Would you like to access the current and historical prices of precious metals such as gold or silver? But above all, would you like to obtain these prices in an easy and simple way? Well look no further, in this post you will find all the information you need about a precious metals API.
At first glance, it may seem that the metals that are bought and sold by the ton are the most expensive, however the most expensive are those that have a more specific technological application and are scarce. The demand for the most expensive is high and comes from a strong industry coinciding with a shortage in supply, either because there is not enough metal or because its production requires very high levels of purity. Due to its rarity and scarcity, rhodium becomes the most expensive metal with a price per ounce higher than the value of gold and platinum.
Precious metals have the most varied functional and decorative applications, from the electronics and semiconductor industry to decorative coatings for lamps, taps, jewelry, cutlery, etc. Indeed, in addition to the known frequent use in jewelry, due to their properties, they serve multiple industrial uses, such as medicine (platinum prostheses, dental implants, dental crowns), electronics (gold electrodes, and others), while in many industries are applied in small amounts.
But in jewelry, for example, these metals are not usually used to make 100% of the jewel. In general, alloys are used to maintain the durability of the product, while preserving its beauty. Whatever the reason for obtaining these prices, it is clear that you will need a service that updates prices, and what better than Metals-API! If you do not know or have never heard of this API, do not worry, we will give you all the information you will need to know it.
Why should you get current and historical precious metals rates with Metals-API?
Don’t hesitate to choose Metals-API if you’re looking for an API (Application Programming Interface) to receive precise and historical precious metals pricing. Numerous businessmen use this service because it makes it simple, quick, and safe for them to get metal rates. All of this with a 2 decimal place precision and a minutely update pace! You may determine the ideal time to invest in any precious metal by using its qualities.
There are currently more than 200,000 customers utilizing Metals-API with excellent pleasure. Its 25 million queries every day, 19 Years of historical data, and 48ms average response time are further amazing statistics. Chainlink, Metex, Changelly, and Mansour are a few of its customers.
How to use Metals-API and get current and historical precious metals rates?
1. First, go to www.metals-API.com, and then, you have to click on “obtain API key”.
2. After that, choose a plan and join up. For now, there are only 8 plans available, with annual prices (there is an uncharged plan too). If they are insufficient, there is another option with unlimited API Calls.
3. Next, decide on the precious metal you want to check the current and historical prices.
4. Make the API call once you have finished the previous steps.
5. The programming languages C Language and PHP are available.
Also published on Medium.