Finance glossary
Spot Price
Definition
The current market price for immediate delivery of an asset.
The spot price is what an asset trades for right now, for immediate purchase and delivery, as opposed to a futures price for later delivery. It is central to commodities and currencies, and the gap between spot and futures reflects carrying costs and expectations.
In a sentence
The spot price of gold was what you'd pay to buy it for delivery today, not months ahead.
Get a word like this every morning
Word of the Day on your Home Screen, with quizzes and flashcards. Get the app →