Retrieve Rhodium (XRH) prices using this API

Retrieve Rhodium (XRH) Prices Using This API

In the rapidly evolving landscape of metal markets, the ability to access real-time data is crucial for developers and businesses alike. One such metal that has gained significant attention is Rhodium (XRH). This blog post will delve into the intricacies of Rhodium, its markets, and how the Metals-API can be utilized to retrieve its prices effectively. We will explore the digital transformation in metal markets, technological innovations, and the future trends that are shaping this industry.

About Rhodium (XRH)

Rhodium, represented by the symbol XRH, is a rare and precious metal that has become increasingly valuable due to its unique properties and applications. It is primarily used in catalytic converters for automobiles, which help reduce harmful emissions. As the automotive industry shifts towards greener technologies, the demand for Rhodium is expected to rise, making it a focal point for investors and developers looking to capitalize on market trends.

The digital transformation in metal markets has led to a surge in the use of data analytics and insights. With the integration of smart technologies, businesses can now make informed decisions based on real-time data. The Metals-API plays a pivotal role in this transformation by providing developers with the tools they need to access and analyze metal prices, including Rhodium.

API Description

The Metals-API is a powerful tool that allows developers to retrieve real-time and historical data for various metals, including Rhodium. This API is designed to empower developers to build next-generation applications that can leverage real-time metals data for trading, investment analysis, and market research. By utilizing the Metals-API, developers can access a wealth of information that can drive innovation and technological advancement in the metal markets.

For more detailed information about the API, you can visit the Metals-API Documentation. This resource provides comprehensive guidance on how to implement the API effectively.

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: 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 developers who need up-to-the-minute pricing for Rhodium and other metals.
Historical Rates Endpoint: Access historical rates for most metals dating back to 2019. By appending a date to your query, you can retrieve past prices, which is invaluable for trend analysis and forecasting.
Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time Bid and Ask prices for Rhodium, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: This endpoint enables you to convert any amount from one metal to another or to/from USD. This is particularly useful for developers looking to create applications that require currency conversion functionalities.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is beneficial for analyzing price movements over time.
Fluctuation Endpoint: Retrieve information about how Rhodium prices fluctuate on a day-to-day basis. This endpoint can help developers understand market volatility and make informed trading decisions.
Carat Endpoint: Access information about Gold rates by Carat, which can be useful for applications that deal with precious metals in various forms.
Lowest/Highest Price Endpoint: This endpoint allows you to query the API to get the lowest and highest price of Rhodium over a specified period, aiding in price analysis.
Open/High/Low/Close (OHLC) Price Endpoint: Retrieve OHLC data for a specific time period, which is crucial for technical analysis and trading strategies.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term perspective on metal prices.
API Key: Your API Key is essential for accessing the API and is passed into the API base URL's access_key parameter.
API Response: The exchange rates delivered by the Metals-API are by default relative to USD, ensuring consistency across data retrieval.
Available Endpoints: The Metals-API comes with numerous endpoints, each providing different functionalities tailored to meet diverse needs.
Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metals, ensuring you have access to the latest information.
Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which can be useful for regional market analysis.
News Endpoint: Stay updated with the latest news articles related to various metals, helping you keep track of market trends and developments.

For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1751644817,
    "base": "USD",
    "date": "2025-07-04",
    "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"
}

This response indicates that the API call was successful and provides the latest exchange rates for various metals, including Rhodium.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1751558417,
    "base": "USD",
    "date": "2025-07-03",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to access historical rates, providing valuable data for trend analysis.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-27",
    "end_date": "2025-07-04",
    "base": "USD",
    "rates": {
        "2025-06-27": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-29": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-04": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily historical rates between two specified dates, allowing for comprehensive analysis of price movements.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1751644817,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The Convert Endpoint allows you to convert amounts between different metals and currencies, providing flexibility for various applications.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-27",
    "end_date": "2025-07-04",
    "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 tracks rate fluctuations, providing insights into market volatility over a specified period.

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

{
    "success": true,
    "timestamp": 1751644817,
    "base": "USD",
    "date": "2025-07-04",
    "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 essential OHLC data, which is crucial for traders and analysts looking to make informed decisions based on market trends.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1751644817,
    "base": "USD",
    "date": "2025-07-04",
    "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 provides current bid and ask prices, which are essential for understanding market dynamics and making trading decisions.

Conclusion

The Metals-API is an invaluable resource for developers looking to access real-time and historical data for Rhodium and other metals. By leveraging the various endpoints offered by the API, developers can create innovative applications that provide insights into market trends, facilitate trading, and enhance decision-making processes.

As the metal markets continue to evolve, the integration of smart technology and data analytics will play a crucial role in shaping the future of this industry. The ability to access accurate and timely data through the Metals-API empowers developers to stay ahead of the curve and capitalize on emerging opportunities.

For more information on how to implement the Metals-API in your projects, visit the Metals-API Website and explore the extensive Metals-API Documentation for detailed guidance. Stay informed about the latest trends and developments in the metal markets by checking the Metals-API Supported Symbols page.

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Retrieve Rhodium (XRH) prices using this API