Would you like to get real-time gold Surat rates? Well, you are in the right place! And if you wonder how, then the answer is an API. But it’s not just any API, it’s the best API of all. The best precious metals API.
Gold has proven to be a long-term haven of value and wealth during periods of crisis, when people panic. Even if investors are initially buying gold exclusively to protect their wealth, they are also often multiplying their money because they are subconsciously anticipating future demand. Even with modern technology, gold is very difficult to find. In total, around 160,000 tons of gold have been mined from the ground. Although this number may seem very large (and in fact it is), the truth is that if we put all that gold in the form of a cube, the size would not exceed a tennis court.
A small part of the gold is used in teeth, because it is inert, and another part in electronics, due to its non-corrosive nature and its excellent conductivity. But currently, more than 95% of the world’s gold is used as a store of wealth, either in vaults or in the form of jewelry, which is considered a private monetary reserve (especially in Asian countries such as China and India). In contrast to the limited supply of gold, current monetary systems are expanding at an uncontrolled rate. While governments can print more money, what they can’t do is multiply the amount of gold, so gold will always hold its value.
And as we said before, gold is very important for Asian countries and India is a clear example. In cities like Surat, gold is traded every day. Therefore, to obtain Surat rates in real-time, we recommend using the Metals-API service.
Why Metals-API?
For Indian investors, Indian traders, and anybody else interested in purchasing, selling, or trading precious metals (like Gold), Metals-API is the best API (Application Programming Interface). You are in the ideal location if you want to invest. You may quickly and conveniently learn the current metal market prices with the help of this service. 16 reliable data sources, including the London Metal Exchange (LME), banks, and financial data providers, are used to calculate prices. Customers have already expressed their satisfaction with this service in numbers exceeding 200,000. Additionally, global corporations like Barrick, Mansour, Glencore, and Chainlink among others use it. The Metals-API can provide precise exchange rate information for precious metals in 170 different international legal tenders.
The steps to use this service are straightforward. To get started, you must first sign up with your data, choose a plan (don’t worry, you can change your plan later), and then choose the symbol for the metal you want (Surat Gold). Next, select the legal tender of your country (it could be Indian Rupees for example. Make the “API Call” after that, and you’ll have the most recent Surat Gold Rates. The API is accessible in JSON and PHP and can be utilized for a range of programming tasks.
Anyway, if all this is too much information for you, there is good news for you. There is a way for you to test this API more easily, using the Quick Start Tool.
Also published on Medium.