Gold ATM: The jewelry manufacturer Goldsikka Pvt Ltd has introduced a new gold atm in Hyderabad with the help of Open Cube Technologies Pvt Ltd. Now customers has can buy gold coins with the help of debit cards and credit cards in hassle-free methods. This innovative idea was acclaimed to be the nation’s first yellow metal vending machine.
According to Sy Taruj, CEO, Goldsikka, Gold coins will be filled at regular intervals. It can be purchased through debit or credit cards. Gold ATM machine will dispense the coins in the denomination of 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams, and 100 grams (in multiples of 5 grams) in 24-carat. Moreover, this Gold ATM is interlinked with the Gold price discovery global grid and financial management to know the price dynamics of the market on a real-time basis.
How to use Gold ATMs
- Gold ATMs are similar to other ATM machines.
- Insert a debit or credit card.
- Enter the PIN.
- Now, select the denominations or value of coins required.
- Gold coins will be dispensed from the vending machine.
Gold ATM Location
It is the first Gold ATM in India which was located at Goldsikka office complex, Begumpet, Hyderabad. They plan to extend their service in Hyderabad, Karimnagar, and Warangal. After getting a good response, these Gold ATMs will be installed across the nation.