By Admin 
Gold ATM: We often have to make rounds of jewelers to sell the gold kept with us. However, this will not happen in the coming days. Fintech company Goldsikka has launched AI-powered gold ATM machines for the first time in the country. It has been installed in Hyderabad. Through this, people can now sell old gold and the money will be credited to your bank account within minutes. This means that now customers will not have to go to the gold shop to check its purity and wait for the bargain.
To sell old gold jewellery, coins etc. we have to go to shops. There one had to wait for hours for purity check, valuation and price discussion with the jewelers and only then one got the cash. This process is a bit lengthy. But now this work will be done in minutes through this AI-enabled gold melting machine. This new system works completely automatically. Let us know its step-by-step process?
- First of all, as soon as gold is placed in the machine, it immediately starts melting it.
- With the help of AI technology, it is easily ascertained how pure the gold is and what is its weight.
- After this, the system immediately calculates the price based on the live market rate.
- The final amount is directly credited to the customer’s bank account.
That means it is clear that there is no need for paper transactions or human help.
Many more features of Gold ATM
Artificial Reality (AR) technology has been used in the machine. Through this, customers can try-on virtual jewellery. That means you can see which jewelery will look good on them. Apart from this, coins ranging from 0.5 grams to 100 grams can be purchased directly from the machine. You can access it 24 hours a day.
Strict security arrangements have also been made in the machine so that no one can misuse it. Under this, customers will have to complete KYC verification before the transaction. Apart from this, the system also checks criminal records and if any activity is found suspicious, the transaction will be blocked immediately.
Also read:
Silver breaks record; Prices doubled in two and a half months, investors’ interest in bricks and coins increased