GS Retail Co., a retailer based in Seoul, South Korea, has begun testing gold bar vending machines at five locations, including two GS25 convenience stores, according to an insideretail.asia report.
The machines will offer five types of gold products ranging from 1.875 grams to 75 grams, along with commemorative coins.
The trading terms will change daily reflecting international gold prices.
GS Retail introduced the test due to consumer preference for non-face-to-face transactions, greater interest in safe assets and the growth of small investment trends.
The trial will run until August 2023.
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