India’s First Gold-Melting ATM Unveiled by Goldsikka
In a groundbreaking move set to transform the landscape of gold transactions in India, Hyderabad-based Goldsikka has unveiled an AI-powered Gold-Melting ATM. This innovative machine enables users to buy, sell, exchange, lease, digitise, and monetise gold, all through an automated process. Integrated with Augmented Reality (AR), the ATM also allows users to virtually try on jewellery before purchasing, offering a futuristic and user-friendly gold transaction experience.
The Gold-Melting ATM is making headlines as it represents a significant technological advancement in India’s precious metals market. Introduced by Goldsikka, which previously launched India’s first real-time gold ATM in 2022, this next-gen machine comes with zero human interference, enabling secure and transparent gold transactions with added AI-powered authentication and security features.
| Summary/Static | Details |
| Why in the news? | India’s First Gold-Melting ATM Unveiled by Goldsikka |
| Topic | Unveiling of Gold-Melting ATM by Goldsikka |
| Location | Hyderabad, India |
| Technology Used | Artificial Intelligence (AI), Augmented Reality (AR), Aadhaar Verification |
| Key Features | Gold buy/sell, melting, purity test, instant bank transfer, virtual try-on |
| Company | Goldsikka Pvt. Ltd. |
| Future Plans | 100 new machines in India and 100 abroad |
| Security | Photo capture, ID verification, automatic police alert on suspicion |
| ATM Status | Awaiting regulatory approval |
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