Now buying gold has become as easy as withdrawing money from an ATM machine. Gold Coin Company of Hyderabad has installed Gold ATM machine. The company claims that it is the country's first real-time gold dispensing machine. The firm's first ATM has been installed at Ashoka Raghupathi Chambers, Begumpet. According to the firm, it is easy to use and is available 24x7.

How to buy gold from ATM?

Customers can use their debit, credit card to buy gold from ATM. Firstly, they need to insert their debit/credit card in the Gold ATM and enter the PIN. After this, they have to enter the amount of gold they want to buy. The gold will come out after the payment is completed. Gold price updates are based on live prices.

Capacity to hold 5 kg gold in ATM

Pratap, Vice President of Goldsikka, said that the ATM has the capacity to hold up to 5 kg of gold. Its cost is around 2-3 crores. The ATM machine can dispense coins ranging from 0.5 grams to 100 grams. There are eight options available including 0.5 gm, 1 gm, 2 gm, 5 gm, 10 gm, 20 gm, 50 gm and 100 gm.

What if gold is not received after debiting the money?

For safety, the machine has things like inbuilt camera, alarm system, external CCTV cameras. There is also a customer support team for the convenience of the customers. At the same time, Pratap told that if the gold does not come out even after the amount is debited, then the money will be returned within 24 hours of the transaction being pale. We have dedicated customer support for any kind of assistance.