spot price

American  

noun

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

---

spot price British  

noun

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

---

Example Sentences

DAT Solutions, a load board matching truckers and loads, said average spot prices for flatbed truck transport rose about 6% in December from a year earlier.

From The Wall Street Journal

In commodity markets, this unusual dynamic where spot prices eclipse futures prices is known as backwardation.

From MarketWatch

The latest run-up in copper and lithium spot prices has underpinned the gains in Chile’s materials sector, which helped the country’s equity market outperform its Latin American peers.

From Barron's

“That said, we remain constructive on gold, and elevated spot prices may help cushion near-term earnings despite weaker operating performance.”

From The Wall Street Journal

“Silver prices fluctuate, but misidentifying items can cost far more than waiting for a slightly better spot price.”

From MarketWatch