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Use An API To Get Gold Rates In Singapore Dollar

Do you live in Singapore? Would you like to invest in gold and know when is the best time to do it? Well, you are in the correct post!

Gold has been used as a precious metal throughout human history. This is due to its strength, beauty, rarity, and the fact that it is very easy to work with. In fact, when the tombs of the pharaohs in Egypt were excavated, many gold masks, statues, coins and many jewels were found. Today, it is still the most famous metal of all; in the Olympic Games for example, it is used to reward the best athletes.

As for its current uses, about three quarters of the world’s gold production is consumed in jewelry for its unparalleled beauty. Its industrial applications, especially in electronics, consume 10-15%. The remainder is divided between medical and dental jobs, coinage, investment, and reserves for the government and private individuals.

The explanation in most of its uses is due to its constant revaluation as a material. For several decades, gold has risen in price steadily, with occasional very small dips. In the last 20 years its price has risen 550%, which explains why many use it as an investment or savings. Therefore, the people of Singapore, living in a country with such a high GDP per capita, surely use gold as an investment.

Use An API To Get Gold Rates In Singapore Dollar

To keep up to date with its prices and know when to invest, it would be best to use Metals-API.

Why Metals-API?

Metals-API is a lightweight open source API, which gives its users the opportunity to view precious metal prices in real time. One of these metals is gold. This information is obtained from the most reliable sources around the world, such as the prestigious London Metal Exchange or the European Central Bank. Furthermore, Metals-API uses a wide range of programming languages like JSON.

On the other hand, it is understandable that a Singaporean want to see prices in their currency and not in other currencies such as Chinese yuan or euro. Fortunately, Metals-API uses a conversion system between more than 170 currencies from around the world. That is, the answer is YES, the residents of Singapore will be able to see the gold prices in their usual currency.

One tip, before starting to use this system, we recommend reading all the documentation. Anyway, if you don’t want to read so much, it also includes a Quick Start Tool, to start faster and easier. If you have any questions, contact the following email: [email protected].

Use An API To Get Gold Rates In Singapore Dollar

Also published on Medium.

Published inAppsApps, technologyTechnology
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