India’s first gold ATM in Hyderabad
Gold ATMs are unique and designed to dispense gold coins or items made of pure gold. Though they are common in many countries, the concept is new in India. However, India’s first gold ATM will be launched soon in Hyderabad.
Goldsikka Ltd is going to launch the country’s first gold ATM in Hyderabad. These ATMs enable buyers to purchase physical gold directly using their debit or credit cards.
The company also plans to provide smart cards for buying gold. These pre-paid and post-paid smart cards are simple to use. One can buy gold using these cards from ATMs. The machine will dispense gold coins of various sizes ranging from 0.5 grams to 100 grams.
Goldsikka Ltd has entered into an agreement with Trunix Dataware LLP and KL Hi-Tech Secure Print Ltd for this. Trunix Dataware LLP is a Chennai based company that provides software solutions to banking and financial institutions. KL Hi-Tech Secure Print Ltd is a leading Hyderabad-based firm. It provides secure print products and smart solutions to banks.
Goldsikka Ltd is a digital platform that offers many services related to gold buying and selling without any human intervention. Users can buy or sell gold jewellery, gold coins, and gold bullions on this platform. The firm assures pure gold products; at the same time, it aims to offer them at competitive prices in the market.
The firm is planning to launch 60 per cent of its ATMs in rural areas so that rural people can buy directly from the firm without depending on unknown or untrusted people.
The firm will launch gold ATMs in Hyderabad in the coming months. It aims to install three prototype ATMs at Secunderabad, Gulzar House, and Abids in the beginning.
Later, it will extend to other areas in the city. It aims to install at least 3,000 gold ATMs across the country within a year.
Image by timcgundert from Pixabay (Free for commercial use)
You may also like
Image Reference: https://pixabay.com/photos/gold-coin-museum-darling-valleys-1633073/
Recent Posts
- Exciting career opportunities at IMScIMSc Recruitment 2025 is offering 03 contract-based vacancies for the posts of Project Associate I and Library Trainees.
- GST revamp: Know the highlights of the GST Council meetingThe 56th GST Council meeting introduced a new highest-ever 40% slab targeting sin goods and luxury items.
- Modi inaugurates the world’s tallest rail bridge over the ChenabPrime Minister Narendra Modi inaugurated the iconic Chenab Bridge in Jammu & Kashmir on 6th June 2025. This engineering marvel was built as part of the USBRL project, connecting Kashmir with the rest of India.
- Exciting career opportunities at IMSc
What’s new at WeRIndia.com
News from 700+ sources
-
Over 5,000 teachers recruited in last seven years: Tripura CM
-
Nagaland CM Rio unveils major education overhaul at Teachers Day celebration
-
10 arrested with brown sugar from 2 Manipur districts
-
Agreements signed with Kuki-Zo groups will be honoured: Manipur chief secretary
-
Decomposed body of woman recovered from Miran Sahibs Prithvipur
-
Mumbai police on alert after threat message
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply