You are from India? From the city and Coimbatore? Do you need the gold rates in your city? Well… we have the solution to your problems! With this awesome API, you will be able to get them. In fact, it is the best Coimbatore gold rates API.
Gold is a chemical element with the characteristics of a metal, which is present in the earth’s crust in a scarce quantity and has a yellowish and shiny hue. It is one of the most precious elements in the entire world, precisely because of its non-abundant condition and also because it is one of the elements that are most used to produce jewelry such as rings, chains, bracelets and crowns. About three-quarters of the world’s gold production is consumed in jewelry, although there are also industrial applications (especially electronics) and some medical or coinage applications.
The state of gold in nature is generally isolated, although it is sometimes mixed with mercury or silver, or in minerals such as calaverite, sylvanite or nagyagite. In underground or open pit mines where gold is found, there is never more than 5% gold per tonne of rock. The largest gold deposits in the world are found in Indonesia, the United States, Peru, and Argentina.
And for a country like India, gold is very important. It is the world’s second largest consumer of gold, behind China. Unlike this country, India hardly has a small production of its own, so its huge demand must be covered almost exclusively with imports. The reason for this is due to ancient traditions that continue today, bracelets, rings, and highly prized jewelry in India, especially in the city of Coimbatore. If you want to know what the prices of this metal are in that city, we recommend you to use Metals-API.
Why Metals-API?
If what you need are prices of precious metals such as gold, Metals-API will help you in your mission. In case you didn’t know, 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. All this information is obtained from prestigious sources such as the London Metal Exchange (LME) or Indian commodity exchanges. Capabilities include delivering exchange rates for precious metals, converting individual currencies, returning time series data, fluctuation data, and the lowest and highest price of any given day. On the other hand, you should also know that gold prices are delivered with an accuracy of 2 decimal places, with updates every 60 seconds and using the currency of your country, the Indian rupees.
To start using this service and get prices for precious metals like gold, 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 (in your case it would be gold) and the currency of your country, Indian rupees.
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.