spot price

noun

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

spot price

noun

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

Example Sentences

The notional value is the trading volume multiplied by the spot price.

From Quartz

The spot price of natural gas soared to 70-times what it would normally be in Minnesota, and gas utilities paid a hefty premium when they used the daily market to match demand.

From Ars Technica

The spot price of gas jumped 30-fold as far west as Southern California.

From Washington Post