Gold ATM: If you want instant cash in your account by selling old gold, this ATM can be very useful for you. Fintech company Goldsikka has launched this machine.

Gold ATM: We often have to visit jewelers to sell our gold. However, this will not be the case in the coming days. Fintech company Goldsikka has launched the country's first AI-powered Gold ATMs. It has been installed in Hyderabad. Through this, people can now sell their old gold, and the money will be credited to their bank account in minutes. This means that customers will no longer have to wait at the gold shop for purity checks and price negotiations.

To sell old gold jewelry and coins, we have to go to shops. There, we had to wait for hours for jewelers to check the purity, valuation, and price, and only then would we get the cash. This process is quite long. But now, with this AI-enabled gold melting machine, this work will be done in minutes. This new system works completely automatically. Let's understand the step-by-step process:

• First, as soon as the gold is placed in the machine, it immediately starts melting it.
• With the help of AI technology, it easily determines how pure the gold is and what its weight is.
• After this, the system quickly calculates the price based on the live market rate.
• The final amount is credited directly to the customer's bank account.
• Get instant cash in 30 minutes for your old gold: India's first Gold ATM installed in this city
• This clearly shows that there is no need for paperwork or human intervention.

Other features of the Gold ATM

The machine uses Augmented Reality (AR) technology. Through this, customers can virtually try on jewelry. This means you can see how different pieces of jewelry would look on you. In addition, coins weighing from 0.5 grams to 100 grams can be purchased directly from the machine. This service is accessible 24/7.

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