We are not resellers of Gold and Silver market data. The "hits" you buy are to help pay for and control the bandwidth required to offer this XML & JSON web service, you are not paying for the Gold and Silver price data. By purchasing "Hits" on this web site you indicate that you accept that the XML & JSON Gold and Silver live price web service we offer is NOT of a quality suitable for traders and is offered without guarantee on a best effort basis.
How it works
Gold and Silver prices are freely available on the Internet in various formats, graphs, tables, tickers etc. These are fine for people to watch, but are difficult for web developers to use on their own web site. Our robots do the hard work, and collect Gold and Silver data from various sources on the internet then filter and clean the data and package it in easy XML & JSON format for web developers to use. For 21 years we have offered this Gold and Silver price data for free and continue to do so.
How accurate is the data?
The Gold and Silver price data we provide is surprisingly accurate. Remember "live market prices" are not static, they are time sensitive. The Gold and Silver markets can be extremely volatile, meaning that prices can change very rapidly over a short period of time. For example, the gold price may spike up 5 dollars, then return to where it was in a matter of seconds. Obviously, with a XML & JSON web service price feed like ours which updates every 30 to 40 seconds, that move could be missed completely. Likewise, our Gold and Silver XML or JSON price may show the very top of the spike. What you are seeing with our Gold and Silver price feed is a "snapshot" of the price at an instant in time. You may find this price is not identical to the various other snapshots of Gold and Silver prices on other web sites due to timing discrepancies. This does not mean that one or the other price is inaccurate or that our XML or JSON feed is wrong.
Why must I pay if the data is free?
In 2011 the huge expansion of the smart phone market changed the way people interact with the web and thousands
of smart phone "price widget" apps became popular. Many "smart phone" developers started using our live Gold and Silver web service price feed to update
their widgets. But they didn't play fair, and instead of designing their app to collect the XML or JSON prices from their own
server, they sent hundreds of thousands of phones to our site to fetch the Gold and Silver prices, some of them hitting our site to download an XML or JSON service
every 5 seconds, even though our Gold and Silver price web service updates at approximately
2 minute 30 to 40 second
intervals. We implemented the nominal payments to control the bandwidth.
Please see our explanation here.