How to retrieve Platinum Bid (XPT-BID) prices using this API

In the world of precious metals, Platinum (XPT) stands out not only for its rarity but also for its diverse applications in various industries, including green technology and clean energy solutions. As developers and businesses seek to leverage real-time data for trading and analysis, the Metals-API provides a robust solution for retrieving Platinum Bid (XPT-BID) prices and other related data. This blog post will delve into the capabilities of the Metals-API, exploring how it empowers developers to create innovative applications while providing comprehensive insights into the Platinum market.

Metals-API Information

About Platinum (XPT)

Platinum is a precious metal that has garnered significant attention due to its unique properties and applications. It is widely used in catalytic converters, jewelry, and various industrial processes. In recent years, the demand for Platinum has surged, driven by its role in green technology applications, such as hydrogen fuel cells and electric vehicle batteries. As the world shifts towards sustainable innovation and clean energy solutions, the importance of Platinum in these sectors cannot be overstated.

Moreover, the integration of smart technology and digital transformation in industries has further increased the need for accurate and real-time data on Platinum prices. Developers can harness the power of the Metals-API to access this data, enabling them to build applications that provide insights into market trends and pricing fluctuations.

API Description

The Metals-API is a powerful tool that offers real-time and historical data for various metals, including Platinum. With its innovative architecture, the API allows developers to create next-generation applications that can analyze and visualize metal prices effectively. The API's capabilities extend beyond mere price retrieval; it empowers users to make informed decisions based on comprehensive data analytics.

One of the key features of the Metals-API is its ability to provide real-time exchange rate data, which is crucial for traders and businesses operating in the metals market. The API supports various endpoints that cater to different data needs, from the latest rates to historical trends, making it an invaluable resource for developers.

Key Features and Endpoints

The Metals-API offers a wide range of endpoints, each designed to fulfill specific data requirements. Here are some of the most notable features:

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for Platinum and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is essential for traders who need to stay informed about the latest market movements.

{
        "success": true,
        "timestamp": 1746507621,
        "base": "USD",
        "date": "2025-05-06",
        "rates": {
            "XPT": 0.000912
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

For those interested in analyzing trends over time, the Historical Rates endpoint allows users to access exchange rates dating back to 2019. By appending a specific date to the API request, developers can retrieve historical data that is vital for market analysis.

{
        "success": true,
        "timestamp": 1746421221,
        "base": "USD",
        "date": "2025-05-05",
        "rates": {
            "XPT": 0.000915
        },
        "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 Platinum. This information is crucial for traders looking to make informed buying and selling decisions.

{
        "success": true,
        "timestamp": 1746507621,
        "base": "USD",
        "date": "2025-05-06",
        "rates": {
            "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 quickly.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XPT",
            "amount": 1000
        },
        "info": {
            "timestamp": 1746507621,
            "rate": 0.000912
        },
        "result": 0.912,
        "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 beneficial for analyzing price trends over specific periods, enabling developers to create insightful visualizations and reports.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-04-29",
        "end_date": "2025-05-06",
        "base": "USD",
        "rates": {
            "2025-05-06": {
                "XPT": 0.000912
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation endpoint provides information about how prices fluctuate on a day-to-day basis. This data is essential for traders who need to understand market volatility and make strategic decisions accordingly.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-04-29",
        "end_date": "2025-05-06",
        "base": "USD",
        "rates": {
            "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 OHLC Price endpoint allows users to retrieve 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": 1746507621,
        "base": "USD",
        "date": "2025-05-06",
        "rates": {
            "XPT": {
                "open": 0.000915,
                "high": 0.000918,
                "low": 0.000910,
                "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 users interested in the London Metal Exchange prices.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including Platinum (XPT). For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data on Platinum and other metals. With its extensive range of endpoints, the API empowers users to create innovative applications that can analyze market trends and provide insights into pricing fluctuations. By leveraging the capabilities of the Metals-API, developers can stay ahead in the competitive metals market, making informed decisions based on accurate and timely data.

For more information on how to implement the Metals-API in your applications, be sure to check out the Metals-API Documentation. This resource provides comprehensive guidance on using the API effectively, including detailed explanations of each endpoint and its functionalities.