Hyderabad has now its first gold atm which can be used by customers to withdraw gold anytime. Jewellery manufacturer Goldsikka has collaborated with a start up- open cube Technologies Pvt Ltd. to open the first ever Indian gold atm .
The ATM has the capacity of storing 5kgs of gold .There are 8 available options for the quantity of gold starting from 0.5 grams to 100 grams. People can directly withdraw the gold coins without going to the jewellery shop.
These coins are 24 carat gold and 999 certified .The most important feature of this ATM is prices are updated live and it will be available 24 hours a day.
The first ATM was set up at Begumpet. The gold ATMs will also be installed in Guljar house , Secundrabad and Abis in Hyderabad , as well as Peddapalli ,in Karimnagar and Warangal, said Pratap, the vice president of 'Goldsikka'.
Report by Nandini Chawla
Graphics by Jasmine Malik
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