Get Accurate Platinum (XPT) Historical Prices using this API for Financial Reporting

In the ever-evolving landscape of financial reporting, accurate and timely data is paramount. For those dealing with precious metals, obtaining precise historical prices is crucial for analysis and decision-making. This blog post will delve into how to get accurate Platinum (XPT) historical prices using the Metals-API, a powerful tool designed for developers and financial analysts alike. With its innovative features and real-time data capabilities, Metals-API stands out as a go-to resource for anyone looking to integrate metals pricing into their applications.

About Platinum (XPT)

Platinum, represented by the symbol XPT, is a precious metal known for its rarity and unique properties. It plays a significant role in various industries, including automotive, jewelry, and electronics. As the world shifts towards green technology applications and sustainable innovation, the demand for platinum is expected to rise. Its catalytic properties make it essential in clean energy solutions, such as fuel cells, which are pivotal in the transition to a more sustainable future.

Moreover, the integration of smart technology into industries has opened new avenues for platinum usage. From advanced manufacturing processes to digital transformation in finance, platinum's versatility is being harnessed in innovative ways. Understanding the historical prices of platinum is vital for stakeholders in these sectors, as it allows for informed decision-making and strategic planning.

Metals-API Overview

The Metals-API is a robust JSON API that provides real-time and historical data for various metals, including platinum. It empowers developers to build next-generation applications by offering a suite of endpoints designed to cater to different data needs. With the ability to access real-time exchange rates, historical data, and market fluctuations, the Metals-API is an invaluable resource for financial reporting and analysis.

For more detailed information, you can refer to the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively.

Key Features of Metals-API

The Metals-API offers a variety of endpoints that cater to different data retrieval needs. Here are some of the key 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 updates every 60 minutes, every 10 minutes, or even more frequently. This feature is particularly useful for traders and analysts who require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1757476829,
    "base": "USD",
    "date": "2025-09-10",
    "rates": {
        "XPT": 0.000912
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is essential for trend analysis and forecasting. The Historical Rates endpoint allows users to retrieve historical prices for platinum dating back to 2019. By appending a specific date to the API request, developers can obtain the price of platinum on that date, enabling comprehensive historical analysis.

{
    "success": true,
    "timestamp": 1757390429,
    "base": "USD",
    "date": "2025-09-09",
    "rates": {
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

The Time-Series endpoint is a powerful feature that allows users to query daily historical rates between two specified dates. This is particularly useful for analyzing price trends over time and understanding market behavior.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-09-03",
    "end_date": "2025-09-10",
    "base": "USD",
    "rates": {
        "2025-09-03": {
            "XPT": 0.000915
        },
        "2025-09-10": {
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert endpoint allows users to convert amounts between different metals or to/from USD. This feature is particularly useful for financial analysts who need to compare the value of platinum against other metals or currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XPT",
        "amount": 1000
    },
    "info": {
        "timestamp": 1757476829,
        "rate": 0.000912
    },
    "result": 0.912,
    "unit": "troy ounces"
}

Fluctuation Endpoint

The Fluctuation endpoint provides insights into how the price of platinum fluctuates over a specified period. This is crucial for understanding market volatility and making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-09-03",
    "end_date": "2025-09-10",
    "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 platinum over a specified time period. This data is essential for traders who rely on candlestick charts and other technical analysis tools.

{
    "success": true,
    "timestamp": 1757476829,
    "base": "USD",
    "date": "2025-09-10",
    "rates": {
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.000910,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

The Bid/Ask endpoint provides the current bid and ask prices for platinum, which is crucial for traders looking to execute buy or sell orders. Understanding the spread between these prices can help in making strategic trading decisions.

{
    "success": true,
    "timestamp": 1757476829,
    "base": "USD",
    "date": "2025-09-10",
    "rates": {
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Authentication and API Key

To access the Metals-API, users must obtain an API key. This unique key is passed into the API base URL's access_key parameter. Proper authentication ensures that only authorized users can access the data, maintaining the integrity and security of the API.

Performance Considerations

When integrating the Metals-API into applications, developers should consider performance optimization strategies. This includes understanding rate limits and quota management to avoid exceeding usage limits. Additionally, implementing caching mechanisms can enhance performance by reducing the number of API calls needed for frequently accessed data.

Common Pitfalls and Troubleshooting

Developers may encounter common pitfalls when using the Metals-API, such as incorrect API key usage or misunderstanding response formats. It is essential to refer to the Metals-API Documentation for detailed guidance on troubleshooting and resolving these issues.

Conclusion

In conclusion, the Metals-API provides a comprehensive solution for obtaining accurate Platinum (XPT) historical prices and real-time data. With its diverse range of endpoints, developers can access essential information for financial reporting and analysis. By leveraging the capabilities of the Metals-API, stakeholders in various industries can make informed decisions based on reliable data. For a complete list of supported symbols, visit the Metals-API Supported Symbols page. To start utilizing the API, explore the Metals-API Website for more information.