Finance:Goldsikka ATM

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Short description: World's first gold-dispensing ATM

Goldsikka ATM is an automated teller machine in Hyderabad which is India's first [1][2] and the world's first real time gold ATM.[3][4]

History

It was launched by Goldsikka Pvt. Ltd. with the collaboration of OpenCube Technologies Pvt. Ltd. in 3 December 2022 at Ashoka Raghupathi Chambers, Begumpet.[5][6][7][8] It was inaugurated by Vakiti Sunitha Laxma Reddy, Chairperson of Telangana Women's Commission.[9] In December 2023, Goldsikka ATM was launched at Ameerpet metro station, that dispenses Gold and silver coins.[10]

Functions

It can dispense gold coins ranging from 0.5 grams to 100 grams.[11][12][13] In the machine, people can use credit or debit card.[14] It gives 24/7 service to their customers[15] and also gives the live price of gold.[16] The gold will be of 24 carat and can store 5 kg gold.[17][18] It gives pure and hallmarked gold coins.[19] Its price is updated from the London bullion market.[20] Its coins are dispersed in packs which are tamper proof and certified with 999 purity.[21] The ATM will return money to bank if there will be any failed transaction.[22]

References

  1. ↑ "World's First Real Time Gold Atm Machine in Hyderabad INDIA | Goldsikka" (in en). https://goldsikka.com/gold-atm. 
  2. ↑ "Gold ATM in Hyderabad pitched as first-of-its kind| 5 points" (in en). 2022-12-06. https://www.hindustantimes.com/india-news/gold-atm-in-hyderabad-pitched-as-first-of-its-kind-5-points-101670286815945.html. 
  3. ↑ "India gets world’s first gold ATM in Hyderabad; here’s how it works" (in en). 2022-12-06. https://www.businesstoday.in/latest/corporate/story/india-gets-worlds-first-gold-atm-in-hyderabad-heres-how-it-works-355349-2022-12-06. 
  4. ↑ "Golden news for city of Nizams: Hyderabad gets India's first real time Gold ATM" (in en). 2022-12-04. https://www.timesnownews.com/hyderabad/golden-news-for-city-of-nizams-hyderabad-gets-indias-first-real-time-gold-atm-article-95982570. 
  5. ↑ "Hyderabad: India's first gold ATM launched at Begumpet" (in en-US). 2022-12-04. https://www.siasat.com/hyderabad-indias-first-gold-atm-launched-at-begumpet-2471885/. 
  6. ↑ "India’s 1st gold ATM comes up in Hyderabad". https://www.newindianexpress.com/cities/hyderabad/2022/dec/05/indias-1st-gold-atm-comes-up-in-hyderabad-2525151.html. 
  7. ↑ "Hyderabad gets India's first real-time Gold ATM" (in en). https://www.aninews.in/news/national/general-news/hyderabad-gets-indias-first-real-time-gold-atm20221205224330/. 
  8. ↑ "India’s first gold ATM comes up in Hyderabad" (in en). 2022-12-05. https://www.firstpost.com/india/indias-first-gold-atm-comes-up-in-hyderabad-11753171.html. 
  9. ↑ "Country's first gold ATM inaugurated in Hyderabad". https://www.etvbharat.com/english/national/state/telangana/countrys-first-gold-atm-inaugurated-in-hyderabad/na20221204153740798798813. 
  10. ↑ "Goldsikka opens upgraded version of Gold ATM to dispense gold, silver coins". https://www.thehindubusinessline.com/markets/gold/goldsikka-opens-upgraded-version-of-gold-atm-to-dispense-gold-silver-coins/article67687139.ece. 
  11. ↑ "India’s first gold ATM and world's first real time gold ATM launched in Hyderabad" (in en-US). 2022-12-04. https://telanganatoday.com/indias-first-gold-atm-and-world-first-real-time-gold-atm-launched-in-hyderabad. 
  12. ↑ "First gold ATM of India to be launched in Hyderabad" (in en-US). 2022-03-18. https://munsifdaily.com/news/regional-news/hyderabad-news/first-gold-atm-of-india-to-be-launched-in-hyderabad/. 
  13. ↑ "Hyderabad gets India's first real-time Gold ATM" (in en). https://timesofindia.indiatimes.com/business/startups/companies/hyderabad-gets-indias-first-real-time-gold-atm/articleshow/96026915.cms. 
  14. ↑ "Hyderabad gets India's first real-time Gold ATM". The Economic Times. https://economictimes.indiatimes.com/news/india/hyderabad-gets-indias-first-real-time-gold-atm/articleshow/96016789.cms. 
  15. ↑ "India's first Gold ATM launched in Hyderabad" (in en). 2022-12-04. https://www.thehansindia.com/news/cities/hyderabad/indias-first-gold-atm-launched-in-hyderabad-771810. 
  16. ↑ "Buy gold at ATMs: India's first gold ATM comes up in Hyderabad" (in en). 2022-12-06. https://www.livemint.com/news/india/buy-gold-at-atms-india-s-first-gold-atm-comes-up-in-hyderabad-11670294495343.html. 
  17. ↑ "India First: Gold ATM Launched In Hyderabad | What It Is And How To Use It" (in en). 2022-12-06. https://english.jagran.com/business/world-first-gold-atm-launched-in-hyderabad-10056483. 
  18. ↑ "India gets world's first-ever 'Gold ATM', here's where it is located, how you can use it, and all you need know" (in en). https://www.freepressjournal.in/india/watch-india-gets-worlds-first-ever-gold-atm-heres-where-it-is-located-how-you-can-use-it-and-all-you-need-know. 
  19. ↑ "Gold Dispensing ATM ‘Spotted’ In Hyderabad" (in en). 2022-12-06. https://www.india.com/business/gold-dispensing-atm-spotted-in-hyderabad-5784032/. 
  20. ↑ "World’s First Real-Time Gold ATM Makes Debut in Hyderabad" (in en). 2022-12-06. https://www.news18.com/business/savings-and-investments/worlds-first-real-time-gold-atm-makes-debut-in-hyderabad-6549991.html. 
  21. ↑ "Now, gold can be bought from an ATM too" (in en). 2022-12-04. https://www.thehindubusinessline.com/markets/gold/now-gold-can-be-bought-from-atm-too/article66222236.ece. 
  22. ↑ "Now, you can buy gold at ATMs — Here's how it works" (in en). 2022-12-06. https://www.cnbctv18.com/personal-finance/now-you-can-buy-gold-at-atms-heres-how-it-works-15337731.htm. 




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