Spot Price

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What is Spot Price? 

The spot price is the current market price at which an asset is bought or sold for immediate delivery. 

 

Explanation: 

It contrasts with futures prices, which are agreed upon now but executed at a future date. 

 

Practical Example of Spot Price:

 A gold trader buys gold at the current spot price of $1800 per ounce for immediate delivery.

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