World’s First Real-Time Gold ATM To Open In Hyderabad. Get Ready For The Midas Touch! 

gold ATM
by Vaishalee Kalvankar 226

Hyderabad is soon going to house the world’s first real-time and India’s first gold ATM. Yes, you read that right. Now one can buy physical gold just like they withdraw cash from the ATM. You can use your credit card or debit card to purchase gold at the soon-to-be-launched gold ATM in Hyderabad. Goldsikka Limited is bringing this surreal experience to India in the ‘City of Pearls’. Curious to know more? Keep reading. 

Real-Time Gold ATM In Hyderabad

Goldsikka Limited, a digital marketplace for buying and selling gold, announced the launch of the world’s first real-time gold ATM. The company offers prepaid and postpaid smart cards that make purchasing gold as simple as withdrawing cash from any ATM. Hyderabad will house three ATMs at three different sites. The launch of this ATM will be on 3rd December at Ashoka Raghupathi Chambers in Hyderabad. 

Each machine in the city will carry about 5 Kg of gold. You can buy gold starting from 0.5 grams to 100 grams using your card from the ATM. The real-time gold value will be displayed on the ATM screen. The screen will also display the documents that state their guarantee and quality with respect to hallmarks and BIS certifications.   

Also Read: IndiGo To Restart Flights From Hyderabad To Dhaka From December 8

3000 Gold ATMs To Open In India 

Syedar Taruz, CEO of Goldsikka Limited, said that they are planning to install 3,000 gold ATMs all over India within a year.  ATMs will be installed at Gulzar House, Secunderabad, and Abids. The company aims to provide gold at the most competitive price. 

The company will be bringing this gold ATM in association with a Chennai-based firm, Trunix Dataware LLP, and KL Hi-Tech Secure Print Ltd. Trunix Dataware LLP provides software solutions to different finance and banking industries. KL Hi-Tech Secure Print Ltd. is known for providing print products and smart solutions for many banks.

gold ATM

Pic Credits: Hippopx

Also Read: Eclairs Chocolates Stuffed With Gold Paste Seized In Delhi Airport

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Cover Image Courtesy: @goldsikkalimited/instagram and Pexels