Are you a businessman from Dubai? Would you like to invest in platinum in Arab Emirates Dirham? Well, if that is your case, there is a tool that will give you the prices of metals from the Dubai Gold & Commodities Exchange (DGCX). It is the best precious metals API.
Platinum is a very rare metal. In general, it is usually found together with nickel and copper ores, mainly in South Africa, where 80% of world production is concentrated. Platinum is one of the least perishable metals: it has exceptional corrosion resistance, even at high temperatures, and is therefore considered a noble metal. Today it is a highly coveted metal in the world of jewelry and platinum jewelry often has a high economic value.
Platinum is used in jewelry for its elegance and durability. It is soft, flexible and easy to work with, but it is also strong and durable. For this, for example, it is highly appreciated in jewelry containing precious stones: platinum jaws are safer than gold ones. Also, the color goes well with the purity of the diamonds. Many wedding bands, engagement rings, pendants, and earrings are created with platinum. It is true that having a more demanding creation process and being a purer and more difficult metal to obtain, platinum jewelry usually has a higher price, but the difference is compensated over time.
However, in recent times, platinum has not done very well in its price. 10% drop in 2021 and while 2022 started well, it ended up falling by 16% in a few weeks. For this reason, if you want to invest in this precious metal, you must pay attention to these details, which can mean losing a lot of money. If you are from the United Arab Emirates, we recommend using the Metals-API service, number 1 in its field.
Why Metals-API?
Metals-API is the most reliable service of all. This is due to its excellent sources of information, which explains why Metals-API is synonymous with reliability. And of course, one of its sources is the Dubai Gold & Commodities Exchange (DGCX), a great relief for Emirati entrepreneurs. And don’t worry about the currency, Arab Emirates Dirham is included, as well as 170 other currencies from around the world.
Some of its clients are Jewelers Mutual Group, Injective Protocol, Metex, among other companies. You should also know that platinum prices are obtained in real time, with an accuracy of 2 decimal places and a frequency of up to every 60 seconds. Capabilities include delivery of precious metal exchange rates, return of time series data, fluctuation data, and the lowest and highest price of any day.
If you are wondering what the price of this system is, then you should know that there is a free version and another 6 paid versions. With any option you will be able to see the prices without problems, but with some limitations. Prices range from $10 to $1200 per year (not monthly).
If you have any questions, remember that on its website you will find a manual about how this system works. 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.