How to Get Real-Time Platinum Bid (XPT-BID) Prices via API Integration with Metals-API
How to Get Real-Time Platinum Bid (XPT-BID) Prices via API Integration with Metals-API
In today's fast-paced financial landscape, accessing real-time market data is crucial for developers and businesses involved in trading and investment. One of the most sought-after metals in the market is Platinum, represented by the symbol XPT. This blog post will guide you through the process of accessing real-time Platinum bid prices using the Metals-API. We will explore the API's capabilities, provide step-by-step instructions, and present example API calls to help you integrate this powerful tool into your applications.
Metals-API Information
The Metals-API is a robust platform that provides real-time and historical data for various metals, including Platinum. It empowers developers to create innovative applications that can leverage real-time pricing data, historical trends, and market fluctuations. With the growing importance of metals in green technology applications and sustainable innovation, having access to accurate and timely data is more critical than ever.
About Platinum (XPT)
Platinum is not just a precious metal; it plays a vital role in various industries, particularly in green technology applications. Its catalytic properties make it essential in the production of clean energy solutions, such as fuel cells and catalytic converters in vehicles. As the world shifts towards sustainable innovation, the demand for Platinum is expected to rise, making real-time pricing data invaluable for traders and investors.
Moreover, the integration of smart technology in trading platforms allows for more efficient decision-making processes. By utilizing the Metals-API, developers can create applications that provide insights into market trends, enabling users to make informed decisions based on real-time data.
API Description
The Metals-API offers a wide range of features that cater to different needs in the financial sector. Its capabilities include:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated at intervals depending on your subscription plan. You can receive updates every 60 minutes, every 10 minutes, or even more frequently.
- Historical Rates Endpoint: Access historical rates dating back to 2019. This feature allows you to analyze trends and make predictions based on past performance.
- Bid And Ask Endpoint: Retrieve real-time bid and ask prices for Platinum and other metals, giving you insights into market liquidity.
- Convert Endpoint: Easily convert amounts between different metals or to/from USD, facilitating seamless transactions.
- Time-Series Endpoint: Query daily historical rates between two dates, allowing for in-depth analysis of market movements over time.
- Fluctuation Endpoint: Track how prices fluctuate on a day-to-day basis, providing insights into market volatility.
- Carat Endpoint: Retrieve information about Gold rates by Carat, useful for jewelers and traders.
- Lowest/Highest Price Endpoint: Get the lowest and highest prices for a specified date, helping you identify market extremes.
- Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for a specific time period, essential for technical analysis.
- Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, useful for traders focusing on industrial metals.
- API Key: Your unique key is required for authentication, ensuring secure access to the API.
- API Response: The API returns exchange rates relative to USD, with all data provided in a structured JSON format.
- Available Endpoints: The Metals-API includes 14 different endpoints, each offering unique functionalities tailored to various needs.
- Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available currencies and metals.
- News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.
For a complete list of supported symbols, including Platinum, visit the Metals-API Supported Symbols page.
Key Features and Endpoints
To effectively utilize the Metals-API, understanding its key features and endpoints is essential. Below, we will explore some of the most important endpoints and provide examples of how to use them.
Latest Rates Endpoint
The Latest Rates Endpoint allows you to get real-time exchange rates for all available metals, including Platinum. This endpoint is crucial for traders who need up-to-the-minute pricing information. Here’s how to use it:
{
"success": true,
"timestamp": 1763510998,
"base": "USD",
"date": "2025-11-19",
"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 price of Platinum (XPT) along with other metals, all quoted in terms of USD per troy ounce.
Historical Rates Endpoint
Accessing historical rates is vital for analyzing trends and making informed decisions. The Historical Rates Endpoint allows you to query rates for any date since 1999. Here’s an example:
{
"success": true,
"timestamp": 1763424598,
"base": "USD",
"date": "2025-11-18",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}
This response shows the historical price of Platinum on a specific date, allowing traders to analyze past performance.
Time-Series Endpoint
The Time-Series Endpoint enables you to retrieve exchange rates for a specific period. This is particularly useful for analyzing trends over time. Here’s an example:
{
"success": true,
"timeseries": true,
"start_date": "2025-11-12",
"end_date": "2025-11-19",
"base": "USD",
"rates": {
"2025-11-12": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-11-14": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-11-19": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}
This response provides daily rates for Platinum over a specified period, allowing for comprehensive trend analysis.
Convert Endpoint
The Convert Endpoint is a powerful feature that allows you to convert any amount from one metal to another or to/from USD. Here’s an example of how it works:
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1763510998,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
This response indicates that 1000 USD is equivalent to 0.482 troy ounces of Gold (XAU), showcasing the conversion capabilities of the API.
Fluctuation Endpoint
The Fluctuation Endpoint allows you to track rate fluctuations between two dates, providing insights into market volatility. Here’s an example:
{
"success": true,
"fluctuation": true,
"start_date": "2025-11-12",
"end_date": "2025-11-19",
"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 detailed information about how Platinum's price fluctuated over the specified period, including the percentage change.
Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price Endpoint provides essential data for technical analysis by offering the open, high, low, and close prices for a specific time period. Here’s an example:
{
"success": true,
"timestamp": 1763510998,
"base": "USD",
"date": "2025-11-19",
"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 a comprehensive view of Platinum's price movements, essential for traders looking to make informed decisions based on market trends.
Bid/Ask Endpoint
The Bid/Ask Endpoint is crucial for understanding market liquidity. It provides the current bid and ask prices for metals, including Platinum. Here’s an example:
{
"success": true,
"timestamp": 1763510998,
"base": "USD",
"date": "2025-11-19",
"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 shows the current bid and ask prices for Platinum, along with the spread, which is essential for traders looking to execute orders efficiently.
Conclusion
Integrating the Metals-API into your applications provides a powerful tool for accessing real-time Platinum bid prices and other valuable market data. By leveraging the various endpoints, developers can create innovative solutions that enhance trading strategies and provide users with the insights they need to make informed decisions.
As the demand for Platinum continues to grow in green technology and sustainable innovation, having access to accurate and timely data will be crucial for traders and investors alike. For more information on how to get started, refer to the Metals-API Documentation and explore the extensive capabilities of this API.
By utilizing the Metals-API, you can stay ahead in the competitive world of metal trading, ensuring that you have the most accurate and up-to-date information at your fingertips.