Do you need metal prices, specifically gold? Then today is your lucky day! Below we will explain a wonderful tool that will allow you to see the updated rates in JSON Format. It is the best precious metals API.
Gold is a noble metal, bright yellow, very soft, and the most ductile and malleable of all metals. It is resistant to corrosion and oxidation and a good conductor. It is found in a free or combined state, mainly in quartz veins and in seawater. There are many uses of gold, perhaps the most common is in jewelry, but it is also used as financial support for countries, as a refuge value in times of crisis, it is used in computer systems, in the space sector, etc. But, in general, gold is a rare commodity, highly valuable and coveted.
Pure gold is not usually used in jewelry, because it does not have an adequate consistency. Jewelry needs to be almost eternal and therefore 24k gold is too soft. For this reason, alloys with other metals are created to achieve greater metal hardness, achieve a wide range of colors, and reduce the cost per gram.
To obtain the prices of this metal, many programming languages will help us, but without a doubt, the JSON format is one of the best. For those who don’t know, JSON (JavaScript Object Notation) is a lightweight data exchange format that is easy for programmers to read and write and easy for machines to interpret and generate. An API that uses this format is Metals-API, one of the most famous digital tools. It is the best metals JSON API.
Why should you use Metals-API?
Metals-API is the most reliable and complete service of all. This is due to several reasons. First, its excellent sources of information must be highlighted, which explains why Metals-API became such a reliable API. Currently, it receives data from prestigious international sources such as the London Metal Exchange (LME), and the New York Mercantile Exchange (NYMEX), among others. And don’t worry about the currency, its convertibility system supports 170 currencies from all over the world. As a programming language, you can choose the JSON format.
Currently, Metals-API has more than 25 Million requests per day, 200,000 satisfied customers, and 19 years of historical data. Some of its clients are Jewelers Mutual Group, Injective Protocol, and Barrick Gold, among other companies. You should also know that gold prices are obtained in real time, with an accuracy of 2 decimal places and a frequency of up to every 60 seconds. Capabilities include delivery of precious metal exchange rates, time series data feedback, fluctuation data, and the lowest and highest price of any given day.
If you are wondering what is the price of this system, then you should know that there is a free version and 6 other paid versions. With any option you will be able to see the prices without problems, but with some limitations. Prices range from US$10 to US$1,200. Attention, the prices are annual, not monthly. If you have any questions, remember that on the website you will find a manual on how this system works. But if there is something you don’t understand, there is a virtual chat, always online from 9 a.m. to 6 p.m. (GMT+1).
Also published on Medium.