What is the gold spot price
The gold spot price is the current market price for one troy ounce of pure gold for immediate delivery. It's the benchmark that all gold products — coins, bars, jewelry — are priced against, with varying premiums above spot depending on the product.
Spot prices update continuously during market hours, driven by futures trading on exchanges including COMEX in New York. The app displays this live price with a timestamp showing when it was last updated.