In the foreign metal market and the world of international rates, currencies play the crucial role of acting as the medium of exchange in the transactions that take place.
Currencies like the Australian dollar, the Swedish Krona, or the Russian Ruble are commonly used around the world in order to get a metal rate. Some companies that offer precious metal live and historical rates have exposed their APIs (Application Programming Interfaces) to allow developers to integrate current and historical metal rates, currency conversion, or other capabilities into their applications.
In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, Argus Media is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives like:
Metals-API
Metals-API is a simple and lightweight API for current and historical precious metals rates. This API offers real-time prices and quotes in 170+ currencies for precious metals including Gold, Silver, Palladium, Platinum, and other base metals.
With Metals-API.com you can get live real-time precious metals data via API at an accuracy of 2 decimal points and a frequency as high as every 60 seconds.
Key Features
- API for real-time, delayed, historical, and tick-by-tick periodicity
- Real-time precious metals prices API for gold, silver, palladium, and platinum
- Real-time metals price API for base metals and platinum group metals
- Intraday and historical charts AP
- Historical spot and future prices for gold, silver, palladium, and platinum
Key Benefits
- Use a trusted gold price and silver price API used by hundreds of firms in the industry
- Access institutional quality real-time precious metal prices through an easy-to-use API
- Easily embed real-time gold prices and other metals in your applications — including spreadsheets, websites, mobile apps, and other corporate applications
- Dramatically reduce time to market for apps that need precious metal prices
- Eliminate the pains and complexity of legacy feeds by using cloud APIs
Metals-API.com is used by thousands of developers, SMBs, and large corporations every day. Rock-solid data sources and 6+ years of experience make Metals-API the #1 resource for real-time precious metals rates. You can sign up here.
Metals API Drupal Module and WordPress Plugin
Metals-API Drupal module comes up with comprehensive controls to display desired date metal rates as well as the latest. If you only want a daily snapshot of precious metal prices, this free license is all you need. The drupal module can refresh the rate once a day (every 24 hours) and it will fall within the 50 requests per month that the free license allows. Additional refreshes per day will require a paid license which can be had relatively cheaply. You can also try Metals-API WordPress Plugin which consumes, caches, and produces blocks to display precious metal prices.
Xignite
Xignite Market Data as a Service was one of the first market data services built to run in AWS and they are one of the few vendors that is an AWS Advanced Technology Partner with a Financial Services Competency. With more than a decade of cloud expertise in building, scaling and operating cloud-based market data technology, it is no surprise that leading financial services and capital markets firms rely on this company to empower their journey to the cloud.
Their Metals API Service offers real time prices and quotes for metals including Gold, Silver, Palladium, Platinum and other base metals. In addition to real time precious metals prices, the service provides daily London Fixing prices as well as historical precious metal prices and metal news.
Xignite Cloud APIs are sourced from leading providers such as FactSet and Morningstar as well as Xignite’s own curated, high-quality data.
OANDA
Just like currencies or commodities, the international metal market can produce some beneficial opportunities for traders. As one of the world’s most precious metals, gold trading,for example, is a highly liquid business. With daily rates movement, the potential is there to achieve returns from one of the oldest investment assets.
With OANDA, you can take a position on a wide range of metals including gold, silver, platinum and palladium. They offer XAU/USD from 25 cents.
For traders, there can be profit to be made in the movement of global gold prices without the need to physically own any. CFD gold trading allows the trader to buy and sell set amounts of gold.
OANDA’s precious metals trading chart provides traders with historic and real-time data, updated live to present the very latest insights into the metal market. While this chart cannot guarantee or predict future performance, it can help traders uncover emerging and longer-term trends to enhance their place.
Also published on Medium.