spot price

American

noun

the price of spot goods or of commodities on the spot market.

spot price British

noun

the price of goods, currencies, or securities that are offered for immediate delivery and payment

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

While most of its cargoes are sold through long-term contracts, the company sells some directly into the market at spot prices.

From Barron's

The spot price of gold reached a record high in January, breaking past $5,000 per troy ounce for the first time.

From The Wall Street Journal

“Overall, solid quarter, but the bar continues to be a moving target given the recent lithium spot price action,” wrote Citi analyst Patrick Cunningham on Wednesday.

From Barron's

Investors who buy physical coins and bars should consider secure storage and will pay dealers a small percentage above or below spot prices when they buy and a sell, which adds to the cost.

From The Wall Street Journal

“Using current spot prices we forecast today´s downgrades to consensus estimates will be offset by mark to market upgrades to commodity prices if current strength continues,” the analysts say.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023