Get Rhodium (XRH) prices using this API

Get Rhodium (XRH) Prices Using This API

In the rapidly evolving world of metal markets, the demand for real-time data and analytics has never been greater. As a developer, having access to accurate and timely information is crucial for building applications that cater to the needs of traders, investors, and analysts. One such powerful tool is the Metals-API, which provides comprehensive data on various metals, including Rhodium (XRH). This blog post will delve into the intricacies of Rhodium, its markets, and how the Metals-API works to deliver valuable insights.

About Rhodium (XRH)

Rhodium is a rare and precious metal that has gained significant attention in recent years due to its unique properties and applications. As a member of the platinum group of metals, Rhodium is primarily used in catalytic converters for automobiles, which help reduce harmful emissions. Its scarcity and high demand have led to fluctuating prices, making it an attractive option for investors and traders alike.

The digital transformation in metal markets has paved the way for technological innovations that enhance trading strategies and market analysis. With the integration of smart technology and data analytics, stakeholders can now access real-time data and insights that were previously unavailable. The Metals-API plays a pivotal role in this transformation, providing developers with the tools needed to build next-generation applications that leverage real-time metals data.

API Description

The Metals-API is a robust platform that offers a wide range of functionalities for accessing metal prices and historical data. It empowers developers to create applications that can analyze market trends, track price fluctuations, and convert currencies seamlessly. With its user-friendly interface and comprehensive documentation, the Metals-API is designed to cater to the needs of technically proficient API developers.

For more information on how to get started, you can visit the Metals-API Documentation. This resource provides detailed guidance on implementing the API and understanding its various features.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability and functionality. Below are some of the most notable 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 essential for traders who need to make quick decisions based on the latest market conditions.
  • Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This feature allows users to analyze past trends and make informed predictions about future price movements.
  • Bid And Ask Endpoint: Retrieve real-time bid and ask prices for metals, which is crucial for traders looking to execute buy and sell orders at optimal prices.
  • Convert Endpoint: This endpoint enables users to convert any amount from one metal to another or to/from USD. This is particularly useful for investors dealing with multiple currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is invaluable for conducting in-depth market analysis over specific periods.
  • Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and helping traders strategize accordingly.
  • Carat Endpoint: Retrieve information about gold rates by carat, allowing jewelers and investors to assess the value of gold based on its purity.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date, which can aid in identifying market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for a specific time period, which is essential for technical analysis and charting.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market trends.
  • API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The Metals-API provides a comprehensive list of endpoints, each designed to fulfill specific functionalities.
  • Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to stay updated on the latest symbols.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional investors.
  • News Endpoint: Stay informed with the latest news articles related to various metals, helping traders keep abreast of market developments.

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's response structure is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743649219,
    "base": "USD",
    "date": "2025-04-03",
    "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 indicates a successful request, providing the latest exchange rates for various metals relative to USD. Each metal symbol is associated with its current rate, allowing developers to easily integrate this data into their applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743562819,
    "base": "USD",
    "date": "2025-04-02",
    "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 a specific date. The response includes the date queried and the corresponding rates for each metal, facilitating historical analysis.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-27",
    "end_date": "2025-04-03",
    "base": "USD",
    "rates": {
        "2025-03-27": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-29": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-03": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint provides a detailed view of exchange rates over a specified period. This data is essential for conducting trend analysis and forecasting future price movements.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743649219,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint allows users to convert a specified amount from one metal to another or to/from USD. The response includes the conversion rate and the resulting amount, making it easy for developers to implement currency conversion features in their applications.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-27",
    "end_date": "2025-04-03",
    "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 metal prices fluctuate over a specified period, offering valuable data for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1743649219,
    "base": "USD",
    "date": "2025-04-03",
    "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 crucial for traders who rely on technical analysis. It provides the opening, highest, lowest, and closing prices for a specific date, enabling users to make informed trading decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743649219,
    "base": "USD",
    "date": "2025-04-03",
    "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"
}

The bid/ask endpoint provides current bid and ask prices for metals, which is essential for traders looking to execute orders efficiently. The spread information also helps in assessing market liquidity.

Conclusion

The Metals-API is a powerful tool that provides developers with access to real-time and historical data on various metals, including Rhodium (XRH). By leveraging the capabilities of this API, developers can create innovative applications that enhance trading strategies and market analysis. With features such as the latest rates, historical data, and conversion capabilities, the Metals-API empowers users to make informed decisions in a dynamic market environment.

For further exploration of the API's capabilities, be sure to check out the Metals-API Website and dive into the comprehensive Metals-API Documentation for detailed implementation guidance. Understanding the full range of supported symbols is also crucial, which can be found on the Metals-API Supported Symbols page.

As the metal markets continue to evolve, staying informed and utilizing advanced tools like the Metals-API will be key to success in this competitive landscape.

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