balance to show in USD just as metamask does

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Ethereum doesn't do that.

You need a price source which could be on-chain or off-chain. Off-chain would be an exchange or other service, e.g CoinMarketCap and that would be an API. On-chain could be a price Oracle or liquidity pool, e.g. ChainLink or Uniswap. There are many in both cases.

Hope it helps.

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