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India’s first gold ATM launched in Hyderabad

Reported by:  PTC News Desk  Edited by:  Shefali Kohli -- December 06th 2022 06:53 PM -- Updated: December 06th 2022 07:08 PM
India’s first gold ATM launched in Hyderabad

India’s first gold ATM launched in Hyderabad

Hyderabad: All of us are well aware of the fact that ATM machines are used to withdraw cash. However, In what is India's first gold ATM, people can insert their debit or credit cards into the machine and buy gold coins, as reported by sources.

This is the first real-time gold ATM in India.


The machine is known as Goldsikka ATM and has a capacity of storing five kilograms of gold and eight options for the quantity of gold starting from 0.5 grams to 100 grams. On December 3, Hyderabad-based startup OpenCube Technologies Pvt Ltd provided technology support for Goldsikka Pvt Ltd's launch of its first gold ATM.

- PTC NEWS

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