What is the spot price for gold?

The spot price for gold is the current price being sold on the day and time of the transaction, although individuals can’t buy gold at a spot price. However, you can try to buy near its spot price. Gold prices are determined per ounce and on quality as well. Some get spot prices confused with futures prices.

Is spot gold the same everywhere?

Because an ounce of gold is the same whether it is in the U.S. or in Japan, the spot gold price is theoretically the same everywhere. Of course, differing currency values can have an effect on gold as well, and dealer premiums can also vary. Using the spot price of gold, the yellow metal can be bought anywhere using any currency.

What factors affect the spot price of gold?

Many factors can affect the spot price of gold, such as the value of a currency, speculations of the market, gold futures fluctuating, current global events, and the demand for gold. Spot prices update each minute across the world and will update in accordance with the given time zone.

What is the history of gold spot?

Gold Spot was one of the three brands of carbonated soft drink started in India by Parle Bisleri under the initiative of its founder Ramesh Chauhan in 1977 after the exit of Coca-Cola. PepsiCo had already left the Indian market in 1962 due to slow sales.