What Does Spot Price Mean When Buying Gold Site

In the context of buying gold, the represents the current wholesale market value for one troy ounce of raw, unrefined gold intended for immediate delivery. It serves as the baseline benchmark that dealers use to determine retail prices. Gold (GCW00) -0.41% today As of Apr 29, 5:30 AM EDT • Disclaimer Apr 29, 2026 12:00 AM - 5:30 AM Open4,611.40 Low4,570.50 High4,624.30 Prev close4,608.40 Open interest263419 Understanding Gold Spot Price What Does Spot Price Mean? - Garfield Refining