Get immediate access to a live feed of precious metals for free with an API!
About the Importance of Precious Metals
Precious metals are among the most precious commodities in the world. Gold, silver, and platinum group metals are the most well-known examples. A valuable metal can be employed in industry or as an investment. Technology, automobile production, industrial manufacturing, and jewelry manufacture are among the principal fields of use.
Furthermore, gold and silver are used as coinage metals, and gold reserves are stored by several central banks across the world to hold value or to utilize as a redemption medium. The rationale behind this approach is that gold reserves would help safeguard and stable the currencies of the countries involved.
The primary producers of precious metals are Russia, the United States, Canada, South Africa, and China. In 2020, the Toronto-based company produced around five million ounces of gold. The top silver producers are Mexico’s Fresnillo, Poland’s KGHM Polska Mixed, and mining behemoth Glencore. Anglo Platinum and Impala are the two most important mining corporations in the production of platinum group metals.
But how can you foresee live precious metals prices? Well, you can get help from an API.
About APIs
An API (application programming interface) is a collection of rules that govern how computers and programs communicate with one another. APIs link an application with a web server, allowing data to be transferred between the two.
Many of them are accessible over the internet, albeit not all of them provide the same information. As a consequence, in order to avoid wasting your time with a bad encounter, you must use caution while making decisions.
As a result, we highly advise you to utilize Metals-API, which is quickly becoming one of the most popular and comprehensive APIs for precious metal values. This software may provide you with a range of metals and currencies for use on your website.
More Information About This Tool
Metals-API started out as a basic, lightweight Open-Source API enabling banks to get current and historical precious metals prices. The API can provide real-time precious metals data with a 2 decimal point precision and a frequency of up to 60 seconds through API. Among the features accessible are time-series data, volatility statistics, and the day’s lowest and highest prices, as well as precious metals exchange rates and currency conversion. The API provides precise precious metal exchange rate data in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.
READ MORE:
How to Get Real-Time Metal Prices in Any Currency for Free – TheStartupFounder.com
Also published on Medium.