Gold ATMs to be set up in Hyderabad

Several people desire to add gold as an asset class but hold it off since accessing the market is time intensive. The other simple option will be available soon. According to reports, Hyderabad residents will soon be able to purchase gold using ATMs. Goldsikka, which operates several initiatives to promote gold as an asset class, intends to open three gold ATMs in Charminar, Abids, and Secunderabad in the near future, with plans to extend across the nation judging by the response. According to estimates, gold ATMs would be available in Hyderabad within 45 days.

Users will be able to purchase gold from the ATM, which will be confirmed for purity and weight, in denominations ranging from half gramme coins to 100 gramme bars. Gold coins may be purchased with pre-paid, debit, or credit cards.

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