What is Gold Bullion-Definition
The specifications of bullion are regulated by market bodies or legislation. In the European Union, the minimum purity for gold bullion which is treated as investment gold with regard to taxation is 99,5% for gold bars and 90% for gold coins.
The price of gold bullion is influenced, by demand from companies who use gold to make jewelry, and other products, and by perceptions of the overall economy. For example, political, or financial instability, affects the price of gold bullion.