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Access Rhodium (XRH) Historical Prices through this API

Access Rhodium (XRH) Historical Prices through this API

Access Rhodium (XRH) Historical Prices through this API

Access Rhodium (XRH) Historical Prices through this API

In the rapidly evolving world of metals trading, having access to accurate and timely data is crucial for making informed decisions. One of the most promising developments in this space is the ability to access historical prices for metals like Rhodium (XRH) through the Metals-API. This powerful API not only provides real-time data but also offers a comprehensive suite of features that enable developers to build innovative applications tailored to the needs of the metals market.

About Rhodium (XRH)

Rhodium, represented by the symbol XRH, is a rare and precious metal that has gained significant attention in recent years due to its unique properties and applications. As a member of the platinum group of metals, Rhodium is primarily used in catalytic converters for automobiles, making it essential for reducing harmful emissions. The demand for Rhodium has surged as stricter environmental regulations have come into play, driving prices to unprecedented levels.

The digital transformation in metal markets has opened up new avenues for trading and investment. Technological innovations, such as blockchain and advanced data analytics, are reshaping how traders interact with the market. The integration of smart technology allows for real-time monitoring of prices, trends, and market fluctuations, providing traders with the insights they need to make informed decisions.

As we look to the future, the possibilities for Rhodium and other precious metals are vast. With the rise of electric vehicles and the ongoing push for sustainable technologies, the demand for Rhodium is expected to remain strong. This creates a unique opportunity for developers and traders alike to leverage data-driven insights to navigate the complexities of the metals market.

Metals-API Overview

The Metals-API is a robust platform that provides developers with access to real-time and historical data for various metals, including Rhodium. This API empowers users to build next-generation applications that can analyze market trends, track price fluctuations, and convert currencies with ease. With its user-friendly interface and comprehensive documentation, the Metals-API is designed to meet the needs of technically proficient developers looking to harness the power of metals data.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API's latest rates endpoint can return updates every 60 minutes, every 10 minutes, or even more frequently. This ensures that users have access to the most current information available, allowing them to make timely trading decisions.

Key Features and Endpoints

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

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. For example, a successful response might look like this:
{
    "success": true,
    "timestamp": 1747620015,
    "base": "USD",
    "date": "2025-05-19",
    "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 endpoint is invaluable for traders who need to stay updated on the latest market conditions.

  • Historical Rates Endpoint: Users can access historical exchange rates for any date since 1999. This is particularly useful for analyzing trends over time. A typical response might look like this:
{
    "success": true,
    "timestamp": 1747533615,
    "base": "USD",
    "date": "2025-05-18",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This feature allows traders to backtest strategies and understand historical price movements.

  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for metals. The bid price represents the highest price a buyer is willing to pay, while the ask price is the lowest price a seller will accept. A sample response might look like this:
{
    "success": true,
    "timestamp": 1747620015,
    "base": "USD",
    "date": "2025-05-19",
    "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 endpoint is essential for traders looking to execute orders at the best possible prices.

  • Convert Endpoint: The Metals-API includes a currency conversion endpoint that allows users to convert any amount from one metal to another or to/from USD. For example:
{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747620015,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This feature simplifies the process of calculating the value of metals in different currencies.

  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice. A typical response might look like this:
{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-12",
    "end_date": "2025-05-19",
    "base": "USD",
    "rates": {
        "2025-05-12": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-14": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-19": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for analyzing trends over specific periods.

  • Fluctuation Endpoint: Users can track rate fluctuations between two dates, providing insights into market volatility. A sample response might look like this:
{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-12",
    "end_date": "2025-05-19",
    "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 feature helps traders understand how prices have changed over time, which is critical for making informed trading decisions.

  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period. A typical response might look like this:
{
    "success": true,
    "timestamp": 1747620015,
    "base": "USD",
    "date": "2025-05-19",
    "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"
}

This data is essential for traders who rely on technical analysis to make decisions.

  • Historical LME Endpoint: For those interested in LME symbols, this endpoint provides historical rates dating back to 2008. This is particularly useful for traders who need to analyze long-term trends.

In addition to these features, the Metals-API also includes endpoints for retrieving the latest news articles related to various metals, as well as a dedicated endpoint for retrieving the latest gold price in India. This comprehensive suite of tools makes the Metals-API an invaluable resource for anyone involved in the metals market.

API Key and Authentication

To access the Metals-API, users must obtain an API key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring that users have the appropriate permissions to access the data they need.

Understanding API Responses

Exchange rates delivered by the Metals-API are by default relative to USD. All data is returned in a structured JSON format, making it easy for developers to parse and utilize the information in their applications. Each response includes a success flag, a timestamp, the base currency, and the rates for the requested metals.

Common Use Cases and Integration Strategies

The Metals-API can be integrated into various applications, from trading platforms to financial analysis tools. Here are some common use cases:

  • Building a trading application that provides users with real-time price updates and historical data analysis.
  • Creating a financial dashboard that visualizes trends and fluctuations in metal prices over time.
  • Developing a currency conversion tool that allows users to easily convert between different metals and currencies.

When integrating the Metals-API, developers should consider performance optimization strategies, such as caching frequently accessed data and implementing rate limiting to avoid exceeding API quotas. Additionally, security best practices should be followed to protect sensitive user data and API keys.

Conclusion

Accessing historical prices for Rhodium (XRH) through the Metals-API opens up a world of possibilities for traders and developers alike. With its comprehensive suite of features, including real-time data, historical rates, and advanced analytics, the Metals-API empowers users to make informed decisions in the dynamic metals market. As the industry continues to evolve, leveraging the power of data will be essential for staying ahead of the competition.

For more information on how to get started with the Metals-API, be sure to check out the Metals-API Documentation and explore the Metals-API Supported Symbols page for a complete list of available metals. With the right tools and insights, you can navigate the complexities of the metals market with confidence.

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