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 Gold Prices - Gold prices interest people from all over the world as it can be a great investment. So we've done a site on a variety of aspects including:- current gold prices, live prices, gold coin prices and the spot price of gold.
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The spot price of gold is a price quoted for the immediate settlement of a transaction and quoted in US dollars per troy ounce. It is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold.
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Spot Price of Gold
The spot price or spot rate of a commodity, a security or a currency is the price that is quoted for immediate (spot) settlement (payment and delivery). This is in contrast with the forward price established in a forward contract or futures contract, where contract terms (price) are set now, but delivery and payment will occur at a future date.
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Gold bullion
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For a security or non-perishable commodity like gold, the spot price reflects market expectations of future price movements. In theory, the difference in the spot price of gold and forward prices should be equal to the finance charges, plus any earnings due to the holder of the security. (Taken from wikipedia.org)
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The most relevant links we could find, placed here free
 Wikipedia
- Information about the dynamics of the spot price of commodities. en.wikipedia.org
SPDR Gold Shares
- Some frequently asked questions about the spot price of gold and gold trading. www.spdrgoldshares.com
Wikipedia
- Information about the London bullion market where the bulk of global trading in gold occurs. en.wikipedia.org
Kitco
- This site enables you to keep track of the latest spot price of gold as well as up to date information on gold stocks, mining stocks and bullion dealers. www.kitco.com
The gold price quoted in the international market is the spot price in US dollars per troy ounce. This spot price of gold
is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold. The OTC market accounts for
most global gold trading, and the spot price of gold quoted reflects the information available to the market at any given
time. 
The bulk of global trading in gold takes place in London as this is by far the largest global centre for OTC transactions followed by New York, Zurich and Tokyo. Exchange-traded
trading has grown in recent years with Comex in New York and Tocom in Tokyo generating most of activity. on the London,
New York, Johannesburg and Australian Stock Exchanges.
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Spot charts price of gold
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Although a spot price means a price that is quoted for immediate settlement, spot gold is actually traded for settlement two business days following the trade date, with a business day defined as a day when both New York and London are open for business.
Unlike many commodity markets, the forward market for gold is driven by spot prices and interest rate differentials (similar to foreign exchange forward markets) rather than underlying supply and demand dynamics. (Taken from wikipedia.org)
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