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Metals-API: an Alternative to Xignite to Get Real-Time Metal Prices

Looking for an alternative to Xignite? Try this free metal-API and keep it simple!

The Importance of Precious Metals

Precious metals are among the most precious commodities in the world. Gold, silver, and platinum group metals are the most well-known examples.

A valuable metal can be employed in industry or as an investment. Technology, automobile production, industrial manufacturing, and jewelry manufacture are among the principal fields of use. Moreover, gold and silver are used as coinage metals, and gold reserves are stored by several central banks across the world to hold value or to utilize as a redemption medium. The rationale behind this approach is that gold reserves would help safeguard and stable the currencies of the countries involved.

The primary producers of precious metals are Russia, the United States, Canada, South Africa, and China. In 2020, the Toronto-based company produced around five million ounces of gold. The top silver producers are Mexico’s Fresnillo, Poland’s KGHM Polska Mixed, and mining behemoth Glencore. Anglo Platinum and Impala are the two most important mining corporations in the production of platinum group metals.

About Xignite

Xignite is the leading provider of financial market data cloud APIs, with over 50 financial cloud APIs and more than five billion service requests per month for real-time, historical, and reference data covering global equities, commodities, currencies, options, fixed income, mutual funds, derivatives, and OTC instruments.

For over 900 clients in 47 countries, the Xignite market data cloud powers mission-critical applications for financial services front, middle, and back office, financial websites, investor relations, corporate ERP and BI, e-commerce, and mobile. It is one of the most often used APIs for precious metals rates, which are traded virtually continuously.

If you want to find a good alternative to it, then you should know that there are a lot of APIs for precious metals rates that can be useful to you. However, not every single one of them works the same way, so you should be careful with which one you choose so you don’t lose time and money.

To help you with that, we offer of the best Xignite alternative for precious metals API:

Metals-API is a piece of software that gives reliable and up-to-date information on any precious metal in any currency. The free plan’s data is refreshed every hour and has a two-decimal point accuracy. In this case, you will also receive 50 API calls every month. When you buy an annual package, you will get more API calls and data per minute.

Every minute, our platform pulls data from over 15 credible data sources. Banks and financial data providers are among them. As a result, you will receive incredibly precise pricing. Metals-API.com offers current market prices for precious metals such as gold, silver, aluminum, platinum, and palladium.

READ MORE:

How to Get Real-Time Metal Prices in Any Currency for Free – TheStartupFounder.com


Also published on Medium.

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