In this article, we will discuss Bullion Exchange. So, let’s get started.
- Bullion refers to physical gold and silver of high purity that is often kept in the form of bars, ingots, or coins.
- Bullion can sometimes be considered legal tender and is often held as reserves by central banks or held by institutional investors.
- The Government had notified in August 2020 about the Bullion Spot Delivery Contract and Bullion Depository Receipt (BDR) with underlying Bullion as Financial Product and related services as Financial Services.
- Bullion Exchange:
- A bullion Exchange is a market through which buyers and sellers trade gold and silver as well as associated derivatives.
- There are various bullion markets around the world with the London Bullion Market known as the primary global market trading platform for gold and silver.