Gold and silver, being high value and small bulk, are cited as examples of commodities having a:

1. A commodity has an international market when it is exchanged internationally. 2. Usually high value, small bulk commodities are traded internationally. 3. Gold and silver are the textbook examples of this. 4. Hence the worldwide international market is correct. _Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 4 Unit I "Meaning and Types of Markets", p.3_