pmarket store Harrods says its wealthy clientele have been buying more gold amid the uncertainty caused by Brexit - and it has now launched an online bullion service for those who cannot get to the Knightsbridge store in person.
While uncertainty has been one factor behind an increased demand for gold, its sharp recovery in price has also encouraged more buying.
The price of the precious metal has risen approximately 30pc this year, with demand from some of the biggest markets, such as China, growing fast.
- 'Buy gold' searches soar 500pc after Britain votes to leave EU
- Gold bullion coins and bars – how to buy
Harrods's service, which is run by the department store’s banking division, offers bars from 1g up to 12.5kg.
As with all bullion services, there is a mark-up above the gold "spot price".
On Friday morning a one ounce bar cost £1,054.50 via Harrods new online service. The spot price was £998.41 at the time.
Harrods's price compared reasonably with other online sellers, such as bullionbypost.co.uk, which was charging £1,049 for the same measure.
Harrods first started selling gold bullion in its stores in 2009. All gold is investment grade and comes from PAMP, an independent metals specialist.
It is currently displaying a 12.5kg gold bar, worth around £400,000, in the window of its Knightsbridge store.
Buyers will need to produce proof of identify, such as a passport, driving or shotgun licence to make a purchase.
Harrods's Simon Martin said: "Following the EU referendum we have seen a dramatic increase in demand for gold from risk-averse investors."
No comments:
Post a Comment