India’s first gold ATM launched in Hyderabad: India’s first Gold ATM and world’s first real-time Gold ATM has been launched at the Begumpet, Hyderabad. Goldsikka with technology support from Hyderabad-based startup, Opencube Technologies has launched its first Gold ATM at Begumpet and described it India’s first Gold ATM and world’s first Real Time Gold ATM.
The ATM was set up by the Goldsikka in collaboration with Opencube Technologies (Technology support). In this ATM, people can insert their debit or credit cards into the Goldsikka and buy gold coins. 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. “The prices are displayed live on the screen making it transparent and clear for the customers and the coins are dispensed in tamper proof packs certified with 999 purity,” he said.