Do you live in India and need to acquire gold for your company or personal investment? Well, in this article, we will answer your question. We will present you with a service that will serve you in what you need. It is the best precious metals API.
In addition to its various industrial uses, gold has traditionally been one of the most valuable metals in the world and has long served as a global economic benchmark. Even now, it is frequently utilized as an investment and as a financial haven worldwide in times of financial crisis.
It has many unique qualities that make it helpful. Gold is easy to work with, conducts electricity, and doesn’t tarnish. In fact, it can be hammered into thin sheets, pulled into wire, and cast into incredibly precise patterns. Additionally, it has a gorgeous hue and a spectacular brilliance, making it an excellent choice for jewelry production (more than 50 percent of the gold used today is destined for the jewelry industry).
The cost of gold has substantially grown throughout time. To give you a perspective, its price has increased by more than 4000 percent over the past 50 years, and unless in extremely unusual circumstances, each year often finishes with a positive average. This is crucial for an Indian investor or businessman since it will decide whether or not it is the right moment to buy based on how the market performs. And for these situations, we recommend you to use the Metals-API service, which will help you obtain the price of gold from the main commodity exchanges in India.
Why do we recommend using Metals-API?
Gold prices in India may be acquired rapidly and dynamically thanks to Metals-API, an API (Application Programming Interfaces) as its name suggests. You will be able to get live gold rates through this service, with an accuracy of two decimal places and the option of 60-second price updates. With these qualities, you can avoid any potential problems that may arise with metals as volatile as gold while also making significant financial savings. Delivering exchange rates for precious metals, translating between different currencies, providing time-series data, fluctuation data, and the lowest and highest price of any day are just a few of the capabilities.
Also, you should know that the information on gold prices is obtained from the main commodity exchanges in India, from cities such as Ahmedabad, Bangalore, Coimbatore, and Hyderabad, among other cities. And of course, the prices are expressed in Indian rupees.
We advise reading the following steps if you want to acquire gold rates in India:
1. To begin, go to www.metals-API.com and click “obtain API key”.
2. Next, select the option to join up and select a plan from the main screen. There are seven plans altogether (one of them is free and the rest are paid). We advise you to thoroughly understand the differences between each payment plan before selecting the one that is ideal for you.
3. Next, choose the metal you want, in this case gold, and then indian rupees.
4. Make the API call once you have finished the previous steps.
5. JSON and PHP are your two options for programming languages.
Also published on Medium.