In this post, you will find the top API to get live gold rates in Kerala.
India has the main gold market worldwide, accounting for 25% of its consumption. This metal is closely associated with religious worship. It is estimated that the citizens and temples of India accumulate around 24,000 tons of gold. 80% of that amount is in the hands of families, while the temples have more than 4,000 tons.
In the city of Kerala, there is a strong widespread heyday of this metal. In addition to its sacred and ceremonial uses such as weddings, many see gold as a way to secure their savings. That is why they see the metal as a safe asset against the instability of the stock markets. The state of Kerala tops the statistics for per capita monthly spending on gold jewelry, with about 400 rupees ($5.7).
According to the World Gold Council, consumption in India has fallen 56% year-on-year in the first half of 2020. Demand in the April-June quarter has sunk 70% to 63.7 tonnes, the lowest since the financial crisis in 2008.
In addition to jewelry, many Indians hold gold bars and pieces as insurance against inflation. Many pawns it in exchange for loans or better interest rates. In Kerala, some have used their wife’s dowry jewels to obtain a credit of 200,000 rupees (2,260 euros, US$2,666) to compensate for significant losses suffered during the lockdown.
Use An API
To better understand the state of the gold market in Kerala, you need to take a look at the live rates. In this way, you can have an accurate overview of the market and choose a better time to buy. That is why it is very necessary to use an API.
An application programming interface (API) is used by programmers to design applications and web designs with pre-established information. In this case, it is necessary to obtain one that provides live Kerala (India) gold rates along with other data, for example, fluctuation.
With complete information and specific markets, you can become sophisticated as a gold buyer. Being one of the most famous metals in the world, it goes without saying that you can find any type of inaccurate or old information on the internet. If you want accurate and updated information use Metals-API. It is one of the most complete APIs, with prices of the specific markets that you are looking for.
Why Metals-API?
This API will be very useful if you are the final consumer or if you want to integrate this information into your digital media. Being able to include this data will show you as a serious and truly beneficial company for your customers. They will feel supported and comfortable.
It is an LME rates API that obtains information from the most relevant markets. It is accurate for one minute and can be used in JSON as well as PHP and Python. You can find gold prices from Kerala but also from other cities in India such as New Delhi. You will also be able to compare the prices of that country with others such as the costs of this metal in China. It’s also a New York Rates API.