By Admin 
Gold ATM: Now a gold ATM has come which not only gives you money immediately, but its purity also melts gold and checks within minutes. This gold ATM in China is not only attracting the attention of the people of Shanghai, but it is being discussed a lot around the world. The special thing about this gold ATM is that it melts gold and weighs the weight after checking its purity. After this, after thirty minutes, the money is sent directly to the bank account.
This gold ATM is being run by the Kingshood Group of China, which accepts the weight above 3 grams, which has at least 50 percent purity. For this, no paper work is required in ATM nor any ID.
Long queues outside Gold ATM
Reports said that due to rising gold prices, long queues of people can be seen outside this gold ATM. There is so much demand for this machine that people have to book slots to use it. It has been further told in the report that till the month of May, all the appointments of this gold machine are booked, which shows how many people are in demand.
According to the report of Chines Times.com, 40 grams of gold was estimated at 785 yuan (about Rs 9200) perague during a demonstration. About 36,000 yuan (Rs 4.2 lakh) was sent to the vendor’s account within half an hour. Harsh Goenka of RPG Enterprises wrote on social media X- “ATM Gold in Shanghai: Insert your jewelery, it will check its purity, melt, its value will come and immediately money will be deposited in your account.”
He said that this gold ATM can prove to be a big threat to the lenders in India. Goenka said- If it comes in India, then a new business model will be developed instead of traditional gold business, which will be transparency and exploitation will end.
Also read: Lakhtakia became gold on seeing this, due to these five factor, gold reached the sky