Currency plays a very important role as a medium of exchange in transactions on the foreign metal market and in the world of international markets.
To estimate a metal cost, currencies such as the US dollar, the British pound, and the Swiss franc are widely used.Some companies that provide live and historical precious metal rates have made their APIs (Application Programming Interfaces) available to developers so that they can incorporate current and historical metal rates, currency conversion, and other functions into their devices.
There are several APIs available online to learn about precious metals live and historical prices, but if you want to try one, Bloomberg might be one of your first selections. Even so, if you look at what else is accessible on the internet, you’ll come across a number of excellent alternatives:
Metals-API
Metals-API is a lightweight and fast API that offers current and historical precious metals prices. This API provides excellent prices and quotes for precious metals like gold, silver, palladium, platinum, and other commodities over 170 currencies.
With Metals-API.com you can get live real-time precious metals data via API at an accuracy of 2 decimal points and a frequency as high as every 60 seconds.
Key Features
- API for real-time, delayed, historical, and tick-by-tick periodicity
- Real-time precious metals prices API for gold, silver, palladium, and platinum
- Real-time metals price API for base metals and platinum group metals
- Intraday and historical charts AP
- Historical spot and future prices for gold, silver, palladium, and platinum
Key Benefits
- Use a trusted gold price and silver price API used by hundreds of firms in the industry
- Access institutional quality real-time precious metal prices through an easy-to-use API
- Easily embed real-time gold prices and other metals in your applications — including spreadsheets, websites, mobile apps, and other corporate applications
- Dramatically reduce time to market for apps that need precious metal prices
- Eliminate the pains and complexity of legacy feeds by using cloud APIs
Hundreds of developers, SMBs, and big businesses use Metals-API.com every day. Metals-API is the most trusted source for real-time precious metals pricing, thanks to its solid data sources and more than 6 years of experience. You can sign up here.
Metals API Drupal Module and WordPress Plugin
Metals-API Drupal module comes up with comprehensive controls to display desired date metal rates as well as the latest. If you only want a daily snapshot of precious metal prices, this free license is all you need. The drupal module can refresh the rate once a day (every 24 hours) and it will fall within the 50 requests per month that the free license allows. Additional refreshes per day will require a paid license which can be had relatively cheaply. You can also try Metals-API WordPress Plugin which consumes, caches, and produces blocks to display precious metal prices.
Bloomberg
Bloomberg is a high tech, market moving, data driven, cross platform, information company designed to solve global problems.
Bloomberg, the world’s leading provider of business and financial information and news, provides a vital advantage to powerful decision makers by linking them to a diverse network of information, people, and ideas. The Bloomberg Terminal is built on the company’s strength: delivering data, news, and analytics rapidly and accurately through advanced technology. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.
Gold Feed
Their API feed for gold, silver, platinum, and palladium is synchronized with the world spot gold price. They use an algorithm to create a price that is one of the most reliable in the industry by combining pricing from various sources that make their prices accessible to clients. Pricing is used to fuel the stores and applications of the world’s most reputable precious metals dealers.
Their service is reliable and available at all times. If you’re looking for a live pricing solution for your app, website, or just for investment purposes, Gold-Feed is the way to go. With over ten years of experience as a retail dealer in the field, they discovered that the current solutions are either too costly or too inefficient. You can rely on Gold-Feed for round-the-clock service and help. If you need assistance with integration, they may also assist you. Their prices are very competitive, and you get immediate access to the feed once you pay.
Also published on Medium.