How The Spot Price of Gold Works
Dr .Greg Gerrie:
The spot price of gold is defined as the current market price at which that particular product can be bought or sold at a certain place and time.
"To put it simply, the spot price of god is the price that currency traders can buy and sell gold future contracts, it is not the price at which you can buy the physical gold."
Small quantities of Gold Bullion that customers can purchase is usually set at slightly higher price than what the spot price of gold.
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