Get Platinum Bid (XPT-BID) prices using this API

Get Platinum Bid (XPT-BID) Prices Using This API

In today's rapidly evolving digital landscape, the demand for real-time data has never been greater, especially in the realm of precious metals. The Metals-API provides developers with the tools necessary to access live and historical pricing data for various metals, including Platinum (XPT). This blog post will delve into the intricacies of the Metals-API, focusing on how to retrieve Platinum prices, explore its markets, and understand the transformative potential of this API.

Metals-API Information

The Metals-API is a powerful tool designed for developers looking to integrate real-time metals data into their applications. By leveraging this API, developers can create innovative solutions that cater to various industries, including finance, e-commerce, and manufacturing. The API offers a range of endpoints that provide access to the latest rates, historical data, and conversion capabilities, making it an essential resource for anyone working with precious metals.

About Platinum (XPT)

Platinum is a precious metal known for its rarity and unique properties, making it a valuable asset in various applications. Its significance extends beyond traditional uses in jewelry and investment; Platinum plays a crucial role in green technology applications, sustainable innovation, and clean energy solutions. As industries shift towards more sustainable practices, the demand for Platinum is expected to rise, particularly in catalytic converters for vehicles and in hydrogen fuel cells.

Moreover, the integration of smart technology and digital transformation in industries has opened new avenues for Platinum utilization. For instance, its use in electronics and medical devices showcases its versatility and importance in modern technology. As developers and businesses seek to harness the potential of Platinum, having access to accurate and timely pricing data becomes paramount.

API Description

The Metals-API is designed to empower developers by providing real-time and historical data on various metals, including Platinum. This API enables the creation of next-generation applications that require accurate pricing information. With its robust infrastructure, the Metals-API supports a variety of endpoints, each tailored to meet specific data needs.

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

Key Features and Endpoints

The Metals-API offers a plethora of features that cater to the diverse needs of developers. Below are some of the key endpoints and their functionalities:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Platinum and other metals. Depending on your subscription plan, the API updates this data every 60 minutes or every 10 minutes, ensuring that you have the most current information at your fingertips.
  • Historical Rates Endpoint: Access historical rates for Platinum dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and market research.
  • Bid and Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for Platinum. Understanding these prices is crucial for traders and investors looking to make informed decisions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling you 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 endpoint is perfect for analyzing price movements over specific periods.
  • Fluctuation Endpoint: Retrieve information about how Platinum prices fluctuate on a day-to-day basis. This data can help you understand market volatility and make strategic decisions.
  • Carat Endpoint: Access information about Gold rates by Carat, which can be useful for jewelers and investors in the gold market.
  • Lowest/Highest Price Endpoint: This endpoint allows you to query the API to get the lowest and highest price of Platinum over a specified period, aiding in investment decisions.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for Platinum, which is essential for traders looking to analyze market trends.
  • Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008. This is particularly useful for those involved in trading on the London Metal Exchange.
  • API Key: Your unique API key is required for authentication and must be included in your requests to access the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in your data.
  • Available Endpoints: The Metals-API offers a comprehensive list of endpoints, each designed to provide specific functionalities.
  • Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing you to easily identify the metals you can query.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which is beneficial for local investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping you make informed decisions based on current events.

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

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1744866014,
    "base": "USD",
    "date": "2025-04-17",
    "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": 1744779614,
    "base": "USD",
    "date": "2025-04-16",
    "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": "2025-04-10",
    "end_date": "2025-04-17",
    "base": "USD",
    "rates": {
        "2025-04-10": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-12": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-17": {
            "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": 1744866014,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "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
        },
        "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) Price Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1744866014,
    "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
        },
        "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": 1744866014,
    "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
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Conclusion

The Metals-API is an invaluable resource for developers looking to integrate real-time and historical data for Platinum and other metals into their applications. With its extensive range of endpoints, the API provides the necessary tools to access accurate pricing information, enabling businesses to make informed decisions in a rapidly changing market.

By understanding the capabilities of the Metals-API, developers can harness the power of real-time data to create innovative solutions that cater to the evolving needs of industries reliant on precious metals. Whether you are tracking Platinum prices for investment purposes or integrating metals data into a larger application, the Metals-API offers the flexibility and functionality required to succeed.

For further exploration, refer to the Metals-API Documentation for detailed guidance on implementation, and check out the Metals-API Supported Symbols page for a comprehensive list of available metal symbols. Embrace the future of metals data with the Metals-API and unlock new possibilities for your applications.

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