India launched the first ATM where you can buy gold

In the Indian city of Hyderabad (Telengan state) now operates an ATM that allows you to buy gold coins for money with credit or debit plastic cards. The ATM, with a reliable tamper-proof system, holds 5 kilograms of 24-carat gold coins, allowing them to be purchased in eight variations-from 0.5 grams to 100 grams.

According to The Economic Times, this is the first machine of its kind to operate in real time, not only in India but also in the world.

The device was released by the Indian private company goldsikka Pvt Ltd, which has developed an innovative technology for selling gold through the device.

An important feature of the ATM is that the price of gold on its screen is updated in real time in accordance with changes in quotations on the London Stock Exchange. The ATM has a reliable anti-tamper system. It is equipped with a built-in video camera, sound alarm and has a communication line with the police.

According to representatives of Goldsikka, the device provides a convenient opportunity for everyone to invest in gold, avoiding financial losses without visiting banks or jewelry stores.

On the first day of operation, the ATM served 20 customers. Goldsik plans to install 3,000 such ATMs in India and enter the global market with its products.