Fetch Iridium (IRD) Historical Prices for Financial Reports using this API

Introduction

In the rapidly evolving world of finance and commodities, having access to accurate and timely data is crucial for making informed decisions. For those interested in the precious metals market, fetching historical prices of Iridium (IRD) can be a game-changer. This blog post will delve into how to obtain historical prices for Iridium using the Metals-API. We will explore the innovative features of the API, its capabilities, and how it can empower developers to create next-generation applications that leverage real-time metals data.

Metals-API Information

About Iridium (IRD)

Iridium is a rare metal that has gained attention for its unique properties and applications in various industries, including electronics, aerospace, and automotive. As digital transformation continues to reshape metal markets, the demand for accurate data analytics and insights into Iridium prices is more critical than ever. The integration of smart technology in financial reporting and trading platforms allows for real-time tracking of metal prices, enabling stakeholders to make data-driven decisions.

Technological advancements have paved the way for innovative solutions in the metals market. The Metals-API stands at the forefront of this transformation, providing developers with the tools needed to access and analyze historical price data for Iridium and other metals. By utilizing data analytics, businesses can gain insights into market trends, optimize their operations, and enhance their financial reporting.

API Description

The Metals-API is a powerful tool designed for developers looking to integrate metals pricing data into their applications. It offers a comprehensive suite of features that enable users to access real-time and historical data for various metals, including Iridium. The API's capabilities include fetching the latest rates, historical rates, bid and ask prices, and much more. This level of access allows developers to build applications that can analyze market trends, track price fluctuations, and provide valuable insights to users.

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 can provide updates every 60 minutes, every 10 minutes, or even more frequently. This ensures that users have access to the most current data available, which is essential for making timely decisions in the fast-paced metals market.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs within the metals market. Here are some of the key features and their potential applications:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for all available metals. This endpoint is particularly useful for traders and analysts who need to monitor current market conditions. Depending on your subscription plan, the API can return data updated at varying intervals, ensuring that you have the most accurate information at your fingertips.

{
    "success": true,
    "timestamp": 1751882470,
    "base": "USD",
    "date": "2025-07-07",
    "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

For those looking to analyze trends over time, the Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. This feature is invaluable for financial analysts and researchers who need to study price movements and market behavior over extended periods.

{
    "success": true,
    "timestamp": 1751796070,
    "base": "USD",
    "date": "2025-07-06",
    "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 information is crucial for traders who need to understand the market depth and make informed buying or selling decisions.

{
    "success": true,
    "timestamp": 1751882470,
    "base": "USD",
    "date": "2025-07-07",
    "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 Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for businesses that deal with multiple currencies and need to perform conversions for pricing and reporting purposes.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1751882470,
        "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 essential for analysts looking to study price trends over specific periods and can provide insights into market behavior.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-30",
    "end_date": "2025-07-07",
    "base": "USD",
    "rates": {
        "2025-06-30": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-07": {
            "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 metal prices fluctuate on a day-to-day basis. This feature is particularly useful for traders who need to understand volatility and make strategic decisions based on price movements.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-30",
    "end_date": "2025-07-07",
    "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 Open/High/Low/Close (OHLC) Price Endpoint provides users with the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make informed decisions.

{
    "success": true,
    "timestamp": 1751882470,
    "base": "USD",
    "date": "2025-07-07",
    "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 endpoint is particularly useful for businesses involved in trading metals on the London Metal Exchange, allowing them to analyze historical price data for better decision-making.

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 only authorized users can access the data.

API Response

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. Understanding the structure of the API response is crucial for effective integration and data analysis.

Performance Optimization and Scaling

As with any API, performance optimization is key to ensuring a smooth user experience. Developers should consider implementing caching strategies to reduce the number of API calls and improve response times. Additionally, understanding rate limits and quota management is essential for maintaining optimal performance.

Conclusion

In conclusion, the Metals-API provides a comprehensive solution for developers looking to access historical prices for Iridium and other metals. With its innovative features and capabilities, the API empowers users to build applications that leverage real-time data for informed decision-making. By understanding the various endpoints and their applications, developers can create powerful tools that enhance financial reporting and trading strategies.

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 for a complete list of available metals. With the right tools and insights, the future of trading and financial reporting in the metals market looks promising.