Are you tired of the terrible market volatility? Unfortunately, this cannot be avoided, but it can be prevented. If you use this API, you will be able to find out about the latest changes in the prices of precious metals. It is the best precious metals API.
Precious metals are those that are found free in nature, without being combined with other elements to form compounds. They are rare and of great value worldwide. They are also low-reactivity metals, which makes them stable for use in different sectors. Because they can be combined with other elements to give them better properties in terms of durability or strength, alloys of them are often used. In jewelry, the precious metals are usually gold, (Au), silver, (Ag), palladium, (Pd) platinum, (Pt), and rhodium, (Rh).
Within the group of precious metals, the most famous of all is gold. Its color is yellow, it is heavy, shiny, ductile and malleable. Its main applications are in jewelry (70%), but it is also used in the financial market as reserves and investments. It is used to a very lesser extent within the industry. Another precious metal is silver, which is bright white, ductile and malleable. It is a very useful metal because it can be used in jewelry, in photography due to its photosensitivity, in medicine in the treatment of warts, in electric motors, as well as in electronics due to its conductive properties.
Precious metals are characterized by their high price. For example, an ounce of rhodium costs about $14,500, but a few months ago its price was over $20,000. Gold hit all-time highs but then fell back. The market is very unstable and therefore, you must be alert to any changes. For this, we recommend you to use the Metals-API service, which will help you prevent volatility.
Why Metals-API?
Currently, thousands of developers, SMEs and large corporations use Metals-API, to obtain rates for precious metals and other non-precious metals. In fact, there are more than 200,000 customers, who have shown their satisfaction with using this service. The reason why so many people trust this system is thanks to sources of information, such as the London Metal Exchange (LME), banks and financial data providers. In addition, precious metal rates are offered with an accuracy of 2 decimal places and are updated every 60 seconds. Thanks to these features, you will be able to update the price whenever you want and you will be able to prevent any volatility.
To use this service, you just need to register, select the symbol of the metal you need and then choose the currency in which you want to see the prices (there are 170 currencies available). After that do the “API Call” and that’s it. We recommend that you click on the “pricing” section to make sure which plan to choose based on your needs and the money you are willing to spend.
If you have any questions, you can send an email to the following address: [email protected]. If not, you can enter on the 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.