Gold ATM: If you want to sell old gold and get money into your account immediately, this ATM can be useful for you. Fintech company Goldsikka launched this machine.

Cash will be available in exchange for old gold within 30 minutes, the first gold ATM has been installed in this city of the country.

Gold ATM: We often have to visit jewelers to sell our gold. However, this will no longer be the case in the coming days. Fintech company Goldsikka has launched the first AI-powered gold ATM machine in the country. It has been installed in Hyderabad. Through this machine, people can now sell old gold, and the money will be credited to their bank account within minutes. This means that customers will no longer have to wait at a gold shop to check its purity and negotiate. 

To sell old gold jewelry, coins, etc., we used to have to go to shops. There, we had to wait for hours to negotiate purity checks, valuations, and price with jewelers, before finally receiving cash. This process is a bit lengthy. But now, with this AI-enabled gold melting machine, this task can be done in minutes. This new system works completely automatically. Let's learn the step-by-step process.

• First of all, as soon as the gold is placed in the machine, it immediately starts melting it. 
• With the help of AI technology, it is easily determined how pure the gold is and what is its weight.
• After this the system quickly calculates the price based on the live market rate. 
• The final amount is directly credited to the customer's bank account. 

This means that it is clear that this does not require any paper transactions or human help. 

Many more features of Gold ATM

The machine uses artificial reality (AR) technology. It allows customers to try on virtual jewelry, meaning they can see how a particular piece of jewelry will look on them. Additionally, coins ranging from 0.5 grams to 100 grams can be purchased directly from the machine. It is accessible 24/7.

The machine also has strict security measures in place to prevent misuse. Customers must complete KYC verification before making a transaction. Furthermore, the system also checks criminal records, and if any suspicious activity is detected, the transaction will be immediately blocked.