Get Iridium (IRD) prices using this API for market analysis in 2025

Get Iridium (IRD) Prices Using This API for Market Analysis in 2025

In the rapidly evolving landscape of digital transformation, the demand for real-time data in metal markets has never been more critical. As we look towards 2025, understanding the price dynamics of metals like Iridium (IRD) becomes essential for market analysts and developers alike. This blog post will explore the capabilities of the Metals-API, a powerful tool that provides access to real-time and historical data on various metals, including Iridium. We will delve into how this API works, its key features, and how it can empower developers to create innovative applications for market analysis.

About Iridium (IRD)

Iridium is a rare metal known for its high density and corrosion resistance, making it invaluable in various industrial applications, including electronics, automotive, and aerospace industries. As digital transformation continues to reshape the metal markets, the integration of smart technologies and data analytics is becoming increasingly important. The ability to access real-time data on Iridium prices allows businesses to make informed decisions, optimize their supply chains, and enhance their market strategies.

Technological innovation is driving advancements in data analytics, enabling companies to gain insights into market trends and price fluctuations. With the rise of smart technology integration, businesses can leverage data to predict future trends and make strategic decisions. The Metals-API plays a pivotal role in this transformation by providing developers with the tools needed to access and analyze metal prices, including Iridium.

API Description

The Metals-API is a comprehensive solution for accessing real-time and historical metal prices. It empowers developers to build next-generation applications that can analyze market trends, track price fluctuations, and convert currencies seamlessly. With its user-friendly interface and robust documentation, the Metals-API is designed to cater to the needs of technically proficient API developers.

For more information on how to get started, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a wide range of features that enhance its functionality and usability. Here are some of the key endpoints and their applications:

• 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 looking to integrate live pricing into their applications.
• Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This allows analysts to study past trends and make predictions based on historical data.
• Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing strategies.
• Convert Endpoint: This endpoint allows users to convert any amount from one metal to another or to/from USD, facilitating seamless transactions and calculations.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, enabling detailed analysis of price movements over time.
• Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
• Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and investors in the gold market.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date, helping analysts identify market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Get open, high, low, and close prices for a specific time period, which is vital for technical analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for comprehensive analysis of market trends.
• API Key: Your unique API key is essential for accessing the API and must be included in your requests.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API provides multiple endpoints, each with distinct functionalities, catering to various analytical needs.
• Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals, ensuring you have the latest information.
• Gold Price India Endpoint: Retrieve the latest gold price in India using a dedicated endpoint, which is particularly useful for regional investors.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements.

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.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Below are examples of various endpoints and their responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1751079764,
    "base": "USD",
    "date": "2025-06-28",
    "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 includes a success flag, a timestamp, the base currency, the date of the rates, and a list of rates for various metals. This information is essential for developers to display current prices in their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1750993364,
    "base": "USD",
    "date": "2025-06-27",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This endpoint allows users to access historical rates for any date since 1999, enabling detailed analysis of price trends over time.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-21",
    "end_date": "2025-06-28",
    "base": "USD",
    "rates": {
        "2025-06-21": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-23": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-28": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily rates for a specified time period, allowing developers to visualize trends and fluctuations in metal prices.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1751079764,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The Convert Endpoint allows users to convert amounts between different metals and currencies, providing flexibility in financial calculations.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-21",
    "end_date": "2025-06-28",
    "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"
}

This endpoint provides insights into how prices fluctuate over a specified period, which is crucial for understanding market volatility.

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

{
    "success": true,
    "timestamp": 1751079764,
    "base": "USD",
    "date": "2025-06-28",
    "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"
}

The OHLC endpoint is vital for traders and analysts who rely on historical price data to make informed decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1751079764,
    "base": "USD",
    "date": "2025-06-28",
    "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"
}

This endpoint provides current bid and ask prices, which are essential for traders looking to execute transactions at optimal prices.

Conclusion

The Metals-API is a powerful tool for developers and analysts looking to gain insights into the metal markets, particularly for metals like Iridium (IRD). With its extensive range of endpoints and capabilities, the API empowers users to access real-time and historical data, analyze market trends, and make informed decisions. By leveraging the API's features, developers can create innovative applications that enhance market analysis and facilitate smarter trading strategies.

As we move towards 2025, the importance of real-time data and advanced analytics in the metal markets will only continue to grow. The Metals-API stands at the forefront of this transformation, providing the necessary tools for developers to harness the power of data in their applications. For further exploration, visit the Metals-API Documentation and start building your next application today.