“Quoted gold price:
Gold spot price – quoted price on a troy ounce (31.1 grams). At this price you can purchase an “”ounce of gold on paper”” (ETF) on the commodities exchange in the United States and England.
Gold market price – The price of a troy ounce (31.1 grams) in which large gold companies are ready to sell an ounce to private consumers is usually 5% above the spot price, since it is the transfer of real ownership of physical gold.”