If you want to acquire platinum rates in the Japanese Yen, then you need to take a look at this tool.
Platinum has the least level of reactivity of all the metals. Because of its excellent corrosion resistance, even at high temperatures, it is categorized as a noble metal. As a result, it’s normal to find native platinum that hasn’t been combined. Because it occurs naturally in the alluvial sands of many rivers, it was used by pre-Columbian South American Indians to produce things.
The London Bullion Market Group (LBMA), on the other hand, is a global trade organization that represents the global OTC bullion market and touts itself as the “global authority on precious metals.” Among the approximately 150 members worldwide are merchants, refiners, producers, miners, fabricators, and those who provide storage and safe transportation.
It encourages market stability and growth, giving all market participants confidence to operate. The London Bullion Market Association (LBMA) is the standard-setting institution that regulates how precious metals are refined and sold, as seen by its care of the internationally recognized London Good Delivery Lists and Responsible Sourcing program.
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.
Why Metals-API?
Metals-API is a fantastic resource for investors, traders, and anybody else interested in buying, selling, or trading metals, as it allows you to quickly and easily get current global market prices for any metal (including platinum). You will be able to determine the optimal moment to invest in this business with this technology.
Metals-API also includes a specialized search engine for finding current pricing data feeds on specific elements or combinations of elements. The API may be used for a range of programming activities and is accessible in JSON and PHP.
Bitcoin and Litecoin are also accepted, as well as over 170 other currencies, commodities, and cryptocurrencies (including the Japanese Yen). Using the same API endpoints, any quantity can be converted from one currency to another, as well as from one metal to any metal and any currency to any currency.
How to use it?
To obtain LBMA Platinum Rates in Japanese Yen, use the following methods:
1- Get your API key by creating an account at www.metals-API.com.
2- Look for the LBMA Platinum AM (LBXPTAM) symbol and currency sign you want to use in the website’s list (YEN).
3- Before calling the API, add metal and money to the list, and then use these symbols.
4- You can use JSON, Python, or PHP as a programming language.
Also published on Medium.