Taking money from ATMs is common these days. But, did you hear about taking gold from ATMs? Yes. Gold is now available in ATM machines also. Goldsikka ATM – India’s first Gold ATM and world’s first real-time gold ATM allow people to withdraw gold coins just like cash from this gold ATM using their debit or credit cards. The Gold ATM was recently launched in Begumpet, Hyderabad.
Goldsikka Pvt Ltd a gold distributor company, installed its first Gold ATM on December 3 in collaboration with M/s Opencube Technologies Pvt Ltd – a Hyderabad-based startup for technology support. The Gold ATM allows customers to buy gold without going to a physical jewellery store.
This is how a Gold ATM works :
It is available 24×7 and allows customers to buy gold within budget. It has a capacity of storing 5 kgs and offers 8 options for the quantity of gold starting from 0.5 gms to 100 gms. The company stated that the Gold ATMs are a reflection of the demand from customers. This Gold ATM supplies in denominations ranging from 0.5 gms to 100 gms. Anyone can make transactions for Gold using the ATM with a debit card or credit card.
How to purchase gold from the Gold ATM?
*Swipe debit, credit or smart card in the ATM.
*Select the given option to buy the gold.
*Then select the price and gold.
*Enter security pin
*The ATM will dispense the gold coins.