现货，有两重含义，第一重是实物，另一重含义，则是相对于期货而言。现货和期货大同小异，主要区别在于杠杆及保证金、交易交割时间等差异。

一般而言，如黄金，中国期货的交易杠杆为7-10倍，但现货的交易则不同，并不一定，比如上海金，报价单位为元/克，目前保证金则为15%，即杠杆约为6-7倍。而国际金，即以美元/盎司为报价单位，杠杆则可以去到100倍。而相对于上海黄金交易所，天津贵金属交易所则由以前的12.5倍上升到目前的50倍。

而杠杆则随市场风险而定，同样以黄金作例子，之前纽约交易所则亦因市场动荡而上调杠杆以减低风险。而与期货不一的是，现货则是属于可以即时交割交易的，例如当日某时买进，就可即时卖出。

In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.