What do you mean by market price?

[Good-Person]

In simple terms, I think that the market price of a product refers to the retail price of a specific commodity. This is the kind of price of a product in the retail market. This price includes transportation cost and other costs as well. So, is this what we call market price? What exactly is market price in financial markets?

 

[Debashis]

Market price in financial markets refers to the current price at which a particular security or asset is being bought or sold. It is determined by the interaction of supply and demand in the market and serves as a benchmark for valuing the asset.