Shopping locally, after champagne and gold (11)

I believe the answer is:

krugerrands

I'm a little stuck... Click here to teach me more about this clue!

'locally after champagne and gold' is the definition.
I know nothing about this answer so I can't tell whether it can be defined by this definition.

'shopping' is the wordplay.
I cannot really understand how this works, but
'shopping' could be 'errands' and 'errands' is present in the answer.
The remaining letters 'krug' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

I've seen this clue in The Times.

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