Costco, $COST, is selling one-ounce gold bars and they are selling out within a few hours, per CNBC.

Reportedly, they were recently fetching just under $1,900, as per discussions on Reddit. As of Wednesday afternoon, spot gold was trading at $1,876.56 per ounce.

Irrespective of the price, gold bars are experiencing robust demand, as highlighted by comments from Costco Chief Financial Officer Richard Galanti on Tuesday. During the company's quarterly earnings call, Galanti noted the high demand for gold bars, emphasizing that they quickly sell out whenever in stock.

For the fiscal fourth quarter, Costco surpassed Wall Street expectations, reporting adjusted earnings per share of $4.86, compared to the anticipated $4.78. Revenue also exceeded projections, reaching $78.94 billion, surpassing the expected $77.72 billion according to Bloomberg data.

While same-store sales, factoring in gas and foreign exchange, were slightly below estimates, increasing by 1.1% instead of the projected 1.87%, excluding gas and FX, sales rose by 3.8%, slightly under the expected 3.92%.

During the earnings call, CFO Richard Galanti remarked that there has been "not been a heck of a lot of change" in consumer spending amid fuel inflation.