Having regular updates of platinum in Argentine Peso has never been easier with this API!
Platinum is a dense, malleable grey-white precious metal. Platinum is ductile, does not oxidize, and is the most corrosion-resistant metal. It has the highest thermal conductivity of any element and has low electrical resistivity. It is practically unaffected by air and water but dissolves in hot aqua regia (a mixture of nitric and hydrochloric acids), and hot alkaline solution.
Platinum is a precious metal used to make catalytic converters, medical instruments, and jewelry. Platinum is the heaviest of precious metals, and it has a wide range of industrial uses because it is resistant to corrosion and can withstand high heat.
It has a multiplicity of uses. For example: in motor vehicles, platinum works as a catalyst, allowing the conversion of polluting gas emissions into less harmful ones. Also, it is important in the production of fertilizers, oil refining, jewelry (especially for its purity), fiber optic cables and hard drives, among other things. Even as a drug against certain types of cancer!
If you are from Argentina and you have an industry that requires platinum, surely you want to be alert to the prices of this metal; especially considering that last year its price fell by 9.99%.
Why Use an API to Get Rates for Platinum?
To collect this data, you’ll need to use an application programming interface (API) to acquire real-time data from one of the major metals suppliers. The London Bullion Market Organisation (LBMA) is an international trade group that represents the global Over The Counter (OTC) bullion market and claims to be the “global authority on precious metals.” In this regard, Metals-API emerges as one of the most viable options for obtaining this data.
Main Features
- Periodicity in real time, history, and tick-by-tick API
- Real-time precious metals prices Gold, silver, palladium, lead, and platinum are the four precious metals API
- Real-time metal prices metal of the platinum group and base metals API
- Intraday and historical charts AP
- Spot and future prices of gold, silver, palladium, lead, and platinum throughout history
Main Advantages
- Use a trusted Lead pricing API used by hundreds of industry companies to gain access to institutional-quality real-time precious metal prices via an easy-to-use API.
- Real-time gold and other metals prices are simple to incorporate into spreadsheets, websites, mobile apps, and other business applications.
- Reduce the amount of time it takes for apps that rely on precious metal prices to reach the market.
- By utilizing cloud APIs, you may be able to avoid the pains and complexities of legacy feeds
READ MORE:
Forecast Precious Metals Rates Using An API – TheStartupFounder.com
Also published on Medium.