Customers can now use their debit or credit cards to purchase pure gold coins from the ATM at Raghupathi Chambers in Begumpet, India’s first gold ATM.
Nizams: At Raghupathi Chambers in Begumpet, India’s first gold ATM, customers may use their debit or credit cards to purchase pure gold coins.
With assistance from the Hyderabad-based company OpenCube Technologies, Goldsikka debuted their first gold ATM in Begumpet, claiming it to be the first real-time gold ATM ever built.
According to Sy Taruj, CEO of Goldsikka, consumers can use their debit or credit card to purchase gold coins ranging from 0.5 grams to 100 grams using this ATM.
“The prices are presented live on the screen to make it transparent and clear for customers, and the coins are delivered in tamper-proof packaging certified with 999 purity,” he explained.
In addition to the airport, the company plans to install three machines in Warangal, Karimnagar, and the ancient city of Hyderabad. According to Taruj, 3,000 gadgets will be introduced in India during the next two years.
The launch event was attended by Sunitha Lakshma Reddy, chair of the Telangana Women’s Commission, Ambika Burman, chair of Goldsikka, P. Vinod Kumar, CEO of OpenCube Technologies, and M. Srinivas Rao, CEO of T-Hub.
Sunitha Lakshmareddy, the Telangana Women Commission Chair, established the gold ATM centre.
According to the company, customers can purchase gold coins from 0.5 to 100 grams and receive a certificate proving their purity and weight. Gold ATMs will be available around the clock. The gold ATMs will be installed in Hyderabad’s Guljar House, Secunderabad, and Abids, as well as Peddapalli and Karimnagar.
