Spot Price

Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Spot Price.

The current price in a marketplace that an asset (eg, a security, commodity, or currency) can be bought or sold for immediate delivery.  Though spot prices are specific to both time and place, in a global economy the spot price of most securities or commodities tend to be fairly uniform (after accounting for exchange rates).  This is in contrast to a futures price, which is an agreed upon price for the future delivery of an asset.  Futures prices are commonly determined using the spot price of a commodity.