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“Insert cards, withdraw gold coins,” India’s first gold ATM opened – Property Resource Holdings Group

India’s first gold automated teller machine (ATM) opened with the slogan “Insert cards and withdraw gold coins…”

“Insert cards, withdraw gold coins,” India’s first gold ATM opened

Property Resource Holdings Group

India’s first gold automated teller machine (ATM) said “Insert cards and take out gold coins” when it first opened.

On December 5, 2022, the country got its first gold ATM. With the help of a company from Hyderabad called OpenCube Technologies, Goldsikka has set up a real-time gold ATM here. People can use their debit or credit cards to get pure gold coins from this ATM. The CEO of Goldsikka, C. Taruj, says that people can use this ATM to buy gold coins that weigh between 0.5 grammes and 100 grammes.

The prices of these coins are also shown live on the ATM’s screen. The coins will come in a certified package that can’t be opened and is 999 percent pure. But did you know that the first gold ATM was set up in Dubai in 2010? In many places in Dubai, there are gold ATMs. The Emirates Palace Hotel in Abu Dhabi, United Arab Emirates, got the first gold ATM in the world in 2010.

At this ATM, people could get gold coins. Today, there are many of these ATMs in Dubai. You can also get gold bars, also called “gold biscuits,” and gold coins from them. This ATM is also covered in a thick layer of gold, and customers can choose from a variety of 24-karat gold coins and gold biscuits. A long time ago, gold ATMs were also put in place in Germany and the United States, in addition to Dubai.