Would you like to invest in the world of jewelry? Well, for that, you will first need a service that gives you the current prices of the world metal market. In the next article, we will tell you more about an API. It is the best precious metals API.
Jewelry does not use only precious stones; metals play an important role. These have been used for centuries for different uses and their characteristics and the value that they are given make them exceptional materials. Precious metals are the ones that stand out the most since they are the ones that add value to the piece. However, they are not used 100%, that is, they are mixed with non-precise metals to achieve a resistant and durable jewel. No metal by itself has perfect characteristics, so it is necessary to resort to its alloys.
The most used metals in the world of jewelry are several. Gold is the best-known precious metal, characterized by its low reactivity, which allows it to maintain a good shine when polished. It stands out for its malleability, a characteristic that makes it easy to work with. Silver is the most widespread metal and can be found in three main variants: 950, sterling and 900 silver. The non-precious metal is copper, which is the most important. Although it is soft in its pure state, a hard alloy is obtained when combined with gold or silver. Or titanium is used to give gold or silver hardness but achieve a light piece.
To know the prices of all these metals, you could do it by consulting different commodity exchanges, but that task can be very difficult for some. Therefore, if you are a jeweler, the best option for you is to use the Metals-API service, which will surely help you in your jewelry business. Below we will tell you more about this new API.
Why Metals-API?
If precious and non-precious metal prices are what you need, this service will help you with your task, as it is the number 1 API in the market. As we explained before, this service is an API (short for Application Programming Interfaces), which offers the daily and updated price of metals such as gold, silver, bronze, copper, platinum, and titanium, among others. Thanks to sources like the London Metal Exchange (LME), you can be sure that the information on the screen is 100% reliable. Capabilities include delivering exchange rates for Precious Metals, converting single currencies, returning Time-Series data, fluctuation data, and lowest and highest price of any day.
To start using this service and get precious and non-precious metal prices for your jewelry business, you will need to follow these instructions:
1- Go to “www.metals-API.com” and there you will get an API key. Then register and enter your data.
2- Select one of the 7 available plans, 1 of them is free and the remaining 6 plans are paid. In the “pricing” tab, you will find the differences between each one.
3- Search the list of symbols for the metal you want and the currency of your country.
4- When finished, make the API call and get the updated prices of the world metal market.
As a programming language, you have the option of using JSON or PHP.
Also published on Medium.