In the realm of precious metal trading, access to real-time and accurate data is the lifeblood of successful transactions. The BullionVault API has been a prominent choice for traders seeking this vital information. In this article, we will delve into the significance of using the BullionVault API, its primary functions, benefits, and limitations. We’ll also introduce you to a range of BullionVault API Alternatives like Metals-API that cater to various needs in the precious metal market.
What Is BullionVault API?
The BullionVault API is a versatile tool that empowers traders with access to a treasure trove of precious metal data. It serves as a gateway to information on gold, silver, platinum, palladium, and more. With its user-friendly features, it offers real-time data, metals symbols, and a comprehensive look at various markets.
Limitations of BullionVault API
While the BullionVault API is a robust choice, it’s not without its limitations. Users have reported issues related to data accuracy, flexibility, and customizability. These limitations might prompt some traders to seek alternative options.
BullionVault API Alternatives: Kitco API
For those in search of a reliable alternative, the Kitco API is a compelling choice. It offers a rich set of features and benefits, providing data on gold, silver, platinum, and palladium, among others. Kitco’s long-standing reputation as a precious metal data provider adds to its appeal.
BullionVault API Alternatives #2: Metals-API
Metals-API presents itself as another viable option for accessing precious metal data. With features like real-time and historical data, it’s a versatile choice for traders. It caters to those seeking data on metals like gold, silver, and more.
Alternative 3: Xignite
If you’re in search of a comprehensive source for precious metal data, Xignite is a standout option. It offers unique offerings and capabilities in the context of API usage. With a vast array of data on precious metals, Xignite is a one-stop solution for traders.
Alternative 4: MetalPrices API
The MetalPrices API stands out as a specialized solution for real-time metal prices. Its features make it a valuable alternative for traders who require precision and accuracy in their data.
Alternative 5: Alpha Vantage
For those looking for a versatile option, Alpha Vantage covers not only precious metals but also various financial data. Its compatibility with precious metal trading and competitive pricing makes it an option worth considering.
Why Do We Recommend Metals-API As The Best Alternative?
What started as a simple, lightweight open-source project, Metals-API was initially designed to fetch current and historical precious metals rates published by banks. Today, it has evolved into a powerful tool, capable of delivering real-time precious metals data with remarkable accuracy to 2 decimal points and an update frequency as high as every 60 seconds.
This versatile API offers a range of features, including real-time exchange rates for precious metals, currency conversion, Time-Series data, price fluctuations, and daily low and high prices.
Moreover, the Metals-API delivers EOD (end-of-day) historical exchange rates, which become available at 00:05 am GMT for the previous day.
Where Is The Data Coming From?
Exchange rate data by the API comes from over 15 reliable data sources, every minute. Furthermore, sources include banks and financial data providers.
How Do I Use It?
1 – Register
2 – Look for the symbols that match your search
3 – Make an API call with them, placing your selected metals in symbol, and your preferred currency in base currency.