In an ever-evolving world, where data drives decisions, access to accurate and timely information is paramount. For industries ranging from manufacturing to finance, understanding metals’ prices and trends is crucial. In this article we’ll tell you about the best alternative to Kitco Metals API: Metals-API.
In 2024, the need for diverse and reliable sources of metals data has never been more critical. Kitco Metals API has long been a go-to resource for such information, but it’s worth exploring alternatives that can offer even more. Our recommendation is Metals-API.
Understanding the Importance of Metals Data
Metals data plays a pivotal role in various industries, including manufacturing and finance. These markets heavily rely on real-time updates on aluminium prices, copper prices, iron ore prices, and more. The accurate and timely nature of this information directly impacts decision-making, influencing everything from production schedules to investment strategies.
Challenges with Kitco Metals API
While Kitco Metals API has been a reliable choice, it’s not without its limitations. Common user complaints include occasional inaccuracies and delays in updates, affecting the confidence of decision-makers. Consequently, some users are on the lookout for alternatives that can provide a more seamless experience.
Alternative 1: Metals-API
Metals-API stands out as a worthy alternative, offering an array of features and data that meet the demands of 2024. This API provides a comprehensive package, including real-time data on gold prices in India, LBMA (London Bullion Market Association) rates, and even hard-to-find information like lithium prices. Users have praised its reliability and accuracy, making it a compelling option for those looking to explore alternatives.
Alternative 2: PreciousMetalsPro
PreciousMetalsPro is another reliable choice that has gained recognition as an alternative to Kitco Metals API. It offers unique features and data coverage, including real-time updates on copper prices, silver troy ounce rates, and more.
Alternative 3: MetalFusion
MetalFusion is yet another contender in the arena of metals data. This solution prides itself on delivering high-quality data and real-time updates, including ENDEX, NYMEX, and Shanghai Gold Exchange prices.
In Conclusion
The need for accurate and timely metals data continues to grow. Exploring alternatives such as Metals-API, PreciousMetalsPro, and MetalFusion in 2024 is essential for staying competitive and making well-informed decisions in an ever-changing landscape. By considering these alternatives, industries can unlock the power of reliable metals data, ensuring they are well-prepared to navigate the complexities of the modern world.
Why Do We Recommend Metals-API As The Best Alternative?
Metals-API started as a simple, lightweight Open-Source API for current and historical precious metals rates published by the banks. Now, the API can deliver real-time precious metals data via API at an accuracy of 2 decimal points and a frequency as high as every 60 seconds.
Capabilities include delivering exchange rates for Precious Metals, converting single currencies, returning Time-Series data, fluctuation data, and the lowest and highest price of any day.
Moreover, the Metals-API delivers EOD (end-of-day) historical exchange rates, which become available at 00:05 am GMT for the previous day.
Where Is The Data Coming From?
Exchange rate data by the API comes from over 15 reliable data sources, every minute. Furthermore, sources include banks and financial data providers.
How Do I Use It?
1 – Register
2 – Look for the symbols that match your search
3 – Make an API call with them, placing your selected metals in symbol, and your preferred currency in base currency.
Additionally, currency and Metals conversion use the same API endpoints and you can use them to convert any amount from one currency to another, from one metal to any metal, or from any currency to any metal.