Do you wish to find an API that offers you palladium rates in JSON? In this article, we’ll show you all the information.
In 2020, global palladium output is expected to fall by 7%. Russia was the leading palladium producer, followed by South Africa and Canada. The precious metals market as a whole has improved tremendously, but palladium’s price increase of 350 percent over the last five years has stolen the show.
With this in consideration, you should recognize that access to palladium prices may be crucial to your company. This information may be acquired through an API, which is a user interface that exposes data once it has been collected from a specific place. This provides a lot of information in a short period.
The majority of APIs utilize the JSON format. JSON (JavaScript Object Notation) is a schema-free text-based structured data representation based on key-value pairs and ordered lists. Despite being built on JavaScript, it is supported by the vast majority of programming languages, either directly or via libraries.
Why JSON?
JSON is a data language technology that is utilized by web servers, browsers, and mobile apps. Its basic form and versatility make it simple to read and understand, as well as to update in most circumstances in your preferred programming language. The lack of a fixed schema provides for greater format freedom.
How To Get An API
So, now that you’ve read all of this, you’re probably wondering how to get your hands on the JSON API. There are a few software that provides that, and they might be quite handy. However, not all of them work the same way, so do your homework before committing to one and wasting your money.
Metals-API is an excellent API that can offer you prices for a large variety of metals in various currencies with a two-decimal point precision in the information. It offers rates in real-time and historical information.
You must perform the following to utilize it:
- You may get your API key at www.metals-API.com.
- Watch for the palladium (XPD) and the currency symbol of your choice.
- Use these symbols to add metal and currency to the list before sending the API call. You may also specify the programming language and the pricing range.
- Next, click the “run” button and you’re finished! The API will appear on your screen.
The API will show like this:
// set endpoint and your access key
endpoint = 'latest'
access_key = 'API_KEY';
// get the most recent exchange rates via the "latest" endpoint:
$.ajax({
url: 'https://metals-api.com/api/' + endpoint + '?access_key=' + access_key,
dataType: 'jsonp',
success: function(json) {
// exchange rata data is stored in json.rates
alert(json.rates.GBP);
// base currency is stored in json.base
alert(json.base);
// timestamp can be accessed in json.timestamp
alert(json.timestamp);
}
});
Why Metals-API
Metals-API began as a simple, lightweight Open-Source API that allowed banks to retrieve current and historical precious metals prices. This API delivers real-time precious metals data to two decimal places with a refresh rate of 60 seconds.
Precious metals exchange rates, single currency switching, Time-Series data, volatility statistics, and the day’s lowest and highest prices are among the features available. The Metals-API can calculate exact precious metal exchange rates in over 170 currencies throughout the world, including Bitcoin and other major cryptocurrencies.