Spot Price

The current price in the marketplace.

Detailed Definition

The spot price is the current price in the marketplace at which a given asset—such as a security, commodity, or currency—can be bought or sold for immediate delivery.

Related in Bullion

Zakat

An obligatory Islamic almsgiving tax on wealth.

Gold Standard

A monetary system where currency value is tied to gold.

Safe Haven

An investment expected to retain or increase in value during turbulence.