South Korean convenience store chain GS Retail is now rolling out gold bar vending machines at its locations , and they are proving to be a great hit among customers.
GS Retail, with nearly 14,000 branches all over South Korea, reported that it has already sold a total of $19 million worth of gold bars in the past nine months ending in May. The gold bars were introduced in September 2022 at five of its stores in five sizes, weighing between 0.13 ounces to 1.3 ounces.
“The most popular gold bar is the smallest, the 0.13-ounce one, which is currently priced at around $225,” said one representative of GS Retail to UPI News Korea , who added that the prices of the bars fluctuate daily in accordance with the current international valuations for gold. Nevertheless, this does not seem to deter many adult Koreans from making purchases.
“People in their 20s and […]
Excerpt Sourced From: ourgoldguy.com
