Hyderabad gets India’s first real-time Gold ATM

Tags: Economy/Finance National News

Hyderabad-based Goldsika Pvt Ltd has installed a Gold ATM, which is claimed to be the country's first real-time gold dispensing machine.

Important facts

• This is India’s first and the world’s first real-time Gold ATM.

• Each ATM has a capacity of holding upto 5kgs of gold which is worth around Rs.2-3 crores. 

• The ATM machine dispenses coins ranging from 0.5 grams to 100 grams. 

• There are 8 available options, including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams and 100 grams. 

• People can come here and get the coins directly instead of going to jewellery shops.

• These coins are 24-carat gold and 999 certified. The customers will get their investment returns at a live price without any wastage. 

• The important feature of the ATM is prices are updated live.

About India's first gold ATM in Hyderabad

• Gold ATM has a diverse set of uses, is easy to use, is available 24x7, and allows you to buy gold within your budget.

• Gold ATMs allow customers easier access so that everyone can use their debit card for credit card for making transactions.

• Through these Gold ATMs, buyers can instantaneously purchase actual gold using any credit or debit card. 

• It work like every other ATM.