Track Bismuth (BMTH) prices using this API

Track Bismuth (BMTH) Prices Using This API

In the rapidly evolving landscape of metal markets, tracking prices accurately and efficiently is crucial for developers and businesses alike. Bismuth (BMTH) is one of the lesser-known metals, yet it plays a significant role in various industries, from pharmaceuticals to electronics. In this blog post, we will explore how to track Bismuth prices using the Metals-API, a powerful tool that provides real-time data and analytics for various metals, including Bismuth. We will delve into the API's capabilities, its endpoints, and how it can empower developers to create innovative applications that leverage real-time metals data.

About Bismuth (BMTH)

Bismuth is a post-transition metal that is known for its low toxicity and unique properties, making it an attractive alternative to lead in various applications. As industries increasingly focus on sustainability and safety, Bismuth has gained traction in sectors such as cosmetics, pharmaceuticals, and electronics. The digital transformation in metal markets has opened new avenues for tracking and analyzing metal prices, and Bismuth is no exception.

Technological innovation and advancement in data analytics have made it possible to integrate smart technologies into metal trading. The Metals-API provides developers with the tools needed to harness the power of data analytics, offering insights that can drive decision-making and strategy in metal trading. As we look to the future, the possibilities for Bismuth and other metals are vast, with trends indicating a growing demand for real-time data and analytics in the market.

API Description

The Metals-API is designed to provide developers with comprehensive access to real-time and historical metal prices, including Bismuth. This API is a game-changer for those looking to build next-generation applications that require accurate and timely data. With its robust architecture, the Metals-API allows for seamless integration into various platforms, enabling developers to create applications that can track price fluctuations, analyze historical trends, and convert between different metal currencies.

One of the standout features of the Metals-API is its ability to deliver real-time data updates. Depending on your subscription plan, the API can provide updates every 60 minutes, every 10 minutes, or even more frequently, ensuring that you always have the latest information at your fingertips. This capability is essential for developers who need to make informed decisions based on the most current market conditions.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs and use cases. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Bismuth and other metals. Depending on your subscription plan, you can receive updates at varying intervals, ensuring that you have the most current pricing information.
Historical Rates Endpoint: Access historical rates for Bismuth dating back to 2019. This feature allows you to analyze trends over time, which can be invaluable for forecasting and strategic planning.
Bid And Ask Endpoint: Retrieve real-time bid and ask prices for Bismuth. This endpoint is particularly useful for traders looking to make informed buying and selling decisions.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing you to convert any amount of Bismuth from one currency to another. This feature is essential for businesses operating in multiple markets.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is perfect for analyzing price movements over specific periods.
Fluctuation Endpoint: Track how Bismuth prices fluctuate on a day-to-day basis. This feature provides insights into market volatility and can help inform trading strategies.
Carat Endpoint: While primarily focused on precious metals, this endpoint allows you to retrieve information about gold rates by carat, which can be useful for comparative analysis.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of Bismuth over a specified period, helping you identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for Bismuth, allowing for detailed market analysis.
Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, which can be crucial for understanding long-term market trends.
API Key: Your unique API key is essential for accessing the Metals-API. It must be included in your requests to authenticate your access.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency across your data.
Available Endpoints: The Metals-API offers a comprehensive list of endpoints, each providing different functionalities tailored to your needs.
Supported Symbols Endpoint: This endpoint returns all available currencies, allowing you to stay updated on the latest symbols.
Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which can be useful for comparative analysis with Bismuth.
News Endpoint: Stay informed with the latest news articles related to various metals, including Bismuth, to keep abreast of 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. This resource is invaluable for developers looking to integrate multiple metal types into their applications.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals, including Bismuth:

{
    "success": true,
    "timestamp": 1748322015,
    "base": "USD",
    "date": "2025-05-27",
    "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": 1748235615,
    "base": "USD",
    "date": "2025-05-26",
    "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": "2025-05-20",
    "end_date": "2025-05-27",
    "base": "USD",
    "rates": {
        "2025-05-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-27": {
            "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": 1748322015,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "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": 1748322015,
    "base": "USD",
    "date": "2025-05-27",
    "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": 1748322015,
    "base": "USD",
    "date": "2025-05-27",
    "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

In conclusion, tracking Bismuth prices using the Metals-API is not only feasible but also highly efficient. The API's extensive features, including real-time updates, historical data access, and various endpoints for conversion and fluctuation tracking, empower developers to create robust applications tailored to the metal market's needs. As industries continue to embrace digital transformation, the importance of accurate and timely data cannot be overstated. By leveraging the capabilities of the Metals-API, developers can stay ahead of market trends and make informed decisions that drive success.

For more information on how to implement these features and to explore the full range of capabilities offered by the Metals-API, visit the Metals-API Documentation. To stay updated on the latest symbols and their specifications, check out the Metals-API Supported Symbols page. The future of metal trading is here, and with the right tools, you can be at the forefront of this exciting evolution.

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Track Bismuth (BMTH) prices using this API