World’s First Real Time Gold ATM Launched In India

Gaurav Singh
December 7, 2022 Updated October 8, 2024
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Gold ATM has started in the country on 5 December 2022. Hyderabad-based company, Goldsikka with the help of Hyderabad based firm Opencube Technologies has installed Real Time Gold ATM . People can withdraw pure gold coins from this ATM using their debit and credit cards.

According to C. Taruj, CEO of Goldsikka, people can buy gold coins ranging from 0.5 grams to 100 grams using this ATM. You can also see the coin prices live on the ATM screen. The coins will be delivered in a certified tamper proof pack.

The 24×7 available ATM has turned quite a few heads since its installation in collaboration with OpenCube Technologies Pvt Ltd, a Hyderabad-based software company providing solutions for diverse financial and banking requirements.

In 2010, the world’s first gold ATM was opened in the lobby of the Emirates Palace Hotel in Abu Dhabi. People could withdraw gold coins From this ATM. Today there are many such ATMs in Dubai, from which gold bars ie gold biscuits and gold coins can also be withdrawn. This ATM machine is also covered with a thick layer of gold and here customers get many options of 24 carat gold coins and gold biscuits. Along with Dubai, gold ATMs have also been installed in Germany and America many years ago.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Gaurav Singh works as video Producer for Coingape, covering Crypto and other Crypto related issues. He has done his Engineering From AKTU. His areas of interest include crypto, finance and policy. Find him on X: @Kumar643Singh
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.