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  2. Apr 15, 2021 · Defining the Spot Price of Gold. The spot price for gold is the current price being sold on the day and time of the transaction, although individuals can’t buy gold at a spot price. However, you can try to buy near its spot price. Gold prices are determined per ounce and on quality as well. Some get spot prices confused with futures prices.

  3. The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a constant state of flux, and can be driven by many different factors.

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  4. To most people, a spot price is merely the price to buy an ounce of gold, silver, platinum, or palladium prior to its conversion into a bar, round, or coin. Specifically, it refers to the price of a troy ounce, which is roughly 10% heavier than a standard ounce, but that’s mostly a semantic difference to the layman.

  5. Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.

  6. Aug 11, 2023 · what is spot gold? Simply put, spot gold is the value of gold right at this moment, and the spot price is exactly what it sounds like: the price that gold can be bought and sold right now, as opposed to some other later date and time in the future.

  7. 2 days ago · What is the Spot Price of Gold? The spot price of gold is the market price at which one ounce of gold can be bought and sold for instant delivery. The gold spot price is constantly changing, making it crucial to remain updated on performance indicators such as market conditions and current events because they greatly affect the buying and ...

  8. The spot gold price refers to the price of gold for immediate delivery. In other words, when you buy gold you pay the spot price at that moment, plus fees.

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