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Retrieve Invesco DB Precious Metals Fund (DBP) prices through this API

Retrieve Invesco DB Precious Metals Fund (DBP) prices through this API

Retrieve Invesco DB Precious Metals Fund (DBP) prices through this API

Retrieve Invesco DB Precious Metals Fund (DBP) Prices Through This API

The Invesco DB Precious Metals Fund (DBP) is a significant player in the precious metals market, providing investors with exposure to gold and silver prices. In today's digital age, accessing real-time data on precious metals is crucial for making informed investment decisions. This is where the Metals-API comes into play, offering developers a powerful tool to retrieve up-to-date information on various metals, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). In this blog post, we will delve into the capabilities of the Metals-API, explore its endpoints, and discuss how it can be utilized to enhance your applications.

Metals-API Information

About Neodymium (ND)

Neodymium, while not a precious metal like gold or silver, represents the broader category of rare earth metals that are increasingly vital in modern technology. The digital transformation in metal markets has been driven by technological innovation and advancements in data analytics. As industries evolve, the integration of smart technology into metal trading and investment platforms is becoming more prevalent. The future trends indicate a growing reliance on real-time data and analytics to inform decisions in the metal markets.

With the rise of data analytics, developers can harness insights from the Metals-API to create applications that provide users with valuable information about market trends, price fluctuations, and historical data analysis. This integration of smart technology not only enhances user experience but also empowers investors to make data-driven decisions.

API Description

The Metals-API is designed to provide developers with real-time and historical data on precious metals. Its capabilities extend beyond simple price retrieval; it empowers developers to build next-generation applications that can analyze trends, forecast prices, and provide insights into market dynamics. The API is structured to deliver data in a user-friendly format, making it easy to integrate into various applications.

For detailed information on how to get started, refer to the Metals-API Documentation, which outlines the various endpoints, authentication methods, and response structures.

Key Features and Endpoints

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

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes, ensuring you have the most current information at your fingertips.
  • Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past prices, allowing for comprehensive market analysis.
  • Bid And Ask Endpoint: This feature enables you to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: Easily convert amounts from one metal to another or to/from USD. This is particularly useful for applications that require currency conversion for pricing.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, enabling trend analysis over specific periods.
  • Fluctuation Endpoint: Track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility.
  • Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and those in the jewelry industry.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for a specified date, helping investors identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Access open, high, low, and close prices for a specific time period, which is vital 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: Your unique API key is essential for accessing the API and must be included in your requests.
  • API Response: The API delivers exchange rates relative to USD, with all data returned in a structured JSON format.
  • Available Endpoints: The Metals-API offers multiple endpoints, each providing different functionalities to cater to various user needs.
  • Supported Symbols Endpoint: This endpoint returns all available currencies, ensuring you have access to the latest symbols.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, helping you stay informed about market developments.

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.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1745200876,
    "base": "USD",
    "date": "2025-04-21",
    "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": 1745114476,
    "base": "USD",
    "date": "2025-04-20",
    "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": "2025-04-14",
    "end_date": "2025-04-21",
    "base": "USD",
    "rates": {
        "2025-04-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-21": {
            "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": 1745200876,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-14",
    "end_date": "2025-04-21",
    "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) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1745200876,
    "base": "USD",
    "date": "2025-04-21",
    "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": 1745200876,
    "base": "USD",
    "date": "2025-04-21",
    "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"
}

Conclusion

The Metals-API is a powerful tool for developers looking to integrate real-time and historical data on precious metals into their applications. With a wide range of endpoints, including the latest rates, historical data, and conversion capabilities, the API provides the necessary tools to analyze market trends and make informed decisions. By leveraging the capabilities of the Metals-API, developers can create innovative applications that enhance user experience and provide valuable insights into the precious metals market.

For more information on how to get started, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage. Don't forget to check the Metals-API Supported Symbols page for a comprehensive list of available metal symbols.

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