How to retrieve Platinum Continuous Contract (PL00) prices using this API

Introduction

In the world of precious metals, Platinum (symbol: XPT) stands out not only for its rarity but also for its vital role in various industries, particularly in green technology and sustainable innovation. As developers and businesses seek to harness real-time data for decision-making, the Metals-API provides a powerful tool for retrieving Platinum Continuous Contract (PL00) prices and other essential market data. This blog post will delve into the capabilities of the Metals-API, exploring how it can be utilized to access Platinum prices and enhance applications in clean energy solutions and digital transformation.

Metals-API Information

About Platinum (XPT)

Platinum is a precious metal that has garnered attention for its applications in various sectors, particularly in the automotive industry for catalytic converters, and in electronics for its conductivity and resistance to corrosion. However, its significance extends beyond traditional uses. With the rise of green technology, Platinum is increasingly being integrated into hydrogen fuel cells, which are pivotal for clean energy solutions. This shift towards sustainable innovation highlights the importance of real-time data in tracking market trends and making informed decisions.

The demand for Platinum is also influenced by its role in digital transformation. As industries adopt smart technology, the need for accurate and timely data becomes crucial. The Metals-API serves as a bridge, providing developers with the necessary tools to integrate real-time Platinum pricing into their applications, thereby enhancing user experience and operational efficiency.

API Description

The Metals-API is designed to empower developers with access to real-time and historical data for various metals, including Platinum. By leveraging this API, developers can build next-generation applications that require accurate metals pricing, enabling businesses to stay ahead in a competitive market. The API offers a range of endpoints that cater to different needs, from retrieving the latest rates to historical data analysis.

One of the key advantages of the Metals-API is its ability to provide data that is updated frequently, ensuring that users have access to the most current market information. This capability is particularly beneficial for applications that require real-time decision-making, such as trading platforms and financial analysis tools.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each designed to fulfill specific requirements. Here are some of the most notable features:

Latest Rates Endpoint

The Latest Rates Endpoint allows users to retrieve real-time exchange rate data for Platinum and other metals. Depending on the subscription plan, this endpoint can provide updates every 60 minutes or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1745985686,
    "base": "USD",
    "date": "2025-04-30",
    "rates": {
        "XPT": 0.000912
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

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

{
    "success": true,
    "timestamp": 1745899286,
    "base": "USD",
    "date": "2025-04-29",
    "rates": {
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

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

{
    "success": true,
    "timestamp": 1745985686,
    "base": "USD",
    "date": "2025-04-30",
    "rates": {
        "XPT": {
            "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": "XPT",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745985686,
        "rate": 0.000912
    },
    "result": 0.912,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint enables users to query the API for daily historical rates between two specified dates. This is particularly useful for analyzing price movements over a defined period, allowing developers to build applications that visualize trends and patterns in Platinum pricing.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-23",
    "end_date": "2025-04-30",
    "base": "USD",
    "rates": {
        "2025-04-23": {
            "XPT": 0.000915
        },
        "2025-04-30": {
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how Platinum prices fluctuate over a specified period. This information is crucial for traders looking to understand market volatility and make informed decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-23",
    "end_date": "2025-04-30",
    "base": "USD",
    "rates": {
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

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

The OHLC Price Endpoint allows users to retrieve the open, high, low, and close prices for Platinum over a specified date range. This data is essential for technical analysis and understanding market trends.

{
    "success": true,
    "timestamp": 1745985686,
    "base": "USD",
    "date": "2025-04-30",
    "rates": {
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.000910,
            "close": 0.000912
        }
    },
    "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 developers working with industrial applications that require long-term pricing data.

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 various metals into their applications.

Conclusion

The Metals-API offers a robust solution for developers seeking to access real-time and historical data for Platinum and other precious metals. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and Bid and Ask Endpoint, developers can create applications that provide valuable insights into market trends and pricing dynamics. By leveraging the capabilities of the Metals-API, businesses can enhance their decision-making processes and stay competitive in a rapidly evolving market.

For more information on how to implement these features and access the full range of capabilities, visit the Metals-API Documentation. Whether you're building a trading platform, a financial analysis tool, or an application focused on sustainable innovation, the Metals-API is an essential resource for integrating real-time metals data into your projects.