Gold atm machine in india

GOLD to go® have developed the world’s first gold vending machine. The Gold ATM vending machine is an unmanned point of sale. It offers an extraordinary opportunity to purchase gold bars and coins of assured quality with the ease-of-use of a vending machine. Prices are updated in real-time. The Gold ATM vending machine is burglar-proof and tamper-resistant. It has an excellent, simple user interface, which makes it very easy to handle. This opportunity differs from normal savings and investments and offers an exclusive addition to your investment portfolio. A truly amazing gold investment without the drawbacks of personally handling physical gold. You will not find this on offer from any financial adviser. We have agreed placement rights within some of the UKs most lucrative and exclusive areas to optimise returns. A Gold investment without any associated risks. Investing money has never been so profitable and Gold investment brings the greatest returns. If you are interested in this opportunity please use the Functions The software application of the GOLD to go® ATM’s are controlled by an internal PC (w/ UPS). The PC is connected to the german system-network via secure VPN tunnel. Data connection is conducted via LAN . The gold vending machines have the following functions: • Issue of up to 10 different products • Self-explanatory user interface via 19″ inch touch screen in local language or multilingual • Windowed showcase for selected product for verification of purchas...

Hyderabad: Goldsikka Ltd, a digital platform that allows buying and selling gold, has announced the launch of India's first gold ATM. The buyers can use all credit and debit cards to buy physical gold instantly through these gold ATMs. The company also provides pre-paid and post-paid smart cards for buying gold as easy as withdrawing money from any automatic teller machine (ATM). To bring the first of its kind gold ATM in India, the company has entered into an agreement with Trunix Dataware LLP, a Chennai based firm, which is into providing software solutions for diverse financial and banking requirements and KL Hi-Tech Secure Print Ltd, who are pioneers in providing secure print products and smart solutions to many banks globally. "We are specialised in buying and selling of gold jewellery, gold bullions and gold coins with surety and purity without any human intervention and dependence of unknown and untrusted people. For this, we will launch 60 per cent of our ATMs in rural areas. We will dispense gold coins at the best price in the market," said Sy Taruj, CEO and Promoter of Goldsikka Ltd. He said, "Goldsikka aims to give the gold at most competitive price in the market. The gold rates will be changing according to real time live prices. The gold ATMs will make the precious metal available to the common man on the street like currency notes from any ATM. We will install three prototype ATMs at Gulzar House, Secunderabad and Abids within 40 days." The company is going e...

New Delhi: Hyderabad-based Goldsikka Pvt Ltd in collaboration with a city-based startup Opencube Technologies Pvt Ltd has set up a gold ATM in Hyderabad’s Begumpet, which is said to be country’s first real-time yellow metal dispensing machine. Sy Taruj, CEO of Goldsikka, said customers can use their debit or credit cards to buy gold coins of different denominations ranging 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,” Telangana Today quoted Taruj as saying. He said they also plan to install these machines in Karimnagar and Warangal. Taruj said that plans were afoot to launch 3,000 machines all over India in the next two years. Sunitha Lakshma Reddy, the chair of the Telangana Women’s Commission, as well as Ambika Burman, the chair of Goldsikka, P Vinod Kumar, the CEO of Opencube Technologies, and M Srinivas Rao, the CEO of T-Hub, attended the launch event. • Lord Ram was 'kept in a tent' under previous govt, says Uttar Pradesh CM Yogi Adityanath Adityanath laid foundation stones and inaugurated 217 development projects worth Rs 414 in Sonbhadra, and said people of the region had honoured Lord Ram when he visited it • Nehru Memorial Museum and Library is now Prime Ministers' Museum and Library Defence Minister Rajnath Singh, who is also the vice president of the society described prime ministers as an institution and com...

The Vice President of Goldsikka Pratap said, "Goldsikka Limited is a company incorporated 4 years back. We are into bullion trading. Our CEO got an innovative concept of dispensing gold coins through an ATM machine. After doing a bit of research, we found out that it is possible. We tied up with a start-up company, OpenCube technologies. They and our in-house department which gave design and development support with respect to technology." Pratap said that the important feature of the ATM is that the gold prices are updated live. "Each ATM has a capacity of holding upto 5kgs of gold which is worth around Rs.2-3 crores. The ATM machine dispenses coins ranging from 0.5 grams to 100 grams. There are 8 available options, including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams and 100 grams. People can come here and get the coins directly instead of going to jewellery shops. These coins are 24-carat gold and 999 certified. The customers will get their investment returns at a live price without any wastage. The important feature of the ATM is prices are updated live. We take the London bullion market as our market year. The prices there are updated and displayed on the screen and so are the taxes. Today, we had a footfall of around 20 people till the afternoon. We are hoping that more people would use this," he said. On the safety features of the ATM he said that the ATM has a built-in camera and sound alarm system. "We have already taken care of the required...

Published: Mon 5 Dec 2022, 10:33 PM Last updated: Mon 5 Dec 2022, 10:55 PM Unlike usual ATMs that dispense money, the Goldsikka ATM dispenses gold coins. In what is India's first Gold ATM, people can insert their debit or credit cards into the Goldsikka and withdraw gold coins. The ATM has a capacity of storing 5kg of gold. There are 8 available options for the quantity of gold starting from 0.5 grams to 100 grams. Goldsikka Pvt Ltd launched its first Gold ATM with Technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based startup company on December 3. This is India's first first real-time Gold ATM. The vice-president of Goldsikka, Pratap said: "Goldsikka Limited is a company incorporated 4 years back. We are into bullion trading. Our CEO got an innovative concept of dispensing gold coins through an ATM machine. After doing a bit of research, we found out that it is possible. We tied up with a start-up company, OpenCube technologies." Pratap said that the important feature of the ATM is that the gold prices are updated live. A woman withdraws gold coins from India's first Gold ATM in Hyderabad on Monday. — PTI "Each ATM has a capacity of holding up to 5kg of gold which is worth around Rs20-30 million. The ATM machine dispenses coins ranging from 0.5 grams to 100 grams. There are 8 available options, including 0.5 grams, 1 grams, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams and 100 grams. People can come here and get the coins directly instead of going ...

Goldsikka Pvt Ltd launched its first Gold ATM with technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based startup industry on December 3, 2022. The ATM is India’s first and the world’s first real-time Gold ATM. Unlike other ATMs that give money, the Goldsikka ATM dispenses Gold coins. People can insert their debit or credit cards into the Goldsikka and purchase gold coins. The ATM can store 5kgs of gold and it provides 8 options for the quantity of gold starting from 0.5 grams to 100 grams. Hyderabad | Real-time gold ATM, which dispenses gold coins, installed in the city It's a venture by (company) Goldsikka where customers can buy gold from an ATM machine. 24-carat gold coins between 0.5-100 gms are dispensed through the machine: Pratap, Vice-President, Goldsikka Real-time Gold ATM: Key details • Goldsikka Limited has been incorporated 4 years back. And after tying up with Open cube technologies, they together brought the design and developed the technology. • Each ATM holds a capacity of up to 5kgs of gold i.e. of around Rs 2-3 crores. • The machine dispenses coins ranging from 0.5 grams to 100 grams. • A total of 8 options will be available including 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50, and 100 grams. • People can get the coins directly from the machine instead of going to jewelry shops. The coins are 24-carat gold and 999 certified. • For safety purposes, the ATM has a built-in camera and sound alarm system. Real-time Gold ...

Based on the notion that flowers are “more expensive[…] They wilt and you (as a man) don’t get as many points at home as if you bring gold,” the German company TG Gold-Super-Markt began providing the public a service for which it clamored: ATMs dispensing funds in cold, hard bullion in place of cash. After a single-day test run in a Frankfurt train station, the world’s first gold bar-dispensing ATM opened to much fanfare in the lobby of the Emirates Palace hotel in Abu Dhabi in 2010. Since its debut in the UAE, a small but mighty array of these counterintuitive little machines have cropped up around the world – arguably the most fitting of which can be found in the lobby of Las Vegas’ Golden Nugget Hotel and Casino. By removing the overhead costs of a brick-and-mortar store, Gold To Go’s people suggest that the service it offers its clientele is one of supreme value, bolstered by the opportunity to invest in economically stable, tangible goods available in the blink of an eye. But, when catering to a demographic for whom traditional demonstrations of wealth and thoughtful gestures simply won’t do, it’s important to diversify the product being offered, as the novelty of owning a one-size-fits-all gold bar loses its luster quickly. It follows, therefore, that in addition to offering 24-carat bars in 1, 5 and 10 gram sizes, the ATM also has a built-in “gift box” option. Inside these gift boxes, gold coins embossed with symbols such as a maple leaf, kangaroo, and more can be c...

* ATM sells gold, silver and diamonds in minutes * India jewel shopping traditionally lavish affair * Overseas interest for automated machines MUMBAI, Dec 2 (Reuters) - Teenage girls pose for pictures beside the latest arrival in Mumbai’s modern Phoenix Mills mall -- a gold ATM machine selling jewellery and $600 gold coins -- but for more than just window-shopping, it faces stiff competition from traditional stores. India’s first such machine may be grabbing the attention of passers-by in the world’s biggest bullion market, but upstairs in an air-conditioned store, the sparkling gold and silver bangles offered by smiling sales assistants have customers grabbing their credit cards. “I’m skeptical about buying from the machine,” says 26-year-old Shalini, a self-confessed jewellery addict. “I suppose it’s a good idea for people who might be in a rush, but it’s just much more fun to go to a real shop, and it makes buying something more special,” she says, standing next to the ATM in India’s financial capital, her two gold loop earrings glittering. India’s obsession with gold and jewellery is legendary. The country consumed more than 900 tonnes of bullion last year, and demand looks set to stay strong with a growing middle-class and rising incomes, despite high prices that are hitting sales now. Indian fund houses offer systematic investment plans (SIPs) in gold, alongside rising interest in gold-pegged exchange-traded funds. Many banks run television spots to sell accounts wit...

Gold Dispensing ATM ‘Spotted’ In Hyderabad (ANI) Gold ATM in Hyderabad: Goldsikka Private Limited, a Telangana-based fintech company has launched an ATM in Hyderabad that dispenses gold. Just like cash dispensing ATMs, customers who need gold can simply walk into the ATM vestibule and buy gold coins using their credit and debit cards in seconds. Gold investments have been made easier with the launching of this new system. Goldsikka’s Gold ATM gold dispensing service is reported to give out pure and hallmarked gold coins. Customers can buy gold coins weighing up to hundred grams. This is said to be a game-changer in the market. Also Read: • • • DISPENSES 24-CARAT PURE GOLD COINS CERTIFIED BY 999 According to Goldsikka Private Limited, the gold ATM idea has solved the issue of people who want to buy pure gold coins for the purpose of gifting and investments but are wary of the purity and quality of the commodity. Customers have eight options to buy such gold coins: 0.5 grams, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams, and 100 grams. These coins are 24-carat pure and certified by 999. GOLD ATM PLACED AT BEGUMPET Goldsikka, founded four years ago, is into bullion trading and they came up with the idea four years ago for which they partnered with OpenCube Technologies which designed the gold ATM. The gold ATM has been set up in the Begumpet area of the city and it can hold up to 5 kilograms of gold, worth Rs 3 crore. The company plans to launch three machines in Hy...

WATCH: India gets world's first-ever 'Gold ATM', here's where it is located, how you can use it, and all you need know WATCH: India gets world's first-ever 'Gold ATM', here's where it is located, how you can use it, and all you need know Goldsikka Pvt Ltd launched its first Gold ATM with Technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based startup company on December 3. Unlike usual ATMs that dispense money, the Goldsikka ATM dispenses Gold coins. In what is India's first gold 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. Goldsikka Pvt Ltd launched its first Gold ATM with Technology support from M/s OpenCube Technologies Pvt Ltd, a Hyderabad-based startup company on December 3. This is India's first and the world's first real-time Gold ATM. The Vice President of Goldsikka Pratap said, "Goldsikka Limited is a company incorporated 4 years back. We are into bullion trading. Our CEO got an innovative concept of dispensing gold coins through an ATM machine. After doing a bit of research, we found out that it is possible. We tied up with a start-up company, OpenCube technologies. They and our in-house department which gave design and development support with respect to technology." Pratap said that the important feature of the ATM is that the gold prices are updated live. "...