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    The “spot price” refers to the current market price for a troy ounce of raw gold, silver, platinum, or palladium. This price is “fluid”, changing throughout the day, and updated on our site every 45-60 seconds.
    Remember, the spot price is simply the price at which a commodity (in our case gold, silver, platinum, and palladium) could be transacted and delivered on RIGHT NOW.

    in Terminology