Retrieve Platinum Ask (XPT-ASK) prices using this API

Retrieve Platinum Ask (XPT-ASK) Prices Using This API

In the world of precious metals trading, having access to real-time data is crucial for making informed decisions. The Metals-API provides developers with the tools necessary to retrieve Platinum (XPT) prices and other metal rates efficiently. This blog post will delve into the intricacies of the Metals-API, focusing on its capabilities, particularly regarding Platinum, and how it can empower developers to create innovative applications in the realm of finance and trading.

About Platinum (XPT)

Platinum, represented by the symbol XPT, is a precious metal known for its rarity and unique properties. It plays a significant role in various industries, particularly in green technology applications, sustainable innovation, and clean energy solutions. As the world shifts towards more sustainable practices, Platinum is increasingly being utilized in catalytic converters for vehicles, which help reduce harmful emissions. This integration of Platinum into green technologies highlights its importance in the transition to a more sustainable future.

Moreover, the digital transformation of industries has opened new avenues for the use of Platinum. With smart technology integration, businesses can leverage real-time data to optimize their operations, manage inventory, and make strategic decisions based on market trends. The Metals-API serves as a bridge between developers and the dynamic world of metal trading, providing the necessary data to fuel these innovations.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including Platinum. It allows developers to access a wealth of information through a simple and intuitive interface. The API is built with innovation in mind, enabling the creation of next-generation applications that can analyze market trends, track price fluctuations, and convert currencies seamlessly.

With the Metals-API, developers can retrieve the latest rates, historical data, and even bid and ask prices for Platinum and other metals. This capability is essential for traders and businesses that require up-to-date information to make informed decisions. The API's potential for integration into financial applications is vast, allowing for the development of tools that can enhance trading strategies and improve market analysis.

For more detailed information, you can explore the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively.

Key Features and Endpoints

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

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Platinum and other metals. Depending on your subscription plan, the API can return updates every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for traders who need to stay informed about market movements.
• Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your request, you can retrieve past prices for Platinum, allowing for in-depth analysis of market trends over time.
• Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices for Platinum. Understanding the bid-ask spread is essential for traders looking to optimize their buying and selling strategies.
• Convert Endpoint: The API includes a currency conversion endpoint, allowing you to convert any amount from one metal to another or to/from USD. This feature is particularly useful for businesses operating in multiple currencies.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is ideal for analyzing price movements over specific periods.
• Fluctuation Endpoint: Retrieve information about how Platinum prices fluctuate on a day-to-day basis. This data can help traders identify patterns and make informed decisions.
• Carat Endpoint: This endpoint provides information about Gold rates by Carat, which can be useful for businesses dealing with jewelry and precious metals.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of Platinum over a specified period. This information is vital for understanding market volatility.
• Open/High/Low/Close (OHLC) Price Endpoint: Get detailed OHLC data for Platinum, which is essential for technical analysis and trading strategies.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a broader context for market analysis.
• API Key: Your unique API key is required to access the API's features. It must be included in the API base URL's access_key parameter.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
• Available Endpoints: The Metals-API offers numerous endpoints, each providing different functionalities tailored to various needs.
• Supported Symbols Endpoint: This endpoint returns all available currencies, allowing developers to stay updated on the latest symbols supported by the API.
• Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which can be beneficial for regional traders.
• News Endpoint: Stay informed with the latest news articles related to various metals, helping traders keep abreast of market developments.

For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints and their expected responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1746158452,
    "base": "USD",
    "date": "2025-05-02",
    "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

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1746072052,
    "base": "USD",
    "date": "2025-05-01",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-25",
    "end_date": "2025-05-02",
    "base": "USD",
    "rates": {
        "2025-04-25": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-27": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-02": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746158452,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-25",
    "end_date": "2025-05-02",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1746158452,
    "base": "USD",
    "date": "2025-05-02",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1746158452,
    "base": "USD",
    "date": "2025-05-02",
    "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"
}

Conclusion

The Metals-API is an invaluable resource for developers looking to integrate real-time and historical data on Platinum and other metals into their applications. By leveraging the various endpoints, developers can create sophisticated tools that analyze market trends, track price fluctuations, and facilitate currency conversions. The API's capabilities empower businesses to make data-driven decisions, enhancing their competitive edge in the precious metals market.

For further exploration of the API's features and to start building your applications, visit the Metals-API Website and check out the Metals-API Documentation for detailed guidance. Understanding the full range of supported symbols is also crucial, so be sure to refer to the Metals-API Supported Symbols page.