Definition
Bullion refers to precious metals like gold and silver in their pure form, usually in the shape of bars, coins, or ingots. It is mainly used for investment and is valued based on its weight and purity.
Example
For example, if you buy a 10-gram gold bar, you are investing in bullion. Its value depends on the current market price of gold.
Caution
The price of bullion can change due to market conditions, global demand, and economic factors. Investors should be aware that prices may go up or down over time.