bullion market

bullion market

a MARKET established for the buying and selling of precious metals such as GOLD and silver, and of gold and silver coins such as ‘Krugerrands’ and ‘Sovereigns’. The London Bullion Market is a leading centre for such transactions.

bullion market

a MARKET engaged in the buying and selling of precious metals such as GOLD and silver and gold and silver coins such as ‘Krugerrands’ and ‘Sovereigns’. The London Bullion Market is a leading centre for such transactions.
References in periodicals archive ?
The London Bullion Market Association (LBMA) said it would lobby for gold, silver, platinum and palladium to be considered highly liquid assets.
According to the London Bullion Market Association, Wednesday, the price of gold stood at $1,331 per ounce on the day, up 3.53 percent from its new-year figure.
Pakistan remains a relatively small bullion market which largely relies on imports.
Since then, it has been expanding exponentially in portfolio and team size, while working in partnership with an international team of experts, and in accordance with the guidelines of the London Bullion Market Association, to give expert advice and professional physical metals service to a global clientele.
This significant move will open up access for them and permit accumulation of Gold as part of their savings, while ultimately contributing to the development of the region's bullion market."
'We can confidently say now that we have a finished product which can be sold on the international bullion market as Ghana's Hallmarked Gold,' he said, adding that, it provides the impetus in the industrialisation agenda of the government, which is mainly to add value to our natural resources, including precious metals.
Gold plunges by Rs 49 to Rs 29,338 per 10 gram at the bullion market mainly due to muted demand from local jewellers even as the metal strengthened on the global market.
The GCC VAT Framework Agreement (Article 35) gives more specification as to the refining rate of such precious metals of no less than 99 per cent and its validity for trade in the world's bullion market. The precious metals referred here are gold, silver and platinum.
Intercontinental Exchange (NYSE:ICE), a operator of global exchanges and clearing houses and provider of data and listings services, has announced that ICE Benchmark Administration (IBA) expects to begin administering the benchmark and operating the Auction underlying the London Bullion Market Association (LBMA) Silver Price from 25 September 2017, subject to regulatory approval, the company said.
PESHAWAR -- Environmentally harmful, the practice of gold processing, refining and polishing of gold by burning it in acid, continues in bullion market of Peshawar, posing serious health hazards to populace of Andersher locality in the interior city.
The deal makes ICBC Standard - which was formed last year after the Industrial and Commercial Bank of China bought a controlling stake in Standard Bank's global markets business - the first Chinese lender to own a vault in London, bringing it closer to the city's lucrative bullion market.