Gold ATM in China: You must have heard that give gold and get money… but have you ever heard or seen a gold ATM.
This ATM melts gold at 1,200 degrees Celsius and shows the purity of gold as well as its live price. After which cash comes out from the ATM as per the rate.
The price of gold in India is reaching a record high. So, the country with the world’s largest economy is also moving ahead rapidly in terms of innovation. You must have heard that give gold and get money… but have you ever heard or seen a gold ATM? Yes, something similar has been seen in a big shopping mall in Shanghai, China’s largest city. This is Shanghai’s first gold ATM. Since then, this ATM has become a center of attraction for people.
Melts gold at 1,200 °C
This ATM melts gold at 1,200 degrees Celsius and shows the purity of gold as well as its live price. After this, cash comes out from the ATM as per the rate. Through which you can also transfer money from the bank. Customers are liking these features of this ATM a lot. Transaction of gold from this ATM is very easy. First of all, this machine weighs the gold. It checks whether the gold is 99.99 percent pure or not. But a small service charge is also deducted from this.
A gold ATM in Shanghai, China
It melts the gold and transfers the amount corresponding to its weight to your bank account.
— Tansu Yegen (@TansuYegen) April 19, 2025
importance of gold in india
Just like gold is considered a symbol of prosperity and security in India, it is considered the same in China too. People also use gold as an investment. According to media reports, this ATM has been made by Shenzhen-based company Kinghood Group. This ATM has been installed in more than 100 cities of China. Not only this, another gold ATM is going to be installed in Shanghai as well. This clearly shows that people are liking it a lot. Now customers can easily sell gold without any hassle.
This gold ATM has now become a topic of discussion on social media. People are also commenting on this video. On this, a user said that wow, hopefully we will see gold ATM in India soon. Another user wrote that it is a great product for India but good for chain snatchers.
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