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Access real-time Platinum Bid (XPT-BID) prices using this API

Access real-time Platinum Bid (XPT-BID) prices using this API

Access real-time Platinum Bid (XPT-BID) prices using this API

Access Real-Time Platinum Bid (XPT-BID) Prices Using This API

In the ever-evolving landscape of financial technology, the ability to access real-time data is paramount for developers and businesses alike. This is particularly true in the metals market, where fluctuations can significantly impact investment strategies and operational decisions. The Metals-API provides a robust solution for accessing real-time Platinum Bid (XPT-BID) prices, along with a suite of other features that empower developers to create innovative applications. In this blog post, we will explore the capabilities of the Metals-API, delve into the specifics of Platinum as a precious metal, and discuss how this API can be leveraged for various applications.

About Platinum (XPT)

Platinum, represented by the symbol XPT, is a precious metal that has garnered significant attention due to its unique properties and applications. Unlike gold and silver, platinum is often utilized in industrial applications, particularly in green technology and clean energy solutions. Its catalytic properties make it essential in the production of catalytic converters for vehicles, which help reduce harmful emissions. As the world shifts towards sustainable innovation, the demand for platinum is expected to rise, making real-time pricing data crucial for investors and businesses.

Moreover, platinum plays a pivotal role in digital transformation and smart technology integration. From electronics to medical devices, its versatility is unmatched. As developers and businesses seek to harness the potential of platinum in various sectors, having access to accurate and timely pricing information becomes indispensable.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data for various metals, including platinum. This API is built with innovation in mind, allowing developers to create next-generation applications that can analyze and respond to market changes in real-time. With features that cater to both historical data analysis and real-time pricing, the Metals-API stands out as a transformative resource for anyone involved in the metals market.

One of the key advantages of the Metals-API is its ability to deliver data in a user-friendly JSON format, making it easy for developers to integrate into their applications. The API supports a wide range of endpoints, each designed to fulfill specific data needs, from the latest rates to historical trends and fluctuations.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data requirements. Here are some of the most notable features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for platinum and other metals. Depending on your subscription plan, you can receive updates every 60 minutes or even every 10 minutes. This feature is essential for traders who need to make quick decisions based on the latest market conditions.
  • Historical Rates Endpoint: Access historical rates for platinum dating back to 2019. This endpoint allows you to query the API for specific dates, enabling comprehensive analysis of price trends over time. For example, you can append a date to the endpoint to retrieve historical data for that specific day.
  • Bid and Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for platinum. Understanding the bid-ask spread is crucial for traders looking to optimize their buying and selling strategies.
  • Convert Endpoint: The Metals-API includes a currency conversion feature that enables you to convert amounts from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies or for investors looking to diversify their portfolios.
  • Time-Series Endpoint: This endpoint allows you to query the API for daily historical rates between two dates of your choice. By analyzing time-series data, developers can identify trends and make informed predictions about future price movements.
  • Fluctuation Endpoint: Track how platinum prices fluctuate on a day-to-day basis with this endpoint. It provides insights into market volatility, which can be invaluable for risk management and investment strategies.
  • Carat Endpoint: For those interested in gold rates, the carat endpoint provides information about gold prices based on carat weight. This feature is particularly relevant for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for platinum over a specified period. This information can help traders identify potential entry and exit points.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for platinum, allowing traders to analyze market performance over specific time frames.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for those involved in trading on the London Metal Exchange.
  • API Key: Your unique API key is required to access the Metals-API. This key is passed into the API base URL's access_key parameter, ensuring secure access to the data.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format. Understanding the response structure is crucial for effective data handling.
  • Available Endpoints: The Metals-API comes with numerous endpoints, each providing distinct functionalities. Familiarizing yourself with these endpoints will enhance your ability to leverage the API effectively.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available metal symbols, ensuring you have access to the latest data.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for investors in the Indian market.
  • News Endpoint: Stay informed with the latest news articles related to various metals, helping you make informed decisions based on current events.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate multiple metals into their applications.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for effective integration. Below are examples of various endpoint responses, showcasing the data you can expect when querying the Metals-API.

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745816415,
    "base": "USD",
    "date": "2025-04-28",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

The response indicates a successful query, providing the latest rates for various metals, including platinum (XPT). The data is structured to allow easy access to the rates, with the unit specified as "per troy ounce."

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745730015,
    "base": "USD",
    "date": "2025-04-27",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example illustrates how to access historical rates for platinum and other metals. The response includes the date of the rates, allowing for effective historical analysis.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-21",
    "end_date": "2025-04-28",
    "base": "USD",
    "rates": {
        "2025-04-21": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-23": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-28": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for platinum over a specified period, allowing developers to analyze trends and fluctuations effectively.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745816415,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates the conversion feature of the Metals-API, allowing users to convert amounts between different metals and currencies. The response includes the conversion rate and the result, making it easy to integrate into applications.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-21",
    "end_date": "2025-04-28",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

The fluctuation endpoint provides insights into how prices change over a specified period, which is essential for understanding market volatility.

OHLC (Open/High/Low/Close) Price Endpoint

{
    "success": true,
    "timestamp": 1745816415,
    "base": "USD",
    "date": "2025-04-28",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides a comprehensive view of the price movement for platinum, allowing traders to analyze market performance effectively.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745816415,
    "base": "USD",
    "date": "2025-04-28",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

The bid/ask endpoint provides crucial information for traders, allowing them to make informed decisions based on current market conditions.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers looking to access real-time Platinum Bid (XPT-BID) prices and other metal data. With its comprehensive suite of features, including the latest rates, historical data, and various conversion options, the API empowers users to build innovative applications that can adapt to the dynamic metals market. As the demand for platinum continues to grow, having access to accurate and timely data will be essential for making informed investment decisions.

For more information on how to implement the Metals-API in your applications, refer to the Metals-API Documentation. To explore the full range of supported symbols, visit the Metals-API Supported Symbols page. Start leveraging the power of real-time metals data today by visiting the Metals-API Website.

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