GLOSSARY

Legend

Refers to an inscription that is made on a coin.

Liquidity

Refers to the ability of gold to generate liquid cash much quicker than any other investment avenue. Gold is one of the most highly liquid investments that one can make, especially in India.

London Bullion Market Association

It is the international trade association representing the global Over The Counter (OTC) bullion market. The trading at London bullion market is carried out by members of this association, and it is considered to be the global authority on precious metals.

London Fix

London fix refers to the setting of the price per ounce of several metals (gold, platinum, silver and palladium) by LBMA taking place via a dedicated conference line. This happens twice a day.