Buying gold below spot price refers to acquiring gold at a price lower than the prevailing market price. Spot price represents the current value of gold in the, and it serves as the benchmark for gold transactions. Spot prices are determined by supply and demand dynamics, influenced by various economic and geopolitical factors.
Purchasing gold below spot price can be advantageous as it allows investors to acquire gold at a more favorable rate. This can potentially lead to higher returns when the price of gold increases. Historically, gold has been considered a safe-haven asset, often sought during periods of economic uncertainty or market volatility.