- Title: World’s first gold coin-dispensing ATM launched in India
- Date: 7th December 2022
- Summary: HYDERABAD, TELANGANA, INDIA (DECEMBER 05, 2022) (ANI - No use India) GOLD COIN DISPENSING ATM SCREEN OF ATM MACHINE READING (English): "WELCOME TO GOLDSIKKA ATM, GOLD RATE 5800 RS ($70)" SIGNBOARD READING (English): "GOLDATM" SIGNBOARD READING (English): "ATM" VARIOUS OF WOMAN USING ATM FOR TRANSACTION TO GET GOLD COIN (SOUNDBITE) (English) VICE PRESIDENT, COMPANY WHICH BUILT GOLD COIN DISPOSING ATM GOLDSIKKA, PRATAP (SURNAME NOT GIVEN), SAYING: "These machines basically dispense the gold coins from 0.5 grams to 100 grams. The range is 0.5 grams, one gram, two grams, five grams, 10 grams, 20 grams, 50 grams, and 100 grams. So, total eight combinations are there and all the people, of whatever be the class, instead of going to jewelry showrooms, they can come here directly and they can get the coins here. So, these coins are 24 karat gold, 999 certified so, they will get their investment return as per the live price without any wastage." HYDERABAD, TELANGANA, INDIA (DECEMBER 07, 2022) (ANI- No use India) VARIOUS OF WOMAN USING ATM FOR TRANSACTION TO GET GOLD COIN MAN COLLECTING SEALED CARD CONTAINING GOLD COIN FROM ATM MAN SHOWING PURCHASED SEALED CARD CONTAINING GOLD COIN (SOUNDBITE) (English and Hindi) CUSTOMER, MOHAMMED BABA, SAYING: "It is the first time that such a technology is being used which helps you buy gold using an ATM. It's a unique experience, that too if you are the first one…you are the one among the first. So, you cannot express the experience in words." GOLD COIN DISPENSING ATM MACHINE SLOT FOR INSERTING DEBIT OR CREDIT CARD IN ATM (SOUNDBITE) (English) CUSTOMER, CHANDRASEKHAR, SAYING: "The experience is good; the entire transaction took less than a minute. So, one whoever goes for investment, I think this is the best way to take gold…it is really nice." VARIOUS OF PEOPLE USING ATM FOR TRANSACTION TO GET GOLD COIN MAN COLLECTING SEALED CARD CONTAINING GOLD COIN FROM ATM MAN SHOWING PURCHASED SEALED CARD CONTAINING GOLD COIN
- Embargoed: 21st December 2022 14:30
- Keywords: 24 karat ATM GoldSikka Hyderabad India coins gold locals
- Location: HYDERABAD, TELANGANA, INDIA
- City: HYDERABAD, TELANGANA, INDIA
- Country: India
- Topics: Asia / Pacific,Human Interest/Brights/Odd News,Society/Social Issues
- Reuters ID: LVA001H62ILOV
- Aspect Ratio: 16:9
- Story Text: India launched its first real-time ATM that dispenses gold coins, which is also the first of its kind globally, in southern Hyderabad city.
The gold ATM, which opened its doors to the public on December 03, will allow customers to purchase coins weighing from 0.5 grams to 100 grams. It can store up to 5kg of gold.
"These coins are 24 karat gold, 999 certified so, they will get their investment return as per the live price without any wastage," said the Vice President of the gold ATM company GoldSikka, Pratap.
There are a total of eight combinations that customers can opt for while choosing the weight of the gold coin - 0.5 grams, one gram, two grams, five grams, 10 grams, 20 grams, 50 grams, and 100 grams, added Pratap.
"The entire transaction took less than a minute," said a customer on Wednesday (December 07) when asked how user-friendly the gold ATM is.
The ATM, which was built in collaboration with a Hyderabad-based start-up, OpenCube Technologies Private Limited, will provide its customers with a 24/7 service.
Users can opt for both debit and credit cards to complete their transactions.
India is the world's second-biggest gold consumer. Two-thirds of India's gold demand usually comes from rural areas, where jewellery is a traditional store of wealth. - Copyright Holder: ANI (India)
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