In the metal market and the world of international rates, currencies play the crucial role of acting as the medium of exchange in the transactions that take place.
Currencies like the New Zealand dollar, the Israeli Shekel, or the Turkish Lira are commonly used around the world in order to get a metal rate. Some companies that offer precious metal live and historical rates have exposed their APIs (Application Programming Interfaces) to allow developers to integrate current and historical metal rates, currency conversion, or other capabilities into their applications.
In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, GoldPricez is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives like:
Metals-API is a simple and lightweight API for current and historical precious metals rates. This API offers real-time prices and quotes in 170+ currencies for precious metals including Gold, Silver, Palladium, Platinum, and other base metals.
With Metals-API.com you can get live real-time precious metals data via API at an accuracy of 2 decimal points and a frequency as high as every 60 seconds.
- API for real-time, delayed, 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
- 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.com 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 API Drupal Module and WordPress Plugin
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.
Argus prices are utilized as trusted reference sources that conduct clarity to physical supply and contracts, for mark-to-market motives, as a sign of value for tax assessment, for risk management and calculated analysis and organization. In every market they cover, their work is used to broaden market intelligence and is accepted as an accurate and reliable index of the real worth of a commodity.
Argus has the most completed view of the metals industry available online, featuring over 1,100 proprietary analysis. Argus can deliver any combination of global prices and content through its completely personalized technology software. Highly personalized to your specific business needs, licenses to Argus Metals products are available through their solutions-focused account team.
Just like items or commodities, the international metal market can generate some great opportunities for dealers. As one of the world’s most precious metals, silver trading, for example, is a highly liquid trade. With day-to-day rates movement, the potential is there to achieve returns from one of the oldest investment assets.
With OANDA, you can take a position on a wide range of metals including gold, silver, platinum and palladium. They offer XAU/USD from 30 cents.
For traders, there can be profit to be made in the movement of global gold prices without the need to physically own any. CFD gold trading allows the trader to buy and sell set amounts of gold.
Precious metals can be measured in troy ounces for the purposes of trading, which is quoted against the USD. Precious Metals are regarded as a safe haven asset.
OANDA’s precious metals trading chart provides traders with historic and real-time data, updated live to present the very latest insights into the metal market. While this chart cannot guarantee or predict future performance, it can help traders uncover emerging and longer-term trends to enhance their place.
Also published on Medium.