Current Affairs Exam

Hyderabad gets India’s first real-time Gold ATM

Unlike usual ATMs that dispense , the Goldsikka ATM dispenses Gold coins. In what is India’s first gold ATM, people can insert

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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.

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