What is a "Spot Price?" :

What is a "Spot Price?"

Modified on Tue, 29 Aug 2023 at 02:25 PM

While metals markets are open across the world, precious metals prices can change from one moment to the next. A spot price is a snapshot at a given point in time, of the current spot market price for these metals. The spot price is based on paper contracts.

NOTE: In normal markets, the price for large bar physical bullion is very close to the “spot” price quoted on large bullion exchanges. However, recent market disruptions have caused a significant increase for actual physical bullion in large bar form over the quoted “spot” price, which is based on paper contracts.  


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