In financial terminology, the organised market established specifically for the buying and selling of precious metals such as gold and silver is known by which market name?

Introduction / Context:
The question checks basic financial market terminology, specifically the special type of market created to handle trading in precious metals such as gold and silver. Competitive exams often test this concept because gold and silver are important stores of value and their trade is organised differently from normal shares or everyday commodities.

Given Data / Assumptions:

• We are dealing with precious metals, especially gold and silver.
• The market mentioned is an organised market for buying and selling these metals.
• We assume a standard textbook classification of financial and commodity markets.

Concept / Approach:
Financial markets are usually divided into capital markets, money markets, bullion markets, and a few other specialised segments. A bullion market is the recognised market where precious metals are traded in the form of bars, ingots, or coins, usually based on purity and weight. To answer, we recall which term is specifically reserved for gold and silver trading, rather than bonds, shares, or short term funds.

Step-by-Step Solution:
Step 1: Identify that the question is about a specialised market for precious metals such as gold and silver.Step 2: Recall that capital markets mainly deal with long term securities like shares and debentures.Step 3: Recall that money markets handle short term funds and instruments such as treasury bills and commercial paper.Step 4: Recognise that the term bullion refers to gold and silver in bulk form, traded by weight and purity.Step 5: Conclude that the organised market for gold and silver is called the bullion market.

Verification / Alternative Check:
In many financial news reports and economic textbooks, gold prices are quoted as bullion rates. Traders talk about bullion exchanges and bullion dealers whenever they discuss physical gold and silver. There is no similar consistent pairing of these metals with capital market or money market terminology, which confirms that bullion market is the correct technical expression.

Why Other Options Are Wrong:
Capital market is wrong because it mainly deals with long term financial securities, not directly with physical precious metals. Money market is incorrect because it focuses on short term borrowing and lending of funds. Wholesale cash market is a generic phrase and not the standard term used in economics for gold and silver trading. Therefore, none of these alternatives capture the precise meaning that bullion market does.

Common Pitfalls:
Students sometimes confuse any large scale trade with the term wholesale market and may feel that wholesale cash market fits. Others may wrongly assume that any valuable asset is part of the capital market. Another mistake is to think that money market covers all financial dealings, including gold, but in theory it is restricted to short term credit instruments. Remember that bullion is the key word linked to physical gold and silver bars.

Final Answer:
The organised market for buying and selling precious metals like gold and silver is called the bullion market.