Are you trying to get LBMA Gold PM rates in USD? Then you should know how useful an API can be for this.
The London Bullion Market Group (LBMA) is a global trade group that represents the Over The Counter (OTC) gold and silver markets. LBMA sets the prices in this market every day. Despite having lost its status as a global pattern of change, gold is still very important in many industries like merchants, refiners, producers, miners, and fabricators. Many companies have membership in LBMA like Bank of China or HSBC Bank USA.
Among other activities, it is in charge of establishing the so-called fixing price of gold, and of granting “Good Delivery” certifications to refineries and coin houses around the world.
Nowadays, the global pattern change is the American Dollar, since 1968. So, you can check the gold price as of the dollar pattern. But this task is not simple, because this industry moves really fast and it’s highly unpredictable. On the other hand, you should stay updated on them almost every hour.
We suggest utilizing an API to get rates in real-time. Besides, you will be able to boost your income by making the appropriate decisions. This technology is defined as a connection between two computers or apps that allows data to be retrieved from their interaction. Many websites utilize it for various purposes and it may be handy in any case. It can bring you official LBMA rates in seconds with only a few clicks in this case.
You can find a lot of APIs online, provided by software. But they work in different ways. For example, not all APIs can give you LBMA rates. You should consider this because the election will lead you to the best option of API that will generate greater profits of money and time.
For example, Metals- API is the most recommended because it is highly complete in terms of precious metals prices. You can follow precious metal commodity prices using interactive tools and real-time metal values and rates from across the world. The metals available in LBMA am / pm rates are gold, platinum, palladium, and silver.
To use it, you need to:
- Create your API key at www.metals-API.com.
- Search for an LBMA metal and the currency of your choice.
- Before making the API call, use these symbols to add metal and money to the list. You may also select a programming language as well as a price range.
- Finally, you hit the “run” button to complete the task. On your screen, the API will show.
The result will look something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "LBXAUPM",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
The live stream of pricing is updated every 2 seconds in real-time, ensuring that you always have the most up-to-date information. This API is versatile, allowing you to obtain data in whatever method works best for you, making it suitable for a variety of applications.