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Retrieve Ruthenium (RUTH) Historical Prices through this API

Retrieve Ruthenium (RUTH) Historical Prices through this API

Retrieve Ruthenium (RUTH) Historical Prices through this API

In the rapidly evolving world of digital finance, the ability to access and analyze historical prices of metals is crucial for developers, traders, and analysts alike. One such metal that has garnered attention is Ruthenium (RUTH), a rare transition metal that plays a significant role in various industrial applications. In this blog post, we will explore how to retrieve historical prices for Ruthenium using the Metals-API, a powerful tool that provides real-time and historical data for a wide range of metals.

Understanding Ruthenium (RUTH)

Ruthenium is a member of the platinum group of metals and is known for its hardness and resistance to corrosion. Its applications range from electronics to chemical catalysts, making it a valuable asset in various industries. As the demand for Ruthenium continues to grow, so does the need for accurate pricing data. This is where the Metals-API comes into play, offering developers the ability to access historical price data seamlessly.

Digital Transformation in Metal Markets

The metal markets are undergoing a significant digital transformation, driven by advancements in technology and data analytics. The Metals-API is at the forefront of this transformation, providing developers with the tools they need to build applications that leverage real-time and historical metal pricing data. By integrating this API into their applications, developers can create solutions that offer insights into market trends, price fluctuations, and investment opportunities.

Technological Innovation and Advancement

With the rise of smart technology integration, the Metals-API stands out as a beacon of innovation. It allows users to access a plethora of endpoints, each designed to cater to specific needs. For instance, the Latest Rates Endpoint provides real-time exchange rate data, while the Historical Rates Endpoint allows users to query historical prices dating back to 2019. This level of accessibility empowers developers to create applications that can analyze trends over time, providing valuable insights into the market dynamics of metals like Ruthenium.

Data Analytics and Insights

Data analytics plays a crucial role in understanding market behavior. The Metals-API offers various endpoints that enable developers to gather and analyze data effectively. For example, the Time-Series Endpoint allows users to retrieve daily historical rates between two specified dates. This feature is particularly useful for developers looking to analyze price trends over a specific period, enabling them to make informed decisions based on historical data.

Future Trends and Possibilities

As the demand for metals continues to rise, the future of metal pricing data looks promising. The Metals-API is continuously evolving, with new features and enhancements being added regularly. Developers can expect to see improvements in data accuracy, response times, and additional endpoints that cater to emerging market needs. By staying ahead of these trends, developers can ensure their applications remain relevant and valuable in a competitive landscape.

API Description

The Metals-API is a comprehensive solution for accessing metal pricing data. It offers a wide range of features that cater to various needs, from real-time pricing to historical data analysis. The API is designed with developers in mind, providing clear documentation and easy-to-use endpoints. For more detailed information, you can refer to the Metals-API Documentation.

Key Features and Endpoints

The Metals-API boasts several key features that enhance its usability:

  • 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 feature is essential for applications that require up-to-the-minute 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 call, developers can retrieve historical prices for Ruthenium and other metals, allowing for in-depth analysis.
  • Bid and Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice, enabling them to analyze trends and fluctuations over time.
  • Fluctuation Endpoint: This endpoint provides information about how prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
  • Carat Endpoint: Users can retrieve information about gold rates by carat, which is particularly useful for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest prices for a specified date.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, which is essential for technical analysis.
  • Historical LME Endpoint: Users can access historical rates for LME symbols dating back to 2008, providing a wealth of data for analysis.
  • API Key: Each user is assigned a unique API key that must be included in API requests to authenticate access.
  • API Response: The API returns exchange rates relative to USD by default, ensuring consistency in data presentation.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals, ensuring developers have access to the latest information.
  • Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for traders in that region.
  • News Endpoint: The API allows users to retrieve the latest news articles related to various metals, keeping developers informed about market trends.

API Endpoint Examples and Responses

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1745647317,
    "base": "USD",
    "date": "2025-04-26",
    "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 prices for various metals, including Ruthenium.

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. Here’s an example response:

{
    "success": true,
    "timestamp": 1745560917,
    "base": "USD",
    "date": "2025-04-25",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical pricing data, which can be invaluable for trend analysis and forecasting.

Time-Series Endpoint

The Time-Series Endpoint allows developers to retrieve exchange rates for a specific time period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-19",
    "end_date": "2025-04-26",
    "base": "USD",
    "rates": {
        "2025-04-19": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-21": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-26": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint is particularly useful for developers looking to analyze trends over a specified period, allowing for deeper insights into market behavior.

Convert Endpoint

The Convert Endpoint allows users to convert any amount 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": 1745647317,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This feature is essential for applications that require currency conversion, enabling users to perform calculations effortlessly.

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how prices fluctuate between two dates. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-19",
    "end_date": "2025-04-26",
    "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 endpoint is crucial for understanding market volatility and making informed trading decisions.

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

The OHLC Price Endpoint provides open, high, low, and close prices for a specific date. Here’s an example response:

{
    "success": true,
    "timestamp": 1745647317,
    "base": "USD",
    "date": "2025-04-26",
    "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 data is essential for technical analysis, allowing traders to make informed decisions based on price movements.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1745647317,
    "base": "USD",
    "date": "2025-04-26",
    "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 endpoint is vital for traders looking to understand market liquidity and pricing dynamics.

Conclusion

In conclusion, the Metals-API provides a robust and comprehensive solution for accessing historical prices of metals like Ruthenium. With its wide range of endpoints and features, developers can build applications that leverage real-time and historical data to gain insights into market trends and fluctuations. By utilizing the Metals-API Documentation, developers can explore the full capabilities of the API and integrate it into their applications seamlessly. The future of metal pricing data is bright, and with the right tools, developers can stay ahead of the curve in this dynamic market.

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