Home
Blog
Obtain Platinum Bid (XPT-BID) Historical Prices via this API

Obtain Platinum Bid (XPT-BID) Historical Prices via this API

Obtain Platinum Bid (XPT-BID) Historical Prices via this API

In the ever-evolving world of precious metals, obtaining accurate historical prices is crucial for investors, analysts, and developers alike. One of the most sought-after metals is Platinum, represented by the symbol XPT. This blog post will delve into how you can obtain historical prices for Platinum Bid (XPT-BID) using the Metals-API. We will explore the capabilities of the Metals-API, its innovative features, and how it can empower developers to create next-generation applications that leverage real-time metals data.

About Platinum (XPT)

Platinum is a precious metal that has gained significant attention due to its unique properties and applications. It is widely used in various industries, including automotive, electronics, and jewelry. As the world shifts towards green technology and sustainable innovation, Platinum's role is becoming increasingly vital. For instance, it is a key component in catalytic converters, which help reduce harmful emissions from vehicles, thus contributing to cleaner air and a healthier environment.

Moreover, Platinum is at the forefront of clean energy solutions. Its use in fuel cells, which convert hydrogen into electricity, is a promising technology for sustainable energy. As digital transformation continues to reshape industries, the integration of smart technologies with Platinum applications is paving the way for innovative solutions that enhance efficiency and reduce environmental impact.

Metals-API Overview

The Metals-API is a powerful tool designed to provide developers with access to real-time and historical data for various metals, including Platinum. This API is built with innovation in mind, offering a range of endpoints that allow users to retrieve the latest rates, historical prices, and much more. By leveraging the Metals-API, developers can create applications that provide valuable insights into metal prices, enabling informed decision-making.

Key Features of Metals-API

The Metals-API offers several key features that enhance its usability and functionality:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This ensures that users have access to the most current pricing information.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve past pricing data for analysis and reporting.
  • Bid and Ask Endpoint: This feature allows users to retrieve real-time Bid and Ask prices for metals, providing insights into market dynamics and facilitating trading decisions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD, making it easier to manage transactions across different currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two selected dates, providing a comprehensive view of price trends over time.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, which is essential for understanding market volatility and making informed investment decisions.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed pricing information, including the opening, highest, lowest, and closing prices for a specific time period, which is crucial for technical analysis.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, allowing for quick assessments of market performance.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering valuable data for traders and analysts.
  • API Key: Each user is assigned a unique API key, which is essential for accessing the API and ensuring secure transactions.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, and all data is returned in a structured JSON format, making it easy to integrate into applications.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring users have access to the latest information on supported symbols.
  • News Endpoint: The Metals-API also provides access to the latest news articles related to various metals, keeping users informed about market trends and developments.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of the API responses is crucial for effective data utilization. Here are some examples of the JSON responses you can expect from various endpoints:

Latest Rates Endpoint

This endpoint provides real-time exchange rates for all available metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1748919665,
    "base": "USD",
    "date": "2025-06-03",
    "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"
}

In this response, the rates object contains the current exchange rates for various metals, including Platinum (XPT). The unit indicates that these rates are measured per troy ounce.

Historical Rates Endpoint

Accessing historical exchange rates is straightforward. Here’s an example response:

{
    "success": true,
    "timestamp": 1748833265,
    "base": "USD",
    "date": "2025-06-02",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response indicates the historical rates for the specified date, allowing users to analyze price trends over time.

Time-Series Endpoint

The time-series endpoint provides exchange rates for a specific time period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-27",
    "end_date": "2025-06-03",
    "base": "USD",
    "rates": {
        "2025-05-27": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-29": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-03": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a comprehensive view of how Platinum prices have changed over the specified period, which is invaluable for trend analysis.

Convert Endpoint

The convert endpoint allows users to convert amounts from one metal to another or to/from USD. Here’s an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748919665,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the conversion of 1000 USD into troy ounces of Gold (XAU), illustrating the API's versatility in handling different currencies.

Fluctuation Endpoint

Tracking rate fluctuations is essential for understanding market dynamics. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-27",
    "end_date": "2025-06-03",
    "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 Platinum prices have fluctuated over the specified period, which is crucial for traders looking to capitalize on market movements.

OHLC (Open/High/Low/Close) Price Endpoint

For technical analysis, the OHLC endpoint is invaluable. Here’s an example response:

{
    "success": true,
    "timestamp": 1748919665,
    "base": "USD",
    "date": "2025-06-03",
    "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 response provides the opening, highest, lowest, and closing prices for Platinum, which are essential for traders conducting technical analysis.

Bid/Ask Endpoint

Finally, the Bid/Ask endpoint provides current bid and ask prices for metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1748919665,
    "base": "USD",
    "date": "2025-06-03",
    "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 for Platinum, which are essential for traders looking to execute buy or sell orders.

Practical Use Cases and Integration Strategies

The Metals-API can be integrated into various applications to enhance functionality and provide valuable insights. Here are some practical use cases:

Investment Analysis Tools

Developers can create investment analysis tools that leverage historical pricing data to help users make informed decisions. By utilizing the Historical Rates and Time-Series endpoints, these tools can provide users with insights into price trends, helping them identify optimal buying and selling opportunities.

Trading Platforms

For trading platforms, integrating the Bid/Ask and Latest Rates endpoints can provide users with real-time pricing information, enabling them to execute trades based on the most current market data. Additionally, the OHLC endpoint can assist traders in conducting technical analysis to inform their trading strategies.

Market Research Applications

Market researchers can utilize the Fluctuation and Historical Rates endpoints to analyze price volatility and trends over time. This data can be invaluable for generating reports and insights that inform investment strategies and market predictions.

Financial Dashboards

Developers can create financial dashboards that display real-time and historical pricing data for various metals, including Platinum. By integrating multiple endpoints, these dashboards can provide users with a comprehensive view of market performance, enabling them to track their investments effectively.

Conclusion

In conclusion, obtaining historical prices for Platinum Bid (XPT-BID) is made easy with the Metals-API. This powerful API offers a range of features that empower developers to create innovative applications that leverage real-time and historical metals data. By understanding the capabilities of the Metals-API and how to effectively utilize its endpoints, developers can build tools that provide valuable insights into the precious metals market.

Whether you are creating investment analysis tools, trading platforms, or market research applications, the Metals-API provides the necessary data and functionality to enhance your projects. For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals.

Ready to use Metals-API?

Try it now!

Search

Related Posts

Recent Posts