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On Gold websites, what is meant by spot price?

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Gold websites quote a priice for a gold coinn plus spot price.
What does tjhat mean?
asked Nov 30, 2012 in Collectibles by anonymous
   

1 Answer

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Spot Price refers to the up to date price the market will pay for a designated amount (Typically an ounce when referring to gold or silver) of a precious metal or other commodity such as Gold.

answered May 17, 2013 by christinek Inquisitive Expert (23,700 points)
edited May 17, 2013 by christinek

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