Bullion

Bullion refers to precious metals, primarily gold and silver, that are officially recognized for their high purity and economic value. It typically comes in the form of bars, ingots, or coins and is often used as an investment or a store of value. Unlike jewelry, which may have additional costs due to craftsmanship, bullion is valued mainly for its metal content. Its price fluctuates based on market demand, economic conditions, and geopolitical factors, making it an important asset in global finance and a hedge against inflation and currency devaluation.