Would you like to get precious metal prices but don’t know how to do it? Well look no further. In this article we will present a tool that will make this task much easier. This is the best precious metals API.
Precious metals are the name that is usually given primarily to metals that are found in a free state in the natural environment. That is, metals that are found without being combined with other elements in the form of compounds. Clearly, when one thinks of precious metals, one of the first examples that often comes to mind is gold. Gold is one of the precious metals that exist and is quite common to find in the form of nuggets. But silver, platinum, palladium, and rhodium are also included (sometimes ruthenium, iridium, and osmium are also included).
Precious metals can be used in different applications. However, it is true that one of the most frequent is jewelry. This is due to properties such as aesthetics, durability, resistance, versatility and its ability to not react in contact with human skin. In the field of jewelry, precious metals can be found in their pure state or in the form of alloys. In addition, some of these usually have very high prices which increase day by day. Therefore, investing in precious metals is an excellent way to invest our savings to obtain returns in the future.
Today, there are many financial institutions that are responsible for keeping people up to date with the prices of precious metals. There are many examples: London Metal Exchange (LME), New York Mercantile Exchange (NYMEX), Bombay Stock Exchange (BSE), among other commodities exchanges. If your wish is to find out the prices of precious metals, an interesting option is to use the Metals-API!
Use Metals-API!
Metals-API started as a simple and lightweight open source API for current and historical precious metal rates published by banks or other financial institutions. Some of these sources are the London Metal Exchange (LME) or the New York Mercantile Exchange (NYMEX). In fact, Metals-API is the best LME prices API. The rates of precious metals such as gold, silver or platinum, are obtained in real time with a precision of 2 decimal places and a frequency of 60 seconds.
Due to the constant change in the prices of precious metals, today it is more essential to be informed about the latest prices. Another important feature is that citizens of other countries will be able to see the prices in the official currency of their country. The Metals-API convertibility system includes around 170 currencies from around the world.
How much does this service cost?
Believe it or not, this system is free! But obviously, this plan has some limitations. If these limitations do not work for you, you can also count on a paid plan. Each plan has its pros and cons, so choose carefully. We recommend that you go to its website and click on the “pricing” section. There you will find the differences between each option. If that’s not enough, Metals-API also offers custom enterprise pricing for unlimited requests.