A Precious Metal Purchase Agreement is a contractual agreement between a buyer and a seller for the purchase and sale of precious metals. Precious metals typically include gold, silver, platinum, and palladium. These agreements outline the terms and conditions of the transaction, including the quantity and quality of the metals being sold, the price at which the metals will be bought or sold, delivery terms, payment terms, and any other relevant terms such as warranties or dispute resolution mechanisms.

These agreements are commonly used by investors, collectors, and companies involved in the production or trading of precious metals to formalize their transactions and ensure clarity and legal protection for both parties involved. They can be tailored to suit the specific needs and preferences of the parties involved and are often used in the context of commodity trading or investment in precious metals.