Would you like to get spot gold prices? Looking for some API to achieve this goal? Well, we have good news for you! Next, we will offer you the best service to find gold prices. It is the best precious metals API.
Gold is a chemical element with the symbol Au (Latin: aurum) and atomic number 79, making it one of the highest atomic number naturally occurring elements. In pure form, it is a light, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, it is a transition metal and a Group 11 element. However, it is a very scarce metal in the world, which, added to its beauty, has led to the fact that gold has been used throughout history for coins, jewelry, investment, and savings. In fact, in the past, a gold standard was implemented as a monetary policy. The currencies of the world were backed by gold, which changed with the arrival of oil.
Despite the abandonment of the gold standard, gold remains a precious metal. World consumption of new gold produced is around 50% in jewelry, 40% in investment, and 10% in industry. Its excellent conductivity of electricity has led to its continued use in corrosion-resistant electrical connectors in all kinds of automated devices (the main industrial use). It is also used in infrared shielding, colored glass production, and dental restoration. Currently, its price is USD 1,842.01 per ounce.
To buy gold, you can do it in 2 ways, the spot market, and the futures market. The first, the one you are interested in, means to buy the gold for an amount of money, and then receive it immediately or within a short time interval. The rates are the current prices established by the market. If you want to obtain the prices of this metal, using the spot market, the best option is, without a doubt, Metals-API. It’s the best Gold Price API.
Why Metals-API?
In case you didn’t know, currently thousands of developers, SMEs and large corporations use Metals-API. This is mainly due to its excellent sources of information, such as the London Metal Exchange (LME), banks and financial data providers. The idea is to offer quality information to guarantee customer safety. Spot Gold Prices are offered with a precision of 2 decimal places and updates every 60 seconds.
To use this service, you just need to register, select the symbol of the metal you need, in this case gold, and then choose the currency in which you want to see the prices. After that, do the “API Call” and that´s all, you will have the gold prices to buy in the spot market. But first, we recommend that you check the “pricing” section to make sure which plan to choose according to your needs and the money you are willing to spend. The API can be used for a variety of programming activities and can be accessed in JSON and PHP.
If you have any questions, you can send an email to the following address: [email protected]. If not, you can enter its website and send a message through the available virtual chat. Always online from 9 a.m. to 6 p.m. (GMT+1). Urgent requests are usually handled within minutes.
Also published on Medium.