Buying gold at spot price refers to purchasing gold at its current market value, as determined by supply and demand in the price market. It involves buying physical gold, such as bars or coins, rather than investing in gold-related financial instruments like futures or ETFs.
Buying gold at spot price offers several advantages. It allows investors to acquire physical gold directly, providing a tangible asset that can serve as a hedge against inflation and economic uncertainty. Gold is also a relatively liquid asset, making it easy to sell or trade when needed. Historically, gold has been a valuable commodity, maintaining its worth over time, which makes it an attractive investment option for many.