Looking for a way to find LBMA Platinum PM Rates In USD? Well, all you have to do is use this system! Thanks to this precious metals API, you will be able to get all the rates you are looking for! You can see all the details in this post! Do not lose this chance!
Platinum is an extraordinary metal. That is why it has been used for years to make the highest quality pieces of jewelry. Today it is more common to find jewelry in white gold than in platinum. However, the world of jewelry is increasingly including this metal to make jewelry despite its higher price. What are the reasons? Platinum is much less common than gold: it is obtained 60 times less. Platinum is much heavier than gold for the same volume. For this reason, a jewel of the same design in both metals will weigh more in Platinum, thus increasing its cost.
Additionally, platinum jewelry is crafted and created to a higher purity than gold. The purity indicates the proportion of the noble metal that appears in the mixture, called an alloy, which is used to shape the jewels. Generally, 90-95% pure Platinum is used versus 37.5% and 75% 9-karat and 18-karat gold, respectively. The metals that are used to obtain the alloy for platinum jewelry, such as Ruthenium and Iridium, are also heavier and more expensive. This influences the final price of the jewel. Platinum jewelry is booming today and many pieces are made with this metal, such as alliances, engagement rings, pendants, and earrings because it has properties that make it unique.
Therefore, it is important to have a platform that allows you to obtain the data of LBMA Platinum PM Rates In USD. Luckily, we know the answer! Using Metals – API, you will be able to obtain these prices and much more!
Metals-API provides LBMA Platinum PM rates in USD
Getting LBMA Platinum PM Rates in USD has never been easier thanks to Metals – API! The only thing you have to do to obtain the rates for this metal is to register on the platform. If you want to save time, you can use your Google account. Important: Do not forget to confirm your account in the email that you will receive in your mailbox.
The information is super accurate and reliable. London Bullion Market Association or LMBA is one of the sources of information. But just like LMBA, you will also be able to access prices from other sources such as the London Metal Exchange (LME), and Shanghai Gold Exchange (SGE), among other stock exchanges. And if you need to see platinum prices in dollars, you can! USD is the most used in the world but, if you wanted, you could also get prices in euros or Chinese yuan.
It is important that you look for the “LBX PTPM” symbol, as this symbol refers to what you are looking for, LBMA Platinum PM. Also, when you receive the rates, you will have to do some brief calculations. For the result you get, you must divide by 1. For example, 1 / 0.00045 = 2200. Simple math that a calculator can do without a problem. Any questions, suggestions or problems you have, we will leave you a contact method so that you can communicate with Metals – API customer service: [email protected]
Also published on Medium.