Retrieve LBMA Platinum Am (LBXPTAM) prices using this API
Retrieve LBMA Platinum Am (LBXPTAM) Prices Using This API
In the world of precious metals trading, the ability to access real-time data is crucial for making informed decisions. The Metals-API provides developers with the tools necessary to retrieve LBMA Platinum Am (LBXPTAM) prices and other metal rates efficiently. This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, particularly in relation to Platinum (XPT), and how it can be utilized to enhance applications in various sectors, including green technology and digital transformation.
Metals-API Information
About Platinum (XPT)
Platinum is a precious metal that plays a significant role in various industries, particularly in green technology applications. Its unique properties make it an essential component in catalytic converters, which help reduce harmful emissions from vehicles. As the world shifts towards sustainable innovation and clean energy solutions, the demand for Platinum is expected to rise. The integration of smart technology in manufacturing processes also highlights the importance of real-time data, allowing businesses to optimize their operations and reduce waste.
Moreover, Platinum is increasingly being used in digital transformation initiatives. Its applications in electronics and renewable energy technologies underscore the need for accurate pricing data, which can be efficiently accessed through the Metals-API. By leveraging this API, developers can create applications that not only track Platinum prices but also analyze trends and fluctuations, providing valuable insights for investors and businesses alike.
API Description
The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including Platinum. This API empowers developers to build next-generation applications that require accurate and timely information. With its innovative features, the Metals-API enables users to access a wide range of functionalities, from retrieving the latest rates to analyzing historical trends.
For more detailed information, you can visit the Metals-API Documentation which provides comprehensive guidance on how to utilize the API effectively. The API supports a variety of symbols, including Platinum (XPT), which can be explored further on the Metals-API Supported Symbols page.
Key Features and Endpoints
The Metals-API offers several key features that enhance its usability for developers:
Latest Rates Endpoint
Depending on your subscription plan, the API's latest endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for applications that require up-to-the-minute pricing information, such as trading platforms or investment analysis tools.
{
"success": true,
"timestamp": 1744246853,
"base": "USD",
"date": "2025-04-10",
"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"
}Historical Rates Endpoint
Historical rates are available for most currencies dating back to 2019. This endpoint allows users to query the Metals-API for historical rates by appending a date to the request. This feature is particularly useful for analysts who need to study price trends over time.
{
"success": true,
"timestamp": 1744160453,
"base": "USD",
"date": "2025-04-09",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}Bid And Ask Endpoint
The Bid and Ask endpoint is a powerful feature that enables users to retrieve real-time Bid and Ask prices for metals. This is essential for traders who need to know the current market conditions to make informed buying or selling decisions.
{
"success": true,
"timestamp": 1744246853,
"base": "USD",
"date": "2025-04-10",
"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"
}Convert Endpoint
The Metals-API also includes a separate currency conversion endpoint, which can be used to convert any amount from one currency to another. This is particularly useful for applications that need to display prices in different currencies or for users who want to understand the value of their investments in various markets.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1744246853,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The time-series endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for users who want to analyze trends over specific periods, enabling them to make data-driven decisions.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-03",
"end_date": "2025-04-10",
"base": "USD",
"rates": {
"2025-04-03": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-04-05": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-04-10": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
Using the fluctuation endpoint, users can retrieve information about how currencies fluctuate on a day-to-day basis. This is particularly useful for traders who need to understand market volatility and make quick decisions based on price changes.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-03",
"end_date": "2025-04-10",
"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"
}Open/High/Low/Close (OHLC) Price Endpoint
The OHLC endpoint allows users to query the API to get the open, high, low, and close prices for a specific time period. This data is essential for traders who want to analyze market trends and make informed trading decisions.
{
"success": true,
"timestamp": 1744246853,
"base": "USD",
"date": "2025-04-10",
"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"
}Historical LME Endpoint
The historical LME endpoint provides access to historical rates for LME symbols dating back to 2008. This is particularly useful for users who need to analyze long-term trends in metal prices.
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 Symbols page.
Conclusion
The Metals-API is an invaluable resource for developers looking to integrate real-time and historical metal pricing data into their applications. With features such as the Latest Rates, Historical Rates, and various endpoints for conversion and fluctuation tracking, it empowers users to make informed decisions based on accurate data. As industries increasingly turn towards sustainable practices and digital transformation, the demand for reliable metal pricing information will only grow. By leveraging the capabilities of the Metals-API, developers can create innovative solutions that meet the needs of today's market.
For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive documentation available.