MOSCOW, December 17. /TASS/. Sunlight will begin selling gold bullions weighing up to 50 grams, the jewelry retail chain reports.
"The sale of gold for investments has become possible thanks to interaction between Sunlight and the Krastsvetmet Refinery. They act on the producer side: refine gold, convert it into bullions, and issue documents. Then we sell gold under the agency agreement," the company said. "We plan to sell bullions in the most popular format - up to 50 grams,"
The company therefore makes the investment market more accessible. "Sales of gold as an investment open a new market niche for us and enable us to attract a new segment of clients," Sunlight said.
It was important for the company to be the first retailer to launch bullion sales. "We essentially start ranking on par with banks. At the same time, we can offer the most affordable price on the market. We plan to sell gold at a price lower than what banks offer," Sunlight said.
The company will also be able to buy back gold from its clients at a price close to the market one. "This is because we work with this metal as a jewelry company and can use it later," it noted.
"Any, even the tiniest, scratch on an investment bullion is critical for banks, and banks do not redeem such bullions or redeem them at a very low price. We have no such constraints. The foregoing pertains to our bullions only - we do not plan, thus far, to buy back gold bullions sold by other banks," the retailer added.