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Retrieve Iridium (IRD) Historical Prices for Market Analysis using this API

Retrieve Iridium (IRD) Historical Prices for Market Analysis using this API

Retrieve Iridium (IRD) Historical Prices for Market Analysis using this API

Retrieve Iridium (IRD) Historical Prices for Market Analysis using this API

In the rapidly evolving landscape of metal markets, the ability to access and analyze historical prices is crucial for informed decision-making. This is particularly true for Iridium (IRD), a rare and valuable metal that has garnered attention for its unique properties and applications. By leveraging the Metals-API, developers can retrieve historical prices for Iridium and other metals, enabling advanced market analysis and insights. This blog post will explore the significance of Iridium, the capabilities of the Metals-API, and how to effectively utilize its features to access historical price data.

About Iridium (IRD)

Iridium is one of the rarest elements on Earth, known for its high density, corrosion resistance, and exceptional hardness. These properties make it invaluable in various industries, including electronics, automotive, and aerospace. As the demand for advanced materials continues to grow, understanding the market dynamics of Iridium becomes increasingly important.

The digital transformation in metal markets has opened new avenues for data analytics and insights. With the integration of smart technology, stakeholders can now access real-time data, enabling them to make informed decisions based on current market conditions. The Metals-API plays a pivotal role in this transformation by providing developers with the tools necessary to build applications that can analyze historical price trends and forecast future movements.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data for various metals, including Iridium. This API empowers developers to create next-generation applications that can harness the transformative potential of real-time metals data. With its user-friendly interface and comprehensive documentation, the Metals-API simplifies the process of retrieving and analyzing metal prices.

One of the key features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, developers can access the latest rates updated every 60 minutes or even more frequently. This capability is essential for applications that require up-to-the-minute information on metal prices.

Additionally, the Metals-API offers a Historical Rates Endpoint, allowing users to query historical rates dating back to 2019. This feature is particularly useful for developers looking to analyze price trends over time. By appending a specific date to the API request, users can retrieve historical data for Iridium and other metals, facilitating in-depth market analysis.

Key Features and Endpoints

The Metals-API is equipped with a variety of endpoints that cater to different data retrieval needs. Here are some of the most notable features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. Developers can access the latest prices for Iridium and other metals, ensuring they have the most current information at their fingertips.
  • Historical Rates Endpoint: Users can access historical exchange rates for any date since 1999. This feature allows for comprehensive analysis of price trends and market fluctuations over time.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, facilitating detailed analysis of price movements over specific periods.
  • Fluctuation Endpoint: Users can track rate fluctuations between two dates, providing insights into how prices change over time and helping to identify trends.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is essential for applications focused on jewelry and precious metals.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API to get the lowest and highest price for a specified date, assisting in identifying market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can retrieve OHLC data for a specific time period, which is crucial for technical analysis and trading strategies.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for comprehensive analysis of market trends.
  • API Key: Each user is assigned a unique API key that must be included in API requests, ensuring secure access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The API comes with numerous endpoints, each providing different functionalities to cater to various user needs.
  • Supported Symbols Endpoint: This endpoint returns all available currencies and metal symbols, ensuring users can easily find the data they need.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional market analysis.
  • News Endpoint: The Metals-API allows users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding the structure of API responses is crucial for effective integration. Below are examples of responses from various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1747717217,
    "base": "USD",
    "date": "2025-05-20",
    "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"
}

This response indicates a successful request, providing the latest rates for various metals, including Iridium. The "rates" field contains the current price per troy ounce for each metal.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747630817,
    "base": "USD",
    "date": "2025-05-19",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

The historical rates response provides data for a specific date, allowing users to analyze past prices and trends. The "rates" field lists the prices for each metal on that date.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-13",
    "end_date": "2025-05-20",
    "base": "USD",
    "rates": {
        "2025-05-13": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-15": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-20": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response illustrates how to retrieve exchange rates for a specific time period, allowing developers to visualize trends and fluctuations over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747717217,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The convert endpoint response provides the conversion result from one metal to another, along with the applicable exchange rate. This is particularly useful for applications that require currency conversion capabilities.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-13",
    "end_date": "2025-05-20",
    "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 response provides insights into how prices fluctuate over a specified period, helping developers and analysts identify trends and make predictions.

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

{
    "success": true,
    "timestamp": 1747717217,
    "base": "USD",
    "date": "2025-05-20",
    "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 response provides critical data for traders and analysts, allowing them to assess market performance over a specific period.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747717217,
    "base": "USD",
    "date": "2025-05-20",
    "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"
}

This response provides the current bid and ask prices for metals, which is essential for understanding market dynamics and making informed trading decisions.

Conclusion

In conclusion, the Metals-API offers a comprehensive suite of tools for developers looking to access historical prices and real-time data for Iridium and other metals. By utilizing the various endpoints available, developers can create applications that provide valuable insights into market trends and fluctuations. The ability to retrieve historical data, analyze price movements, and convert between different metals empowers users to make informed decisions in a rapidly changing market.

For more information on how to get started with the Metals-API, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. With the right tools and data, developers can harness the power of real-time metals data to drive innovation and success in their applications.

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