Knowing the changes of an asset like gold over time can be just as important as knowing its changes minute by minute. The information of how this precious metal acted at different points in time can work to know how it will act depending on what happens.
Therefore, while an API can give you the changes of gold per hour, not all do it in all available rates. Information about historical changes, in any currency, is much harder to come by.
Finding an API like Metals-API is not easy. Since not all of them present the possibility of having any type of information available in seconds.
Because gold rates are so changeable, these make them hard to follow. But once you’ve gone through so many changes, it’s easy to analyze what causes your prices to go up or down. Metals-API shows you its changes up to 1999 with a single click.
20 years of information collected from the best machine learning systems available. This makes all kinds of rates, in any currency and any metal, appear instantly in JSON format.
What Are Their Sources
Metals-API provides API access to live market data of precious metals with a 2 decimal point precision. It has a 60-second refresh rate.
To ensure the best possible degree of data coverage and accuracy, our system employs a unique “validation and fallback” mechanism, assigning different priorities to each data source and validating each metal/forex rate as it enters our databases. If one source does not provide an accurate quote, the next highest provider for this currency pair is contacted. This enables us to eliminate inconsistencies and provide the vast majority of spot exchange rates with six decimal places of precision.
Metals-API collects market data prices in a variety of formats and frequencies from a variety of trading sources and institutions around the world. Commercial sources are given a higher weighting because they more accurately reflect market exchange, particularly for major currencies and metals.
Key Features
- API for real-time, historical, and tick-by-tick periodicity
- Real-time precious metals prices API for Gold, Silver, Palladium, and Platinum
- Real-time metals price API for base metals and platinum group metals
- Intraday and historical charts AP
- Historical spot and future prices for Gold, Silver, Palladium, and Platinum
Main Benefits
- Access institutional quality real-time precious metal prices through an easy-to-use API using a trusted Gold and Silver pricing API used by hundreds of companies in the industry.
- Easily include real-time Gold and other metals prices in your spreadsheets, websites, mobile apps, and other business applications.
- Reduce the time it takes for apps that rely on precious metal prices to reach the market.
- Using cloud APIs, you may get rid of the aches and complexities of legacy feeds.
Also published on Medium.