Do you live in the Indian city of Hyderabad? Would you like to buy gold at the rates of your city? Well with this awesome API, you can! It is the best Hyderabad gold rates API.
Gold is one of the world’s most well-known precious metals. The symbol ‘Au’ is used to identify it in the periodic table of chemical elements. It’s a small reactive element that belongs to the ‘transition metals’ chemical group. It’s also a metal that’s found in small amounts in the earth’s crust, has a yellowish and gleaming appearance, and can be stored without experiencing alterations owing to chemical reagents. Gold has always played a significant part in human history, as it was (and still is) a symbol of riches, power, glory, and triumph.
India is the second country that consumes the most gold in the world, with more than 800 tons per year. In this country, the golden metal has religious and ceremonial connotations and family tradition (it is used to make necklaces, ancestral jewelry, and rings). But, of course, its value as an investment is always present and it once again gained prominence in the face of the economic situation generated by the coronavirus pandemic. In addition to the macroeconomic circumstances, the drop in the price of gold was an important incentive for investors to come to the market.
On March 8, 2022, the price of gold reached its annual maximum and its historical maximum, 2,078.80 US Dollars per troy ounce. However, from those dates, gold began to fall, slowly but steadily. Currently, it is at USD 1,841.55 an ounce of gold, 13% less than in March. For these reasons, many people in India prefer to protect their savings in gold investments and prevent them from being lost due to inflation in their country. For those living in Hyderabad, if you want to get the rates for this metal, we recommend using Metals-API.
Metals-API is the fastest and most complete service of all. This is due to its easy and dynamic interface, its speed (prices in real time, with a precision of 2 decimal places and a frequency of up to every 60 seconds). However, getting data quickly means nothing if the data is unreliable. But don’t worry, gold information is sourced from sources such as London Metal Exchange, CME Group, London Bullion Market Association (LMBA) and Indian and Hyderabad commodity exchanges. Also, you won’t have to worry about conversions from dollars to rupees, Metals-API will do this job automatically.
Some of the clients are Jewelers Mutual Group, Injective Protocol and Metex, among other companies. Capabilities include delivery of precious metal exchange rates, time series data feedback, fluctuation data, and the lowest and highest price of any day.
Regarding the price, there are a total of 7 plans, of which 6 are annual payments and one is free. The free plan has some limitations and is only recommended for those with low needs. In the “pricing” section you will find the differences between each one.
If you have any questions, remember that on the website you will find a manual on the operation of this system. But if there is something you don’t understand, there is a virtual chat, always online from 9 a.m. to 6 p.m. (GMT+1).
Also published on Medium.