Do you want to get LBMA gold am historical rates? You should use this API!
Gold is considered one of the most important metals worldwide. This metal has been used to create ornamental objects and jewelry. Gold is still important in our culture and society today; we use it to make our most prized possessions, such as wedding rings, Olympic medals, money, jewelry, Oscars, Grammys, crucifixes, art, and many other items.
As we can see this metal are in many industries so if you are keen on investing in this metal or your business is affected by the prices of gold, the best way to decide whether or not to invest in this sector is to analyze the price data over various time periods and see how it has increased.
To obtain this kind of information, you should use an application programming interface (API) and you will receive data from one of the best metals sources. The London Bullion Market Group (LBMA) is an international trade organization that represents the global Over The Counter (OTC) bullion market, claiming to be the “global authority on precious metals.”
What Is An API?
API acts as a middleman between you and the service provider. In layman’s terms, an API acts as a link between two machines that must communicate in order to complete a task. You can also use this API to send and receive real-time queries.
Using this technology, you will be able to analyze the industry based on prices and see how it has changed over time. Finding a website, application, or software that provides this type of information in real-time, on the other hand, is becoming increasingly difficult. If you don’t know where to begin, start with Metals-API, the most comprehensive source of real-time LMBA gold am historical rates.
To obtain LMBA gold am historical rates, follow these steps:
- Get your API key from www.metals-API.com.
- Look for the LMBA Gold AM (LBXAUAM) symbol and currency sign you want to use in the website’s list.
- Apply these symbols, then add metal and money to the list before contacting the API.
- As a programming language, you can use JSON, Python, or PHP.
The request should be written in the following format:
https://metals-api.com/api/2013-12-24 ? access_key = API_KEY & base = LBXAUAM & symbols = USD,CAD,EUR
As a result, the following is the end result:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "LBXAUAM",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
About Metals-API
Every day, thousands of developers, small businesses, and large corporations visit Metals-API. They can use this tool to quickly and easily find current global market prices for any metal. Metals-API is the leading source for real-time precious metals rates due to its dependable data sources, as this software collects data from approximately 15 reliable data sources per minute. Prices are provided by banks and financial institutions. This demonstrates how precise the data is.
The data is available in a variety of programming languages, including JSON, Python, and PHP, you will receive all data in real-time and be able to incorporate it into an application or software.
Metals-search API’s engine may locate current pricing data streams for a specific component or element combination. Metal prices are available from a number of sources, including Bloomberg and Reuters.
Also published on Medium.