March 20, 2023

Hyderabad’s gold ATM is advertised as the first of its sort.

Hyderabad GOLD ATM

If you’re looking for a place to get your gold fix, look no further than Hyderabad, India. The city is home to the world’s first gold ATM, which was installed earlier this year. The machine, which is located in a mall, dispenses gold bars and coins in exchange for cash.

The Gold ATM has been installed at the head office of an IT company in Hyderabad, Telangana. It aims to install such ATMs throughout the city, especially in rural areas. The gold price hit an all-time high of nearly 54,630 per 10 gms this month.

Each ATM has a capacity of holding up to 5 kg of gold, worth around Rs. 2-3 crores. There are eight options, including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams and 100 grams.

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