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The gold spot price or gold current price, at which the physical gold can be sold or bought at a specified time and place. In contrast, a gold futures price is in relation to its current spot price and time frame in question. The spot price is calculated according to the most recent average bid price offered by the worldwide professional traders.What is gold spot market?
The spot gold market is active and trading for almost 24 hours a day. (Unlike the New York Stock Exchange, for example, which closes overnight.)You’ll pay a little more than the spot price, because manufacturing and distribution costs are added to the cost of the coin or bar, plus a small commission for the dealer.What is the spot price for gold?
The spot price is simply the price at which a commodity could be transacted and delivered on right now. This is in contrast to futures or forward contracts. The spot price of gold refers to the price of one ounce of gold and the spot price of silver refers to the price of one ounce of silver.What is the spot value of gold?
In technical terms, the spot price is effectively an average net present value of the estimated future price of gold , based on the traded futures contracts and the nearest month, called the front month.