Read this article and get informed about the best available software for you according to your needs.
Brief Introduction About Metals
What are metals?
Metals are natural substances and the oldest materials used by human societies. The world has grown very much in the last 100 years thanks to metals, and their importance is still increasing. Most of the remarkable discoveries, inventions, and social changes in recent centuries have been driven and enabled by developments in metals technology.
The industrial sector is the most important consumer group for metals, especially for steels, aluminium, copper and zinc. Industrial customers use metals either in their primary form (for example as rolled steel or aluminium plates used in machinery and equipment building) or as processed products (for example pipes made from steel or aluminium wire ).
As the importance of the metal market is constantly increasing, you should be aware that there are several APIs for precious metals rates that you may use. While Kitko is one of the most known names when it comes to precious metals APIs, some of its competitors proved to get along with themselves better.
While Kitco maintains the prices of four metals in three different currencies. Other APIs like Metals-API contain at least ten metals and any currency imaginable.
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.
This software is used by thousands of developers, small enterprises, and Fortune 500 companies on a daily basis.Metals-API is the most reliable source for real-time precious metals pricing, thanks to its dependable data sources and 6+ years of experience.You can sign up here
Metals-API receives market data prices in a range of formats and frequencies from a variety of trade sources and organizations throughout the world. Commercial sources are given more weight because they better reflect market exchange, especially for large currencies and commodities.
- 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.