metals spot price
Spot price is determined by the Commodities Exchange (COMEX) in New York; Provident Metals does not affect the spot price of precious metals. What unit of measurement does spot price for copper use? Spot price uses avoirdupois ounces and pounds for copper. Most often, spot price for copper is quoted as a price for 1 avdp pound. Learn about the copper buying process What is ask price? The amount a dealer requires to sell bullion is the ask price. It is based off spot price; as spot price increases, ask price will also increase.