Spot Price is the current market price at which an asset (like gold, stocks, or commodities) can be bought or sold for immediate delivery.
The Spot Price reflects the real-time value of an asset in the market. Transactions at this price are settled immediately or within a short period (typically T+1 or T+2).
Spot prices are widely used in commodity markets (gold, oil), stock markets, and forex trading.
Trading and pricing in India are monitored by exchanges like the National Stock Exchange and Bombay Stock Exchange under regulation of the Securities and Exchange Board of India.
"If gold is trading at ₹60,000 per 10 grams today, that is its spot price."