Country's first gold ATM opened in Hyderabad, gold coins will be dispensed instead of cash

Country's first gold ATM opened in Hyderabad, gold coins will be dispensed instead of cash

Daily Current Affairs   /   Country's first gold ATM opened in Hyderabad, gold coins will be dispensed instead of cash

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Category : National Published on: December 07 2022

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  • The Hyderabad-based Goldsikka Pvt Ltd has set up a gold ATM , which is claimed to be the country’s first real-time gold dispensing machine.
  • Instead of money, gold coins will come out of this machine.
  • The ATM has a capacity of storing 5kgs of gold. There are 8 available options for the quantity of gold starting from 0.5 grams to 100 grams.
  • Goldsikka Pvt Ltd launched its first Gold ATM with Technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based startup company on December 3.
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