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Fetch Indium (INDIUM) Historical Prices using this API

Fetch Indium (INDIUM) Historical Prices using this API

Fetch Indium (INDIUM) Historical Prices using this API

Fetch Indium (INDIUM) Historical Prices using this API

In the rapidly evolving landscape of metal markets, the demand for accurate and timely data has never been greater. One metal that has garnered attention in recent years is Indium (INDIUM). This blog post will delve into the intricacies of fetching historical prices for Indium using the Metals-API. We will explore the digital transformation in metal markets, the technological innovations driving this change, and how data analytics can provide valuable insights for developers and businesses alike.

About Indium (INDIUM)

Indium is a post-transition metal that is primarily used in electronics, particularly in the production of LCD screens and solders. As industries increasingly rely on advanced technologies, the demand for Indium is expected to rise. This surge is driven by the digital transformation of metal markets, where real-time data and analytics play a crucial role in decision-making processes.

Technological advancements have enabled the integration of smart technologies in metal trading, allowing for more efficient operations and better market predictions. The use of data analytics provides insights that can help businesses optimize their supply chains and manage risks associated with price fluctuations. As we look to the future, the possibilities for Indium and other metals are vast, with trends indicating a shift towards more sustainable and efficient production methods.

API Description

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical metal prices. This API empowers users to build next-generation applications that can leverage the transformative potential of real-time metals data. With its comprehensive set of features, the Metals-API allows developers to integrate metal pricing data into their applications seamlessly.

One of the standout capabilities of the Metals-API is its ability to provide historical price data for various metals, including Indium. This feature is particularly valuable for analysts and traders who need to track price trends over time. By utilizing the API, developers can create applications that offer insights into market behavior, helping users make informed decisions.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay updated on market movements.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve the price of Indium on that date, allowing for detailed analysis of price trends.
  • Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time Bid and Ask prices, which are crucial for making trading decisions. Understanding the spread between these prices can help traders optimize their entry and exit points.
  • Convert Endpoint: The conversion endpoint allows users to convert any amount from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is invaluable for analyzing trends over specific periods.
  • Fluctuation Endpoint: Retrieve information about how prices fluctuate on a day-to-day basis. This can help traders understand volatility and make more informed decisions.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get the open, high, low, and close prices for a specific time period. This data is essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
  • API Key: Your unique API Key is required to access the API, ensuring secure and authorized usage.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring you have the latest information.
  • News Endpoint: Retrieve the latest news articles related to various metals, helping you stay informed about market developments.

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 specific metal data into their applications.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1748239313,
    "base": "USD",
    "date": "2025-05-26",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1748152913,
    "base": "USD",
    "date": "2025-05-25",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-19",
    "end_date": "2025-05-26",
    "base": "USD",
    "rates": {
        "2025-05-19": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-21": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-26": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748239313,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-19",
    "end_date": "2025-05-26",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1748239313,
    "base": "USD",
    "date": "2025-05-26",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1748239313,
    "base": "USD",
    "date": "2025-05-26",
    "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"
}

Conclusion

In conclusion, the Metals-API offers a robust solution for developers looking to access historical prices for Indium and other metals. By leveraging the various endpoints, developers can create applications that provide valuable insights into market trends and price fluctuations. The integration of real-time data analytics into metal trading is paving the way for smarter decision-making and enhanced operational efficiency.

As the demand for metals like Indium continues to grow, the importance of having access to accurate and timely data cannot be overstated. By utilizing the capabilities of the Metals-API, developers can stay ahead of the curve and contribute to the ongoing digital transformation in the metal markets.

For more information on how to implement these features, refer to the Metals-API Documentation. Explore the full range of supported symbols on the Metals-API Supported Symbols page to ensure you have the latest data at your fingertips.

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