Get Invesco DB Precious Metals Fund (DBP) prices using this API

Get Invesco DB Precious Metals Fund (DBP) Prices Using This API

In the ever-evolving landscape of financial markets, the ability to access real-time data is crucial for making informed decisions. The Metals-API offers a powerful solution for developers looking to integrate precious metals pricing into their applications. This blog post will explore the capabilities of the Metals-API, focusing on how to retrieve prices for the Invesco DB Precious Metals Fund (DBP) and other metal symbols such as Gold (XAU), Silver (XAG), Platinum (XPT), and Palladium (XPD). We will delve into the technical aspects of the API, its endpoints, and how it can transform the way we interact with metal markets.

Metals-API Information

The Metals-API is a comprehensive JSON API that provides real-time and historical pricing data for various metals. It empowers developers to create applications that require accurate and timely information about metal prices, facilitating better decision-making in trading, investment, and market analysis. With its robust features, the Metals-API is designed to cater to the needs of technically proficient developers.

About Neodymium (ND)

While Neodymium (ND) is not a primary focus of the Metals-API, its significance in the metal markets cannot be overlooked. Neodymium is a rare earth metal that plays a crucial role in various technological advancements, particularly in the production of strong permanent magnets used in electric vehicles, wind turbines, and consumer electronics. The digital transformation in metal markets has been significantly influenced by the integration of smart technologies and data analytics, allowing for better tracking of supply and demand dynamics.

Technological innovation has led to the development of advanced mining techniques and recycling processes, enhancing the sustainability of metal production. As the demand for Neodymium and other rare earth metals continues to rise, the ability to access real-time data through APIs like Metals-API becomes increasingly important. Developers can leverage this data to create applications that monitor market trends, analyze price fluctuations, and predict future movements.

API Description

The Metals-API is designed to provide developers with a seamless experience when accessing metal pricing data. It offers a variety of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data. The API's capabilities include:

  • Real-time pricing: Get the latest exchange rates for metals updated frequently based on your subscription plan.
  • Historical data: Access historical rates dating back to 2019, allowing for comprehensive market analysis.
  • Bid and Ask prices: Retrieve real-time bid and ask prices for metals, essential for trading applications.
  • Currency conversion: Convert amounts between different metals and currencies effortlessly.
  • Time-series data: Analyze trends over specific periods with daily historical rates.
  • Fluctuation tracking: Monitor how prices fluctuate over time, providing insights into market volatility.
  • Carat pricing: Access gold rates based on carat measurements.
  • OHLC data: Get open, high, low, and close prices for metals over specified periods.
  • News updates: Stay informed with the latest news articles related to various metals.

For more detailed information, you can refer to the Metals-API Documentation.

Key Features and Endpoints

The Metals-API provides a variety of endpoints that allow developers to access different types of data. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint allows you to retrieve real-time exchange rate data for all available metals. Depending on your subscription plan, this data can be updated every 60 minutes, every 10 minutes, or even more frequently. This endpoint is essential for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1744848599,
    "base": "USD",
    "date": "2025-04-17",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing market trends. The Historical Rates Endpoint allows you to query for rates dating back to 2019. By appending a specific date to your request, you can retrieve historical data for any metal.

{
    "success": true,
    "timestamp": 1744762199,
    "base": "USD",
    "date": "2025-04-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Bid and Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables you to retrieve real-time bid and ask prices for metals. This information is crucial for traders who need to make quick decisions based on current market conditions.

{
    "success": true,
    "timestamp": 1744848599,
    "base": "USD",
    "date": "2025-04-17",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows you to convert any amount from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1744848599,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows you to query the API for daily historical rates between two dates of your choice. This feature is invaluable for developers looking to analyze trends over time.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-10",
    "end_date": "2025-04-17",
    "base": "USD",
    "rates": {
        "2025-04-10": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-04-12": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-04-17": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

Using the Fluctuation Endpoint, you can retrieve information about how prices fluctuate on a day-to-day basis. This feature is essential for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-10",
    "end_date": "2025-04-17",
    "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
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price Endpoint allows you to query the API for the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis.

{
    "success": true,
    "timestamp": 1744848599,
    "base": "USD",
    "date": "2025-04-17",
    "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
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for developers working with London Metal Exchange data.

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.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical pricing data for precious metals. With its extensive range of endpoints and features, it empowers developers to create innovative applications that can analyze market trends, track price fluctuations, and provide valuable insights into the metal markets. By leveraging the capabilities of the Metals-API, developers can enhance their applications and provide users with the information they need to make informed decisions.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the documentation to unlock the full potential of this powerful API.

Ready to use Metals-API?

Try it now!

Recent Posts