What is Spot Price? The spot price is the current price in the marketplace at which a given asset—such as a security, commodity, or currency—can be bought or sold for immediate delivery. While spot prices are specific to both time and place, in a global economy the spot price of most securities or commodities tends to be fairly uniform worldwide when accounting for exchange rates. In contrast to the spot price, a futures price is an agreed upon price for future delivery of the asset. Interested in learning more? Related articles What is SPX Reference? What is Straddle? What is Structural Dealer Positioning? What is the Rule of 16? What is Short Selling?