What is Bullion?
Bullion refers to precious metals, such as gold or silver, in the form of bars, ingots, or coins that are typically used as a store of value or for investment purposes. Bullion is usually in a highly pure form, often 99.9% or higher in fineness. It is traded on the global market based on its weight and purity. Bullion bars or coins are commonly purchased by individuals or institutions seeking a tangible and stable asset. The value of bullion is determined by the current market price of the underlying precious metal and is subject to supply and demand dynamics.