Get updated Rhodium (XRH) prices using this API for market analysis

Get Updated Rhodium (XRH) Prices Using This API for Market Analysis

In the rapidly evolving world of metal markets, having access to real-time data is crucial for making informed decisions. The Metals-API provides developers with the tools necessary to access up-to-date prices for various metals, including Rhodium (XRH). This blog post will delve into the capabilities of the Metals-API, exploring its features, endpoints, and how it can be utilized for market analysis and decision-making.

Understanding Rhodium (XRH) and Its Market

Rhodium is a rare and valuable metal, primarily used in catalytic converters for automobiles, jewelry, and various industrial applications. The demand for Rhodium has surged in recent years due to its critical role in reducing harmful emissions from vehicles. As a result, understanding its market dynamics is essential for investors and businesses alike.

The Rhodium market is influenced by several factors, including supply constraints, technological advancements in automotive manufacturing, and regulatory changes aimed at reducing emissions. By leveraging the Metals-API, developers can gain insights into Rhodium's price fluctuations and trends, enabling better strategic planning and investment decisions.

Digital Transformation in Metal Markets

The integration of technology in metal markets has transformed how data is collected, analyzed, and utilized. The Metals-API exemplifies this digital transformation by providing a robust platform for accessing real-time metal prices, including Rhodium. With the rise of data analytics and smart technology, businesses can now make data-driven decisions that enhance operational efficiency and market competitiveness.

Technological innovations, such as machine learning and predictive analytics, can be applied to the data retrieved from the Metals-API to forecast future price movements and market trends. This capability empowers businesses to stay ahead of the curve and adapt to changing market conditions.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on metal prices. It offers a wide range of endpoints that allow users to access various functionalities, including retrieving the latest rates, historical data, and conversion capabilities. By utilizing this API, developers can build next-generation applications that leverage real-time metals data for market analysis.

For comprehensive documentation on how to implement the Metals-API, visit the Metals-API Documentation. This resource provides detailed information on each endpoint, including parameters, response formats, and practical use cases.

Key Features and Endpoints

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

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, 10 minutes, or more frequently, depending on your subscription plan. For example, you can retrieve the latest Rhodium price in USD.
• Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This feature is invaluable for analyzing past market trends and making informed predictions.
• Bid and Ask Endpoint: Retrieve real-time bid and ask prices for metals, allowing traders to understand market sentiment and make timely decisions.
• Convert Endpoint: This endpoint enables 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, providing insights into price movements over time.
• Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, which is essential for understanding market volatility.
• Carat Endpoint: Retrieve information about Gold rates by Carat, which is particularly useful for jewelers and investors in precious metals.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified period, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: Access OHLC data for a specific time period, which is crucial for traders looking to analyze market trends.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market dynamics.
• API Key: Your unique API key is essential for accessing the API and should be included in your requests.
• API Response: The API delivers exchange rates relative to USD, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API includes 14 endpoints, each offering different functionalities tailored to various user needs.
• Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to explore the full range of metal symbols supported by the API.
• News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.

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 essential for developers looking to integrate specific metal data into their applications.

API Endpoint Examples and Responses

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

Latest Rates Endpoint

{
"success": true,
"timestamp": 1764648048,
"base": "USD",
"date": "2025-12-02",
"rates": {
"XRH": 0.000482
},
"unit": "per troy ounce"
}

Historical Rates Endpoint

{
"success": true,
"timestamp": 1764561648,
"base": "USD",
"date": "2025-12-01",
"rates": {
"XRH": 0.000485
},
"unit": "per troy ounce"
}

Time-series Endpoint

{
"success": true,
"timeseries": true,
"start_date": "2025-11-25",
"end_date": "2025-12-02",
"base": "USD",
"rates": {
"2025-11-25": {
"XRH": 0.000485
},
"2025-12-02": {
"XRH": 0.000482
}
},
"unit": "per troy ounce"
}

Convert Endpoint

{
"success": true,
"query": {
"from": "USD",
"to": "XRH",
"amount": 1000
},
"info": {
"timestamp": 1764648048,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

{
"success": true,
"fluctuation": true,
"start_date": "2025-11-25",
"end_date": "2025-12-02",
"base": "USD",
"rates": {
"XRH": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}

OHLC (Open/High/Low/Close) Endpoint

{
"success": true,
"timestamp": 1764648048,
"base": "USD",
"date": "2025-12-02",
"rates": {
"XRH": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}

Bid/Ask Endpoint

{
"success": true,
"timestamp": 1764648048,
"base": "USD",
"date": "2025-12-02",
"rates": {
"XRH": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data on metals, including Rhodium (XRH). By leveraging its various endpoints, users can gain insights into market trends, make informed decisions, and enhance their applications with up-to-date metal pricing information.

As the metal markets continue to evolve, the importance of data analytics and technological integration cannot be overstated. The Metals-API empowers developers to harness the power of real-time data, enabling them to build innovative solutions that meet the demands of a dynamic market.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation. Stay ahead in the metal market by utilizing the transformative capabilities of the Metals-API.