Reported 4 months ago
In South Korea, convenience stores in Seoul's Gangnam district are now offering gold bars through vending machines, with prices starting at around $64 for a 0.5-gram bar. This trend has been fueled by the increasing demand for safe-haven assets and the rise of micro-investing. Other convenience store chains like CU have also followed suit, selling out of ultralight gold cards quickly. Online banks like Kbank are also joining the trend, allowing users to purchase gold bars through their apps. However, the Bank of Korea has not purchased gold since 2013, despite a rising interest in gold investment among South Korean consumers.
Source: YAHOO