Looking to find gold data in any Chinese information source? Surely you are referring to the Shanghai Gold Exchange (SGE), the most important in the Asian country. And luckily for you, finding this data has never been easier thanks to this precious metals API!
Gold has a very particular character and that is that it does not react with other elements, which makes it a noble and resistant metal. Gold does not decompose, does not tarnish, nor does it oxidize, and it also keeps its properties invariably intact over time. A gold nugget found underground will be found in the same conditions as when it was formed millions of years ago. It is well known that gold is a very valuable metal, not so much because of its scarcity in the world, but because of the difficulty in extracting it. The vast majority of gold on Earth is found in the core since it sank while the planet was forming. It is often extracted thanks to the force of water during earthquakes.
In the vast ocean, there is a great variety of elements, among these is gold. According to experts, for every liter of water in the ocean, there is a total of 13 billionths of grams of gold. Given that the world’s seas contain around 1,368,000,000 cubic kilometers of water; it is conceivable to estimate that there are 20 million tons of gold dispersed throughout them. In fact, if all the gold in the ocean were to be removed, each human would have access to 4 kg of the precious metal.
For the inhabitants of China, gold is too important an element. That is why many investors rely on Shanghai Gold Exchanges to find out these prices. And now, thanks to Metals-API, getting these prices is much easier!
Getting Shanghai Gold Exchange rates is so easy thanks to Metals-API!
Obtaining information from the Shanghai Gold Exchange is easier thanks to the existence of APIs such as Metals-API. Imagine that you are a diner waiting for your food (Shanghai Gold Exchange rates). It is the waiter (Metals-API), who will bring the food directly to you. That is, this API is a connection between you and this China metals exchange. This is also the case if you wanted to find prices from the Shanghai Futures Exchange (SHFE) or the Shanghai International Energy Exchange (INE). But it not only works with Chinese sources but also with companies from the United States, India, Japan, and Canada, among other options.
Another aspect that surprised us about this system is its history. We are not going to lie to you, this system was born only a few years ago, but despite its young age, thousands of people already use it. And if a system is widely used, it will surely be very useful. For example, we will give you a number. 200,000 is the number of people who have recommended this system.
How much does it cost and how to pay for this service?
Metals-API offers 8 different plans. In general, the only differences between each plan are the update time and the number of API Calls. Regarding payment methods, this should not be a problem for you, because Metals-API receives all payment methods.
Finally, It’s clear that Metals-API is the best option for getting Shanghai Gold Exchange rates
Also published on Medium.