Get LBMA Palladium Pm (LBXPDPM) historical prices using this API

Get LBMA Palladium Pm (LBXPDPM) Historical Prices Using This API

In the world of precious metals, Palladium (XPD) has emerged as a vital component, especially in automotive technology and environmental solutions. As industries evolve, the demand for real-time data on metals like Palladium becomes increasingly critical. This is where the Metals-API comes into play, providing developers with the tools necessary to access historical prices, current rates, and much more. In this blog post, we will delve into the intricacies of Palladium, its markets, and how the Metals-API can be utilized to retrieve valuable data.

Metals-API Information

About Palladium (XPD)

Palladium is a rare precious metal that plays a crucial role in various industries, particularly in automotive technology where it is used in catalytic converters to reduce harmful emissions. As the automotive industry shifts towards greener technologies, the demand for Palladium has surged, making it a focal point for investors and developers alike. Furthermore, Palladium's applications extend to electronics, dentistry, and jewelry, showcasing its versatility.

In addition to its industrial uses, Palladium is increasingly recognized for its role in environmental solutions. As global regulations tighten around emissions, the need for efficient catalytic converters has driven innovation in automotive technology. This innovation is not just limited to the automotive sector; it also extends to digital supply chains and smart manufacturing processes that leverage Palladium's unique properties.

With the integration of technology in manufacturing and supply chains, Palladium's market dynamics are influenced by real-time data. Developers can harness the power of the Metals-API to create applications that monitor price fluctuations, analyze historical trends, and provide insights into market movements. This capability is essential for making informed decisions in a rapidly changing economic landscape.

API Description

The Metals-API is a robust platform designed to provide real-time and historical data on various metals, including Palladium. This API empowers developers to build next-generation applications that require accurate and timely metals data. With its extensive capabilities, the Metals-API allows users to access a wealth of information, including the latest rates, historical prices, and conversion functionalities.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated at intervals depending on the user's subscription plan. This means that developers can integrate live data into their applications, ensuring that users have access to the most current information available. The API also supports historical rates dating back to 2019, allowing for comprehensive analysis and reporting.

Key Features and Endpoints

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

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for Palladium and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is particularly useful for applications that require up-to-the-minute pricing information.

{
        "success": true,
        "timestamp": 1743822019,
        "base": "USD",
        "date": "2025-04-05",
        "rates": {
            "XPD": 0.000744
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

For developers looking to analyze trends over time, the Historical Rates Endpoint allows access to historical rates for Palladium dating back to 2019. By appending a specific date to the API request, users can retrieve past pricing data, which is invaluable for market analysis and forecasting.

{
        "success": true,
        "timestamp": 1743735619,
        "base": "USD",
        "date": "2025-04-04",
        "rates": {
            "XPD": 0.000748
        },
        "unit": "per troy ounce"
    }

Bid And Ask Endpoint

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

{
        "success": true,
        "timestamp": 1743822019,
        "base": "USD",
        "date": "2025-04-05",
        "rates": {
            "XPD": {
                "bid": 0.000911,
                "ask": 0.000913,
                "spread": 2.0e-6
            }
        },
        "unit": "per troy ounce"
    }

Convert Endpoint

The Convert Endpoint allows users 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 or reporting purposes.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XPD",
            "amount": 1000
        },
        "info": {
            "timestamp": 1743822019,
            "rate": 0.000744
        },
        "result": 0.744,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series Endpoint allows developers to query the API for daily historical rates between two dates of their choice. This feature is essential for analyzing price trends over specific periods, enabling users to make data-driven decisions.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-03-29",
        "end_date": "2025-04-05",
        "base": "USD",
        "rates": {
            "2025-03-29": {
                "XPD": 0.000748
            },
            "2025-04-05": {
                "XPD": 0.000744
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how Palladium prices fluctuate on a day-to-day basis. By tracking rate changes between two dates, users can gain a better understanding of market volatility.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-03-29",
        "end_date": "2025-04-05",
        "base": "USD",
        "rates": {
            "XPD": {
                "start_rate": 0.000748,
                "end_rate": 0.000744,
                "change": -0.000004,
                "change_pct": -0.53
            }
        },
        "unit": "per troy ounce"
    }

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

The OHLC Price Endpoint allows users to retrieve open, high, low, and close prices for Palladium over a specified time period. This data is crucial for traders who rely on technical analysis to inform their trading strategies.

{
        "success": true,
        "timestamp": 1743822019,
        "base": "USD",
        "date": "2025-04-05",
        "rates": {
            "XPD": {
                "open": 0.000748,
                "high": 0.000750,
                "low": 0.000740,
                "close": 0.000744
            }
        },
        "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 users interested in long-term trends and historical analysis.

{
        "success": true,
        "timestamp": 1743735619,
        "base": "USD",
        "date": "2025-04-04",
        "rates": {
            "XPD": 0.000748
        },
        "unit": "per troy ounce"
    }

API Key and Response

To access the Metals-API, users must obtain an API Key, which is passed into the API base URL's access_key parameter. This key is essential for authentication and authorization, ensuring that only authorized users can access the data.

All exchange rates delivered by the Metals-API are by default relative to USD. The API returns data in a structured JSON format, making it easy for developers to parse and utilize the information in their applications.

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.

Conclusion

In conclusion, the Metals-API offers a powerful suite of tools for developers looking to access real-time and historical data on Palladium and other metals. With features like the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion functionalities, this API empowers users to build innovative applications that can analyze market trends, track price fluctuations, and provide valuable insights into the precious metals market.

As industries continue to evolve and the demand for metals like Palladium increases, having access to accurate and timely data will be crucial for making informed decisions. By leveraging the capabilities of the Metals-API, developers can create solutions that not only meet current market needs but also anticipate future trends.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive Metals-API Documentation to understand how to implement these features in your applications.