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26th March, 2020

BÁV sold out of gold

As demand for gold bars has skyrocketed since the state of emergency was declared on March 11, BÁV has sold all of its stock, the pawnshop chain announced yesterday.

The entire 20kg of stock was sold within a week for some Ft 370 million.

One buyer bought 2kg of gold, BÁV highlighted, adding that it is purchasing additional bars now.

Gold sales at BÁV increased by 60% last year.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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