Retailer began selling bars of 24-karat gold online in September, with each release selling out ‘within a few hours’
Known for selling goods in bulk, Costco’s latest such offering – gold bars – has proved a hit, with $100m worth sold in the most recent quarter, Business Insider reported.
With demand for the precious metal rising globally amid the economic uncertainty of the past few years, Costco in September began selling 1oz (28g) bars of 24-karat gold exclusively online, with Costco members eligible to buy two apiece. The retailer has more than 72m paid memberships.
About Author
More Stories
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax
Nvidia beats Wall Street expectations in first earnings after DeepSeek’s AI debut