Harrods department store announced on Thursday it had joined with Swiss refiner Produits Artistiques Metaux Precieux to offer gold bars weighing 12.5kg.

Harrods, established in 1834, is the first London shop to offer gold in-store. The bars are being kept in a miniature vault on the lower ground floor.

The price of gold has soared in recent weeks as the dollar weakens, reaching another record high of US$1,063.60 an ounce (28.3g) on Thursday.

Harrods would not reveal the price of a 12.5kg bar, but at current market rates it would be about £285,000 ($466,000).

The range of gold, including bars and investment coins, will be sold at the Harrods Bank, on the London store’s lower ground floor.

Source: Swissinfo