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How to Get Real-Time Rhodium (XRH) Prices with Metals-API

How to Get Real-Time Rhodium (XRH) Prices with Metals-API

How to Get Real-Time Rhodium (XRH) Prices with Metals-API

How to Get Real-Time Rhodium (XRH) Prices with Metals-API

In today's fast-paced financial landscape, having access to real-time market data is crucial for making informed decisions, especially in the metals market. This blog post will guide you through the process of accessing real-time Rhodium (XRH) prices using the Metals-API. We will explore the capabilities of the API, provide step-by-step instructions, and offer example API calls to help you integrate this powerful tool into your applications.

About Rhodium (XRH)

Rhodium, represented by the symbol XRH, is a precious metal that has gained significant attention in recent years due to its unique properties and applications. As a catalyst in automotive catalytic converters, Rhodium plays a vital role in reducing harmful emissions. The digital transformation in metal markets has made it essential for traders, manufacturers, and investors to access real-time data to make timely decisions. With the rise of technological innovations and advancements in data analytics, the Metals-API provides a robust solution for accessing Rhodium prices and other metal data.

The integration of smart technology into the metals market is transforming how stakeholders interact with data. By leveraging real-time insights from the Metals-API, developers can build next-generation applications that not only track prices but also analyze trends and forecast future movements. As we delve deeper into the capabilities of the Metals-API, we will explore how it empowers developers to harness the full potential of real-time metals data.

API Description

The Metals-API is a powerful tool that provides access to real-time and historical market prices for various metals, including Rhodium. This API is designed for developers looking to integrate metals pricing data into their applications seamlessly. With its user-friendly interface and comprehensive documentation, the Metals-API enables developers to access a wide range of features, including:

  • Latest Rates Endpoint: Get real-time exchange rate data updated at intervals based on your subscription plan.
  • Historical Rates Endpoint: Access historical rates dating back to 2019 for most currencies.
  • Bid and Ask Endpoint: Retrieve real-time bid and ask prices for metals.
  • Convert Endpoint: Convert any amount from one metal to another or to/from USD.
  • Time-Series Endpoint: Query daily historical rates between two dates of your choice.
  • Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis.
  • Carat Endpoint: Retrieve information about Gold rates by Carat.
  • Lowest/Highest Price Endpoint: Get the lowest and highest price for a specified date.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access OHLC data for a specific time period.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008.
  • API Key: Use your unique API key to access the API.
  • API Response: Receive exchange rates relative to USD.
  • Supported Symbols Endpoint: Get a constantly updated list of available currencies.
  • Gold Price India Endpoint: Retrieve the latest gold price in India.
  • News Endpoint: Access the latest news articles related to various metals.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. For instance, the Latest Rates Endpoint allows you to retrieve real-time exchange rates for all available metals, including Rhodium. Depending on your subscription plan, this endpoint can provide updates every 60 minutes or even every 10 minutes. This feature is particularly useful for traders who need to stay informed about market fluctuations.

To access the latest rates, you would make a simple API call to the endpoint, and the response would include the current rates for various metals. Here’s an example of what the JSON response might look like:

{
    "success": true,
    "timestamp": 1754787778,
    "base": "USD",
    "date": "2025-08-10",
    "rates": {
        "XRH": 0.000482,
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

In this response, you can see that the API returns the success status, timestamp, base currency, date, and the rates for various metals, including Rhodium. The unit of measurement is specified as "per troy ounce," which is standard in the metals market.

The Historical Rates Endpoint is another valuable feature that allows you to access historical exchange rates for any date since 1999. This is particularly useful for analysts and traders who want to study past trends and make predictions based on historical data. By appending a specific date to the endpoint, you can retrieve the rates for that date. Here’s an example response:

{
    "success": true,
    "timestamp": 1754701378,
    "base": "USD",
    "date": "2025-08-09",
    "rates": {
        "XRH": 0.000485,
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

This response provides the historical rates for Rhodium and other metals, allowing you to analyze price movements over time.

The Bid and Ask Endpoint is another powerful feature that enables you to retrieve real-time bid and ask prices for metals. This is crucial for traders who need to know the current market prices to make buying or selling decisions. The response from this endpoint will include the bid and ask prices along with the spread. Here’s an example:

{
    "success": true,
    "timestamp": 1754787778,
    "base": "USD",
    "date": "2025-08-10",
    "rates": {
        "XRH": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Understanding the bid and ask prices is essential for executing trades effectively, and this endpoint provides the necessary data to do so.

The Convert Endpoint allows you to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who deal in multiple currencies and need to quickly calculate the equivalent value in another metal. Here’s an example of how the response looks:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XRH",
        "amount": 1000
    },
    "info": {
        "timestamp": 1754787778,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates that 1000 USD is equivalent to 0.482 troy ounces of Rhodium, providing a quick and efficient way to perform currency conversions.

The Time-Series Endpoint allows you to query the API for daily historical rates between two dates of your choice. This is particularly useful for analyzing trends over a specific period. The response will include the rates for each day within the specified range. Here’s an example:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-08-03",
    "end_date": "2025-08-10",
    "base": "USD",
    "rates": {
        "2025-08-03": {
            "XRH": 0.000485
        },
        "2025-08-05": {
            "XRH": 0.000483
        },
        "2025-08-10": {
            "XRH": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides a comprehensive view of how Rhodium prices have changed over a specified period, enabling traders to make data-driven decisions.

The Fluctuation Endpoint allows you to track rate fluctuations between two dates. This is particularly useful for understanding market volatility and making strategic trading decisions. The response will include the start and end rates, as well as the percentage change. Here’s an example:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-08-03",
    "end_date": "2025-08-10",
    "base": "USD",
    "rates": {
        "XRH": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

This response provides valuable insights into how Rhodium prices have fluctuated over the specified period, allowing traders to assess market conditions effectively.

The Open/High/Low/Close (OHLC) Price Endpoint provides essential data for traders looking to analyze market trends. This endpoint returns the open, high, low, and close prices for a specific time period. Here’s an example response:

{
    "success": true,
    "timestamp": 1754787778,
    "base": "USD",
    "date": "2025-08-10",
    "rates": {
        "XRH": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

This data is crucial for traders who rely on technical analysis to make informed decisions based on price movements.

For those interested in the historical rates of LME symbols, the Historical LME Endpoint provides access to rates dating back to 2008. This is particularly useful for analyzing long-term trends in the metals market.

Authentication and API Key

To access the Metals-API, you will need to obtain an API key. This unique key is passed into the API base URL's access_key parameter. The API key is essential for authenticating your requests and ensuring that you have the appropriate permissions to access the data. Make sure to keep your API key secure and do not share it publicly.

Common Pitfalls and Troubleshooting

When working with the Metals-API, developers may encounter common pitfalls such as:

  • Invalid API Key: Ensure that your API key is correctly entered and has not expired.
  • Rate Limiting: Be aware of the rate limits associated with your subscription plan to avoid exceeding the allowed number of requests.
  • Incorrect Endpoint Usage: Double-check the endpoint you are using and ensure that you are passing the correct parameters.

If you encounter errors, refer to the Metals-API Documentation for detailed information on error codes and troubleshooting steps.

Conclusion

Accessing real-time Rhodium prices using the Metals-API is a straightforward process that can significantly enhance your trading strategies and decision-making capabilities. By leveraging the various endpoints offered by the API, developers can build powerful applications that provide valuable insights into the metals market.

From retrieving the latest rates to analyzing historical data and tracking fluctuations, the Metals-API offers a comprehensive suite of features that cater to the needs of technically proficient API developers. By integrating this API into your applications, you can stay ahead of market trends and make informed decisions based on real-time data.

For more information on the available symbols, visit the Metals-API Supported Symbols page. Whether you are a trader, analyst, or developer, the Metals-API is a valuable resource for accessing real-time metals data and unlocking the potential of the metals market.

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