Are you looking for Platinum rates in real-time? This article is for you!
Platinum is a valuable precious metal and an important commodity. Only a few hundred tonnes are produced annually due to its scarcity in the Earth’s crust, despite its importance. It is one of the metals with the least amount of reactivity.
It has exceptional corrosion resistance, even at high temperatures. Catalytic converters, laboratory equipment, electrical connections and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry are all made of platinum.
The bulk of its production is going to automobile emissions control systems, to jewelry, to chemical and petroleum refining, and electrical uses such as hard disk drive. The remaining tonnes were used for things like medicine and biomedicine, glassmaking equipment, investment, electrodes, anticancer medications, oxygen sensors, spark plugs, and turbine engines.
Metals investments have a reputation for being volatile and difficult to understand. As a result, it’s best to focus on anything solid. Platinum is a solid market, but you should be updated with its value in global terms.
The best way to be updated at all times is using an API like Metals-API. It conveys hourly and minute rate changes. Metals-API collects market data prices in a range of formats and frequencies from a variety of trading sources and institutions throughout the world. Commercial sources are given a higher weighting because they more accurately reflect market exchange, especially for major currencies and metals.
Metals- API is the most recommended since it has the most up-to-date pricing for precious metals. With interactive tools and real-time metal values and rates from across the world, you can keep track of precious metal commodity prices.
If you want to access Metals-API you can see that is very easy:
- In the first place, you create an API key at www.metals-API.com.
- Then, your search for platinum in your preferred currency. Before making the API call, use these symbols to add metal and money to the list.
- In addition, you can select a programming language as well as a price range.
- Finally, to complete the task, you press the “run” button.
On your screen, the API will show like that:
{
"success": true,
"timestamp": 1519296206,
"base": "XPT",
"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,
[...]
}
}
See more: What Is The Best API For Getting Platinum Rate Using Python?