Spot cash for gold refers to the practice of selling your gold items — such as ornaments, broken jewelry, coins, or even gold bars — for immediate cash based on the current market price (spot rate) of gold. This is a convenient option for people looking to access funds quickly without going through lengthy loan processes or credit checks. The term "spot" indicates that the value is calculated at the current market price, and "cash" means you get paid on the spot — in hand or via immediate bank transfer.