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A spot gold price is an interesting and sometimes approximate measurement. Some websites define a spot price by sampling different bullion dealers from all around the world and average a price based on their latest quotes. Others use commodity or metals exchange prices, jumping from country to country as one exchange closes and another opens. As online technology has improved so has the quality of these prices. Though it is important to remember that these prices that don't include the additional storage or transportation costs associated with wholesale purchase of gold.
The main recognised markets for gold are
London, New York, Zurich and China
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