Hyderabad Gets India's First Real-Time Gold ATM

Goldsikka Limited, a 4 year old corporation, is announced as Indias first and the worlds first real-time gold ATM . ATM machine accepts coins ranging from 0.5 grams to 100 grams .

Hyderabad (Telangana): The Goldsikka ATM dispenses Gold coins, rather than traditional ATMs that dispense cash.People can insert their debit or credit cards into the Goldsikka and buy gold coins at India's first gold ATM.The ATM can hold 5 kilograms of gold.On December 3, Goldsikka Pvt Ltd launched its first Gold ATM with Technology assistance from Ms OpenCube Technologies Pvt Ltd, a Hyderabad-based startup company, on 8 different levels for the amount of gold.

We're into bullion trading.Our CEO had a novel way to dispense gold coins at an ATM machine, according to his CEO.After doing a bit of work, we found out that it is possible.We worked with OpenCube technologies, a start-up company.

The ATM machine accepts coins ranging from 0.5 grams to 100 grams.There are 8 available sizes, including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams, and 100 grams.Instead of going to jewellery stores, people can come here and get the coins at the station.These coins are 24-carat gold and 999 certified.

The ATM's most useful feature is that the prices are updated regularly.We use the London bullion market as our market year.The prices are updated and displayed on the computer, as are the fees.Up until the afternoon, we had a footfall of about 20 people.

He said, We are planning the next 3-4 machines in Hyderabad at the airport, old city, Ameerpet, and Kukatpally.We also received orders from Karimnagar and Warangal.We're focusing on Telangana first, since there is already a name for Bangaru Telangana.We will also go to South India and operate around 3,000 ATMs across the region over a period of time.

We will also produce a version 2 of this machine.On the security characteristics of the ATM, he said that it has a built-in camera and a sound alarm system.We have already taken care of the required security requirements for other ATMs.The ATM has a built-in camera and a sound detector system, which will alert if someone tries to tamper with it.He said, We have three external CCTV cameras and we are also getting tied up with local police departments.

If the transaction goes wrong, one will usually receive it back within 24 hours.We also have dedicated customer support for any inquiries, according to Hafsa Taruj, one of the founders of Goldsikka.The common man will not be required to go to jewellery showrooms hesitantly for small quantities of gold, according to Hafsa Taruj.The coins in our ATMs range from 0.5 gram to 100 gram.

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