Now not only cash but also gold coins can be withdrawn from ATM, know what will be the cost of gold
A Hyderabad-based company has installed the world's first real time gold ATM. With this, not only currency notes, but gold will also be received. Let's know how it will work?....
You must have gone to your nearest ATM to withdraw money. Currency notes come out as soon as you insert the card into the machine. But imagine if shining gold coins started coming out instead of money... Yes, now the same will be seen in Hyderabad. Actually, here a company has installed the world's first real time gold ATM. This will not get money, but gold. Let's know how it will work?
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This company has installed Gold ATM
The first Gold ATM has been installed in Hyderabad, the capital of Telangana. It has been installed by Gold Coin, a gold trading company. The company has taken this step with the aim of making investing in gold even easier. Through this, investing in gold will now be as easy as withdrawing money from an ATM.
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Gold coins up to 100 grams will be issued
A limit has been fixed to withdraw gold from this Gold ATM. According to this, a cardholder can withdraw gold coins ranging from 0.5 grams to 100 grams at a time. The special thing is that all these coins will be of 24 carat gold. At present, the information about how much gold the user will be able to withdraw at one go has not been revealed.
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Service will be available 24 hours
According to a Business Today report, the gold price dispensed from Gold ATMs will be updated on the basis of live market rates. That is, according to the market price, gold can be extracted from it. It was told by the company that the ATM will be available 24x7 and any customer can use his debit or credit card for the transaction.
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Offering Prepaid-Postpaid Smart Cards
A startup named OpenCube Technologies is behind the entire functioning of this Gold ATM located at the office of Gold Coin Company in Begumpet. Apart from debit and credit cards, prepaid and postpaid smart cards are also being given, which can be used to buy gold coins. According to the report, a maximum of five kg gold coins can be filled in this ATM at a time, which will cost around Rs 3 crore.
