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Get LBMA Platinum Am (LBXPTAM) price data for analysis using this API

Get LBMA Platinum Am (LBXPTAM) price data for analysis using this API

Get LBMA Platinum Am (LBXPTAM) price data for analysis using this API

Get LBMA Platinum Am (LBXPTAM) Price Data for Analysis Using This API

In the world of precious metals trading, having access to real-time data is crucial for making informed decisions. The LBMA Platinum Am (LBXPTAM) price data is essential for analysts and developers who are looking to integrate platinum pricing into their applications. This blog post will delve into the intricacies of the Metals-API, focusing on how it provides comprehensive data on platinum and other metals, enabling developers to create innovative applications that leverage this information.

Metals-API Information

About Platinum (XPT)

Platinum, represented by the symbol XPT, is not just a precious metal; it plays a pivotal role in various industries, particularly in green technology applications. As the world shifts towards sustainable innovation and clean energy solutions, platinum's unique properties make it an ideal candidate for use in catalytic converters, fuel cells, and other smart technology integrations. The demand for platinum is expected to rise as industries increasingly adopt digital transformation strategies that prioritize sustainability.

In addition to its industrial applications, platinum is also a valuable investment asset. Investors often turn to platinum as a hedge against inflation and economic uncertainty. The Metals-API Documentation provides developers with the tools to access real-time and historical data on platinum prices, facilitating informed investment decisions.

API Description

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including platinum. This API is designed for developers looking to build next-generation applications that require accurate and timely metals data. With its innovative capabilities, the Metals-API empowers users to access a wealth of information that can transform how they analyze and utilize metal prices.

One of the standout features of the Metals-API is its ability to deliver data in real-time, allowing developers to create applications that respond to market changes instantly. The API supports various endpoints, each tailored to specific data needs, from the latest rates to historical trends. This flexibility enables developers to craft solutions that meet their unique requirements.

Key Features and Endpoints

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

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This is crucial for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. Developers can query the API for historical rates by appending a specific date, allowing for in-depth analysis of price trends over time.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices, essential for traders looking to make quick decisions based on market conditions.
  • Convert Endpoint: The conversion endpoint allows users to convert any amount from one metal to another or to/from USD, making it easier to analyze pricing across different currencies.
  • Time-Series Endpoint: This endpoint allows querying for daily historical rates between two dates of your choice, providing insights into price movements over specific periods.
  • Fluctuation Endpoint: Track how currencies fluctuate on a day-to-day basis, which is vital for understanding market volatility and making informed trading decisions.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is particularly useful for jewelers and investors in the jewelry market.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date, helping traders identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those analyzing long-term trends in the metals market.
  • API Key: Your unique API key is essential for accessing the API, ensuring secure and authorized usage.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The API comes with numerous endpoints, each providing different functionalities tailored to user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, catering to regional market needs.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements.

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 Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate specific metal data into their applications.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1744513219,
    "base": "USD",
    "date": "2025-04-13",
    "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 response indicates that the API successfully retrieved the latest rates, with the base currency being USD. The rates for various metals, including platinum (XPT), are provided per troy ounce.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1744426819,
    "base": "USD",
    "date": "2025-04-12",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to retrieve historical rates, allowing developers to analyze past market behavior and trends.

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "base": "USD",
    "rates": {
        "2025-04-06": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-08": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-13": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of rates, allowing developers to visualize trends over a specified period.

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": 1744513219,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example illustrates how to convert a specified amount from USD to gold (XAU), providing the conversion rate and resulting value.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-06",
    "end_date": "2025-04-13",
    "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 response provides insights into how prices have fluctuated over a specified period, which is essential for traders looking to capitalize on market movements.

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1744513219,
    "base": "USD",
    "date": "2025-04-13",
    "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 endpoint is crucial for technical analysis, providing traders with the necessary data to make informed decisions based on market performance.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1744513219,
    "base": "USD",
    "date": "2025-04-13",
    "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 response provides the current bid and ask prices, which are essential for traders looking to execute orders at the best possible prices.

Conclusion

The Metals-API is an invaluable resource for developers and analysts seeking to integrate real-time and historical data on platinum and other metals into their applications. With its comprehensive range of endpoints, the API empowers users to access critical pricing information, analyze trends, and make informed decisions in the metals market.

By leveraging the capabilities of the Metals-API, developers can create innovative applications that respond to market changes, track fluctuations, and provide insights into pricing trends. Whether you are building a trading platform, a financial analysis tool, or a market research application, the Metals-API offers the flexibility and functionality needed to succeed.

For more information on how to utilize the Metals-API effectively, be sure to explore the Metals-API Documentation and familiarize yourself with the available endpoints and their functionalities. Understanding the full range of capabilities will enable you to maximize the potential of your applications and stay ahead in the competitive metals market.

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