Get Bismuth (BMTH) Historical Prices with Metals-API

In the rapidly evolving landscape of metal markets, the demand for accurate and real-time data has never been higher. For developers and businesses looking to harness the power of metals data, the Metals-API offers a robust solution. This blog post will explore how to obtain historical prices for Bismuth (BMTH) using the Metals-API, while also delving into the broader implications of digital transformation in the metal markets, technological advancements, and the future of data analytics.

About Bismuth (BMTH)

Bismuth, represented by the symbol BMTH, is a lesser-known but increasingly important metal in various industries, including pharmaceuticals, cosmetics, and electronics. As the world shifts towards more sustainable and innovative technologies, the demand for Bismuth is expected to rise. Understanding its historical price trends is crucial for stakeholders in these sectors.

The digital transformation in metal markets is reshaping how data is collected, analyzed, and utilized. With the integration of smart technologies and data analytics, businesses can gain insights that were previously unattainable. The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to build next-generation applications that leverage real-time metals data.

Metals-API Overview

The Metals-API is a powerful tool designed to provide developers with access to real-time and historical metals data. It empowers users to create applications that can track price fluctuations, convert currencies, and analyze trends over time. The API is built with innovation in mind, offering a range of endpoints that cater to various needs.

For more information, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers several key features that are essential for obtaining historical prices and understanding market dynamics:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. This feature is crucial for developers who need up-to-the-minute information to inform trading decisions.
Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve historical price data, which is essential for trend analysis and forecasting.
Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing strategies.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates. It is invaluable for analyzing trends over time and understanding market behavior.
Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and helping businesses make informed decisions.
Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is particularly useful for jewelers and precious metal traders.
Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, helping traders identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for a specific time period, which is essential for technical analysis and trading strategies.
Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing users to analyze long-term trends in the metals market.
API Key: Each user is assigned a unique API key, which is required for authentication when making requests to the API. This ensures secure access to the data.
API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format, making it easy for developers to integrate into their applications.
Available Endpoints: The API offers a comprehensive list of endpoints, each providing different functionalities. Developers can explore these options to find the best fit for their needs.
Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing users to easily identify which metals they can query.
Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for businesses operating in the Indian market.
News Endpoint: The Metals-API provides access to the latest news articles related to various metals, helping users stay informed about market developments.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of API responses is crucial for effective implementation. Here are some examples of typical responses from various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1742086977,
    "base": "USD",
    "date": "2025-03-16",
    "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"
}

This response indicates a successful request, providing the latest exchange rates for various metals against USD. The "rates" object contains the current price for each metal symbol, which developers can utilize in their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1742000577,
    "base": "USD",
    "date": "2025-03-15",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical exchange rates for a specific date, allowing developers to analyze past market behavior and make informed predictions.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-09",
    "end_date": "2025-03-16",
    "base": "USD",
    "rates": {
        "2025-03-09": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-11": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-16": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of exchange rates for the specified period, enabling developers to visualize trends and fluctuations over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1742086977,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates a successful currency conversion, showing the amount converted from USD to gold (XAU). The "result" field indicates the equivalent amount in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-09",
    "end_date": "2025-03-16",
    "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"
}

This response provides detailed information about price fluctuations over a specified period, including the percentage change, which is vital for traders and analysts.

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

{
    "success": true,
    "timestamp": 1742086977,
    "base": "USD",
    "date": "2025-03-16",
    "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 response provides open, high, low, and close prices for a specific date, which is essential for conducting technical analysis and making trading decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1742086977,
    "base": "USD",
    "date": "2025-03-16",
    "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"
}

This response provides the current bid and ask prices for metals, along with the spread, which is crucial for traders looking to optimize their buying and selling strategies.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into applications can unlock numerous possibilities for developers. Here are some practical use cases:

Trading Platforms: Developers can build trading platforms that utilize real-time and historical data to provide users with insights into market trends and price movements.
Financial Analysis Tools: Financial analysts can leverage the API to create tools that analyze historical price data, helping businesses make informed investment decisions.
Inventory Management Systems: Businesses dealing with metals can integrate the API to monitor price fluctuations, allowing for better inventory management and pricing strategies.
Market Research Applications: Researchers can use the API to gather data for studies on market trends, price volatility, and the impact of global events on metal prices.

Conclusion

The Metals-API is a transformative tool for developers looking to access real-time and historical metals data, including Bismuth (BMTH). By leveraging its various endpoints, users can gain valuable insights into market trends, price fluctuations, and historical data analysis. As the metal markets continue to evolve, the importance of accurate data and innovative technology will only grow. For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols to find the data you need.

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Get Bismuth (BMTH) Historical Prices with Metals-API