Do you wish to obtain LBMA platinum spot rates? Then use an API!
The London Bullion Market Group (LBMA) is a worldwide trade organization that represents the global Over The Counter (OTC) bullion market and promotes itself as the “global authority on precious metals.” It has around 150 members worldwide, who include merchants, refiners, producers, miners, fabricators, and those who offer storage and safe transit.
It promotes market governance and continual growth, allowing all market players to operate with confidence. The LBMA is the standard-setting authority that controls how precious metals are refined and sold, as seen by its maintenance of the worldwide recognized London Good Delivery Lists and Responsible Sourcing program.
On the other hand, platinum has the least amount of reactivity of any metal. It is classified as a noble metal due to its exceptional corrosion resistance, even at high temperatures. As a result, native uncombined platinum is commonly detected. It was initially utilized to make things by pre-Columbian South American Indians since it occurs naturally in alluvial sands of various rivers.
So, with this in mind, you presumably realize why obtaining gold LBMA rates is critical, given that we’re discussing two of the most essential aspects in the precious metals sector. Because of this, if you wish to invest in this commodity, you must remain up to date on its real-time pricing.
How An API Can Help
It might be tough to access rates virtually on the spot. It is, nevertheless, not impossible. We strongly advise you to utilize an API for this. This technology is an interface that connects two computers or apps and retrieves data from their shared connection. Many websites use it for a variety of purposes, and it may be useful in any case. In this case, a couple mouse clicks might provide you with Gold LBMA official rates in seconds.
To utilize one, you must first discover a suitable software that offers it. There are a handful of them available online, and each one may provide you with different information. This is why you should be cautious about the one you select so that you do not waste your time with a horrible experience.
We propose Metals-API, one of the most popular and comprehensive APIs for precious metals pricing, to obtain gold LBMA rates. This allows you to monitor real-time metal prices and quotations from across the world, as well as use interactive tools to track precious metal spot prices and metal charts.
To utilize it, you must do the following:
- Create your own API key at www.metals-API.com.
- Look for a Platinum LBMA and the currency symbols of your choice.
- Use these symbols to add metal and money to the list before performing the API call. You may also specify the programming language and the pricing range.
- Finally, you press the “run” button and you’re finished! The API will appear on your screen.
The end outcome will be as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "LBXPTAM",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Concerning Metals-API
Track the most recent precious metals prices with a website that has been serving clients and the financial community for years. Their extensive web site offers real-time gold, silver, and other metal price quotes from several sources (including Bloomberg, Reuters, and others), as well as delayed futures and options pricing.
The real-time price stream is refreshed every 2 seconds, ensuring that you always have the most up-to-date information. This API is customizable, allowing you to access information in the way that suits you best, making it useful for a broad range of applications.
Also published on Medium.