If you want to obtain platinum rates in USD, you need to try this API.
Platinum is one of the world’s most valuable metals. The main reason for this is because precious metals are valued based on their weight, and platinum is denser than gold, therefore it will be heavier.
Platinum, on the other hand, is used to make catalytic converters, laboratory equipment, electrical connections and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Because the price of this metal has fluctuated over the last few years, if you’re interested in investing in platinum, you should research how it has performed in recent years.
You’ll need to use an application programming interface (API) to receive real-time data from one of the major metals suppliers in order to collect this information. The London Bullion Market Organisation (LBMA) is an international trade association that claims to be the “global authority on precious metals” and represents the global Over The Counter (OTC) bullion market. In this sense, Metals-API comes up as one of the best options to acquire this information.
Why Metals-API?
Metals-API is a wonderful tool for investors, traders, and anyone else interested in buying, selling, or trading metals since it allows you to find current global market prices for any metal fast and conveniently (including platinum). Using this technology, you will be able to determine the best time to invest in this industry.
Moreover, Metals-API has a dedicated search engine for discovering up-to-date price data feeds on certain elements or combinations of elements. The API, which is available in JSON and PHP, can be used for a variety of programming tasks.
Also accepted are Bitcoin and Litecoin, as well as over 170 other currencies (including the US dollar), commodities, and cryptocurrencies. Any quantity can be converted from one currency to another, as well as from one metal to any metal and any currency to any currency, using the same API endpoints.
How does it work?
Use the following methods to obtain LBMA Platinum Rates in USD:
- Create an account at www.metals-API.com and get your API key.
- In the website’s list, look for the LBMA Platinum AM (LBXPTAM) symbol and currency sign you want to use (USD).
- Add metal and money to the list before calling the API, and then utilize these symbols.
- As a programming language, you can utilize JSON, Python, or PHP.
Also published on Medium.