Spot Price

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Dictionary Says

Definition of 'Spot Price'

The current price at which a particular commodity can be bought or sold at a specified time and place.
Investopedia Says

Investopedia explains 'Spot Price'

In other words, the price that is quoted if you want to buy any commodity today.

Related Definitions

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    Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. ...
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  • Forward Rate

    The amount that it will cost to deliver a currency, commodity, or some other asset some time in the future.
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  • Spot Commodity

    A commodity traded on the spot market. That is, with the expectation of actual delivery, as opposed to a commodity future that is usually not delivered.
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    • Spot Market

      1. A commodities or securities market in which goods are sold for cash and delivered immediately. Contracts bought and sold on these markets are immediately effective.2. A futures ...
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    • Spot Delivery Month

      Used in commodity trading, this is the nearest of the months currently being traded in which a commodity could be delivered.
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    • Spot Trade

      The purchase or sale of a foreign currency or commodity for immediate delivery. Spot trades are settled "on the spot", as opposed to at a set date in the future. Futures transactions ...
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    • Implied Rate

      An interest rate that is determined by the difference between the spot rate and the forward/futures rate. The degree of relative costliness of a future rate can be assessed by comparing ...
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    • Average Rate Option - ARO

      An option used to hedge against fluctuations in exchange rates by averaging the spot rates over the life of the option and comparing that to the strike price of the option. Average rate ...
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    • Spot Premium

      The money an investor pays to a broker in order to purchase a single payment options trading (SPOT) option. With a SPOT option (also called a binary option) the investor chooses the ...
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    • London Spot Fix

      A price per ounce for each of the precious metals (gold, silver, platinum and palladium) determined daily at 10:30 and 15:00 GMT by a brief conference call among the five members of the ...
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