The gold market in India is gaining more and more ground and could overtake Russia as the country with the largest reserves. For this reason, it is necessary to stay on top of the changes of gold both in the Indian Rupee and in any type of important currency, such as rubles, dollars, or yuan.
Everything indicates that the gold market will not stop doubling and will reach 400 billion dollars by 2028. For this reason, we must look at the current market with innovative eyes and recognize where its strengths are.
The Indian market for precious metals led to the Asian nation being considered a pioneer in the exploitation of the mining market. Knowing their comings could put you at the forefront of investments while generating objective information for your investments.
The problem is finding the sources. Luckily there are a number of APIs such as Metals-API that have the most accurate sources and the most refined search algorithm on the market.
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. In case one of the sources doesn’t provide the necessary information, the API contacts another source. This enables us to eliminate inconsistencies and provide the vast majority of spot exchange rates with six decimal places of precision.
Knowing the changes per hour in the age of immediacy might not work to maximize your profits. The best way is to use a tool like Metals-API, one of those that allows you to know the changes of the currency minute by minute.
Metals-API provides API access to live market data of precious metals with a 2 decimal point precision. It has a 60-second refresh rate.
- Access institutional quality real-time precious metal prices through an easy-to-use API using a trusted Gold and Silver pricing API used by hundreds of companies in the industry.
- Easily include real-time Gold and other metals prices in your spreadsheets, websites, mobile apps, and other business applications.
- Reduce the time it takes for apps that rely on precious metal prices to reach the market.
- Using cloud APIs, you may get rid of the aches and complexities of legacy feeds.
Also published on Medium.