Can you explain the distinction between the spot and retail prices of gold bars?
The market value of gold for instant delivery, as established by international trade, is referred to as the spot price. In contrast, additional expenses such as dealer markup, fabrication, and distribution are included in the retail price of gold bars. Demand, size, and brand are some more variables that affect retail prices. The retail price represents the ultimate cost to consumers and takes into account a number of factors in addition to the intrinsic gold bar price, whereas the spot price serves as a baseline.
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