Historically, the gold market has been one of the most unpredictable, although it was previously an important factor in a country’s reserves, it has gradually been relegated by paper, so its changes have been increasingly unpredictable, which makes it an asset that must be constantly paid attention to.
Although there are many APIs and software that communicate the value of gold, only one has the ability to give results per hour for free and per minute if hired in a premium way: Metals-API.
To ensure the best possible degree of data coverage and accuracy, our system employs a unique “validation and fallback” mechanism, assigning different priorities to each data source and validating each metal/forex rate as it enters our databases. If one source does not provide an accurate quote, the next highest provider for this currency pair is contacted. This enables us to eliminate inconsistencies and provide the vast majority of spot exchange rates with six decimal places of precision.
In the same way that gold is a completely volatil and difficult to read asset, other precious metals can be much more solid and reliable when it comes to investing, their price changes are not something that everyone can communicate, in fact the only one that does it and at any type of exchange of any country is Metals-API.
Metals-API provides API access to live real-time precious metals data with a 2 decimal point precision and a 60-second refresh rate.
Key Features
- API for real-time, historical, and tick-by-tick periodicity
- Real-time precious metals prices API for gold, silver, palladium, and platinum
- Real-time metals price API for base metals and platinum group metals
- Intraday and historical charts AP
- Historical spot and future prices for Gold, Silver, Palladium, and Platinum
Key Benefits
- Use a trusted gold price and silver price API used by hundreds of firms in the industry
- Access institutional quality real-time precious metal prices through an easy-to-use API
- Easily embed real-time gold prices and other metals in your applications — including spreadsheets, websites, mobile apps, and other corporate applications
- Dramatically reduce time to market for apps that need precious metal prices
- Eliminate the pains and complexity of legacy feeds by using cloud APIs
Metals-API is used by thousands of developers, SMBs, and large corporations every day. Rock-solid data sources and 6+ years of experience make Metals-API the #1 resource for real-time precious metals rates. You can sign up here.
Metals-AP obtains market prices from a variety of trade sources and banks worldwide, with varying types and frequency. Commercial sources are given a higher weighting, especially for major currencies and metals, because they more accurately reflect market exchange.
Metals-API Drupal module comes up with comprehensive controls to display desired date metal rates as well as the latest. If you only want a daily snapshot of precious metal prices, this free license is all you need. The drupal module can refresh the rate once a day (every 24 hours) and it will fall within the 50 requests per month that the free license allows. Additional refreshes per day will require a paid license which can be had relatively cheaply. You can also try Metals-API WordPress Plugin which consumes, caches, and produces blocks to display precious metal prices.
Also published on Medium.