Are you trying to find a good API for precious metals LBMA am/pm rates? Check this one!
The London Bullion Market Group (LBMA) is an international trade association that represents the worldwide Over The Counter (OTC) bullion market and bills itself as “the global authority on precious metals.” It has roughly 150 members worldwide, including merchants, refiners, producers, miners, fabricators, and those offering storage and safe transportation services.
It promotes market governance and ongoing development, ensuring that all market players may operate with confidence. The LBMA is the standard-setting organization that defines how precious metals are refined and traded, as evidenced by its management of the globally recognized London Good Delivery Lists and Responsible Sourcing program.
Since it’s one of the most important associations for precious metals rates, you should stay updated on them almost every hour. This can be a difficult task, since this industry moves really fast and it’s highly unpredictable. So, to do this and be able to increase your income by making the right moves, we recommend using an API.
This technology can be described as an interface that connects two computers or applications and retrieves data from their communication. It is used by many websites for different purposes and can be useful in any situation. In this case, it can get you LBMA official rates in seconds with just a few clicks.
How To Get An API
APIs can be found online, provided by a software. There are many of these online and not even one of them works the same way as the others. You should consider this when you are choosing the one to use, since not every API can give you LBMA rates. A wrong choice can make you lose a lot of money and time.
To help you with that decision and to explain better how all of this works, we will use Metals-API, one of the most popular and complete API for precious metals prices. With this, you can access real-time metal prices and quotes from around the world and use interactive tools to track precious metal spot prices and metal charts.
To use it, you need to:
- Create your own API key at www.metals-API.com.
- Search for a LBMA metal and the currency of your choice.
- Use these symbols to add metal and money to the list before executing the API call. You may also choose a programming language and a budget range.
- Finally, you press the “run” button and you’re finished! The API will appear on your screen.
The metals available in LBMA am/pm rates are: gold, platinum, palladium and silver.
The result will look something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "LBXAUAM",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
About Metals-API
Easily track the latest precious metals prices at an industry standard website that has been serving customers and the financial community for years. Their sophisticated web service offers real-time gold, silver and other metal price quotes from a variety of sources (e.g. Bloomberg, Reuters, etc.) as well as delayed futures and options pricing.
From current and historical prices to gold coin prices and articles, access to the complete suite of Metals-API Network services is available on its website. MetalApi makes it easy to quickly get accurate price quotes for precious metals in your desired calculation method, including a wide variety of volume metrics and totals.
The live stream of prices is updated in real-time every 2 seconds, so you are always getting the latest updates. This API is flexible, allowing you to retrieve information in the way that best works for you, making it ideal for a range of different uses.
Also published on Medium.