Looking to get updated precious metal rates for Latin American investments? Learn how to do it for free with an API
What Is a Precious Metal?
A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high luster. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. While both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded.
Precious metals prices are important to many American investors, and they are a global currency traded around the world. Gold and silver have been used as currency around the world for thousands of years.
How Does an API Work?
The precious metals prices application programming interface, or API, is a way for developers and financial services professionals to integrate precious metal prices into their websites, applications and other services.
An API (application programming interface) is a collection of rules that govern how computers and programs communicate with one another. APIs link an application with a web server, allowing data to be transferred between the two.
Many of them are accessible over the internet, albeit not all of them provide the same information. As a consequence, to avoid wasting your time with a bad encounter, you must use caution while making decisions. We highly advise you to utilize Metals-API, which is quickly becoming one of the most popular and comprehensive APIs for precious metal values. This software may provide you with a range of metals and currencies for use on your website.
Why Metals-API?
The Metals-API is capable of providing real-time precious metals rate data, thanks to its 10+ exchange rate data sources. There are several endpoints in the API, each of which has a different function. Get the most recent exchange rate data for any or a particular group of currencies, translate sums from one currency to another, retrieve Time-Series data for one or more currencies, and ask the API for regular fluctuation data are all endpoint functionalities.
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