Spot price

The spot price is the price at which a metal trades right now on the world market for immediate delivery, as opposed to a futures price for delivery later. For gold and silver the spot price forms continuously from trading in London, New York and Asia and is quoted in US dollars per troy ounce.

The spot price is the reference from which all other prices derive. A dealer sets a selling price of spot plus a premium and a buying price of spot minus a margin. The price Aevumex shows is the spot price in euro per gram, refreshed every minute and converted from dollars at the ECB reference rate.

The spot market trades almost around the clock on weekdays. From Friday evening to Sunday evening trading stops and the price does not move, which is why a day chart shows a flat line at the weekend.

Frequently asked questions

Is the spot price what I pay?

No. Spot is the market price of the metal itself. When buying you pay spot plus a premium for production, distribution and margin; when selling you usually receive slightly below spot.

Why does the spot price differ between websites?

Because of the refresh moment and the conversion to euro. Sources refreshing every minute at ECB rates sit close together; a page refreshing daily can differ by percents.

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