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bullion (noun) gold and silver, especially in the form of bars.
Large quantities of gold and silver, in the form of bars, are bullion. Gold and silver as business commodities are also bullion. 'The bullion market has been steady over the week.' This means that the prices of gold and silver over the past week have been steady. The stock of bullion a country has is an index of its prosperity.
- The New York bullion market sets the price trend for the sale and purchase of bullion in the rest of the world.
- The price of bullion fluctuates, and on it depends the exchange rates of the dollar and the pound.