Gold ATM has started in the country on 5 December 2022. Hyderabad-based company, Goldsikka with the help of Hyderabad based firm Opencube Technologies has installed Real Time Gold ATM . People can withdraw pure gold coins from this ATM using their debit and credit cards.
According to C. Taruj, CEO of Goldsikka, people can buy gold coins ranging from 0.5 grams to 100 grams using this ATM. You can also see the coin prices live on the ATM screen. The coins will be delivered in a certified tamper proof pack.
The 24×7 available ATM has turned quite a few heads since its installation in collaboration with OpenCube Technologies Pvt Ltd, a Hyderabad-based software company providing solutions for diverse financial and banking requirements.
In 2010, the world’s first gold ATM was opened in the lobby of the Emirates Palace Hotel in Abu Dhabi. People could withdraw gold coins From this ATM. Today there are many such ATMs in Dubai, from which gold bars ie gold biscuits and gold coins can also be withdrawn. This ATM machine is also covered with a thick layer of gold and here customers get many options of 24 carat gold coins and gold biscuits. Along with Dubai, gold ATMs have also been installed in Germany and America many years ago.
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Source: https://coingape.com/worlds-first-real-time-gold-atm-launched-in-india/