What is bullion market & trade?

The Bullion Market is the place where buyers and sellers trade gold and silver and their associated derivatives. The London Bullion Market is known as the primary global bullion market trading platform for gold and silver.

Bullion is gold, silver, or other precious metals in the form of bars or ingots. The purity and mass of these metals define their value. The trading of these precious metals is called Bullion Trade. Bullion market trading is known to have a very high turnover rate and most transactions are conducted electronically or by phone.