WHAT IS SPOT GOLD MARKET ?

• The international Spot Gold Trading Market is a physical market and has no central exchange.

• The major participants in this Spot Gold Market are central banks, prime multinational banks, large corporations, brokerage houses and individual investors.

• It is a high liquidity market mainly due to large transactions generated by the primary market , interbank , financial institutions , large corporations and insurance companies deal with each others in huge quantities.

• The growth of the average daily volume of Spot Gold Market has been phenomenal and is currently trading at the tune of USD 3.0 Trillion a day, having grown from an already large USD 1.0 Trillion a day back in 1990.

• Unlike stocks and futures market, there are always readily buyers and sellers in the market, therefore investors will have prerogative to open or close a position at will .

• The Spot Price or Spot Rate of a commodity, a currency is the price that is quoted for immediate (spot) settlement (payment and delivery)