Are you trying to figure out ways to get data on precious metals like copper? Do you want to know which ones are the most effective? Here we present the most reliable APIs!
Although it may appear to be a new field, APIs have been around for quite some time. In some cases, they date back to the previous century. There is a long history of the necessity for accurate precious metal pricing and the ability to convert them to any currency in use.
Due to continuous technological developments, all APIs have a significant volume of information in a short time, whether they have a longer or shorter journey in time.
The demand for APIs that act as a database with accessible methods is growing. The number of requests coming in from all across the world is increasing. As a result, we’ll suggest APIs with a large number of subscribers and high-quality service.
The benefits of using APIs
With the international price crisis effects of the war in Ukraine, this type of software allows for daily updates and predictability. They also offer security concerning the private data of each subscriber.
This API can generate the response for any monetary exchange that you need to know. In regards to copper, although Chile is the primary exporter of this material worldwide, its price is quoted in dollars. So, in this scenario, you’ll need to use one of these APIs to convert Copper prices from dollars to taka, Bangladesh’s currency and obtain the data you need.
Copper prices in taka can be obtained in three secure ways.
1. Metals-API:
This API’s functions include giving Precious Metals exchange rates. You can also convert single currencies, including Time-Series data, variation data, and the minimum and maximum price of any day returned from 16 different sources. It can be a suitable option for you, with an average response time of one hour.
2. KITCO:
International metals trader and source of market information. Kitco has maintained a global reputation as a top precious metals trader and provider of market information since 1977. They cater to both small and large investors’ demands. On the Internet, their solutions are accessible 24 hours a day, seven days a week. Their website receives the most traffic for precious metals information on the internet.
3. XIGNITE:
The name stands for Igniting the Exchange of Data. This company is the leader in market data cloud solutions. When it launched the first financial Data-as-a-Service (DaaS) service in 2006, bringing market data from the AWS public cloud.
They provide the basic infrastructure for financial institutions to solve challenges. This API also enables the generation of innovative products for clients that are not constrained by legacy technology.
Also published on Medium.