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Get Accurate Iron Ore (IRON) Prices in Multiple Currencies Using This Reliable API

Get Accurate Iron Ore (IRON) Prices in Multiple Currencies Using This Reliable API

Get Accurate Iron Ore (IRON) Prices in Multiple Currencies Using This Reliable API

Get Accurate Iron Ore (IRON) Prices in Multiple Currencies Using This Reliable API

In today's fast-paced digital economy, having access to real-time data is crucial for businesses operating in the metals market. The Metals-API provides accurate Iron Ore (IRON) prices in various currencies, empowering developers to create innovative applications that can transform how businesses interact with metal markets. This blog post will explore how Metals-API delivers precise pricing data, its key features, and potential business applications.

About Iron Ore (IRON)

Iron ore is a critical raw material for steel production, making it a vital commodity in the global market. As industries continue to undergo digital transformation, the demand for accurate and timely data on iron ore prices has surged. Technological innovations in data analytics and smart technology integration are reshaping the landscape of metal markets, allowing businesses to make informed decisions based on real-time insights.

With the rise of data analytics, companies can now leverage advanced algorithms to predict price fluctuations and market trends. This capability is essential for businesses engaged in trading, manufacturing, and supply chain management. By utilizing the Metals-API Documentation, developers can access a wealth of information that can be integrated into their applications, enhancing their operational efficiency.

API Description

The Metals-API is designed to provide developers with a robust platform for accessing real-time metals data, including Iron Ore prices. This API is built on the principles of innovation and technological advancement, offering a suite of features that empower developers to create next-generation applications. The API supports multiple endpoints, each tailored to meet specific data needs, from real-time pricing to historical data analysis.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated frequently based on the user's subscription plan. This ensures that businesses have access to the most current pricing information, which is crucial for making timely decisions in a volatile market.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data requirements. Here are some of the most notable features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for various metals, including Iron Ore. Depending on your subscription plan, the API can return data updated every 60 minutes or even more frequently.
  • Historical Rates Endpoint: Businesses can access historical rates dating back to 2019, allowing for comprehensive market analysis and trend identification. By appending a specific date to the API request, users can retrieve past pricing data.
  • Bid And Ask Endpoint: This feature enables users to obtain real-time bid and ask prices for metals, which is essential for traders looking to make informed buying and selling decisions.
  • Convert Endpoint: The API includes a currency conversion feature, allowing users to convert amounts from one currency to another seamlessly. This is particularly useful for businesses operating in multiple markets.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two chosen dates, providing insights into price trends over time.
  • Fluctuation Endpoint: This endpoint tracks how metal prices fluctuate on a day-to-day basis, offering valuable insights into market volatility.
  • Carat Endpoint: For businesses dealing with precious metals, the carat endpoint provides information about gold rates by carat, enhancing the granularity of data available.
  • Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for a specified date, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows users to retrieve open, high, low, and close prices for a specific time period, which is crucial for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market trends.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API features 14 different endpoints, each designed to provide specific functionalities tailored to user needs.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, ensuring users have access to the latest data.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using a dedicated endpoint, catering to regional market needs.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping businesses stay informed about market developments.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for developers. Here are examples of responses from various endpoints:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1759104138,
    "base": "USD",
    "date": "2025-09-29",
    "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": 1759017738,
    "base": "USD",
    "date": "2025-09-28",
    "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": "2025-09-22",
    "end_date": "2025-09-29",
    "base": "USD",
    "rates": {
        "2025-09-22": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-09-24": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-09-29": {
            "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": 1759104138,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-09-22",
    "end_date": "2025-09-29",
    "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) Price Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1759104138,
    "base": "USD",
    "date": "2025-09-29",
    "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": 1759104138,
    "base": "USD",
    "date": "2025-09-29",
    "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"
}

Potential Business Applications

The capabilities of the Metals-API open up numerous possibilities for businesses across various sectors. Here are some potential applications:

  • Trading Platforms: By integrating the Metals-API, trading platforms can provide users with real-time pricing data, enabling them to make informed trading decisions.
  • Supply Chain Management: Companies can utilize historical data to analyze trends and optimize their supply chain operations, ensuring they are purchasing metals at the best possible prices.
  • Financial Analysis Tools: Financial analysts can leverage the API to create tools that provide insights into market trends, helping investors make strategic decisions.
  • Mobile Applications: Developers can create mobile applications that provide users with real-time updates on metal prices, enhancing user engagement and providing valuable information on the go.

Conclusion

The Metals-API is a powerful tool for developers looking to access accurate Iron Ore prices and other metal data in multiple currencies. With its extensive range of features, including real-time pricing, historical data, and various endpoints, the API empowers businesses to make data-driven decisions in a rapidly changing market. By leveraging the capabilities of the Metals-API, companies can enhance their operational efficiency, optimize their trading strategies, and stay ahead of market trends.

For more information on how to implement the Metals-API in your applications, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals and currencies. Start harnessing the power of real-time metals data today!

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