Gold ATM Service: Now put gold in ATM and get money immediately, know how

Smart Gold ATM has been made by China’s Kinghood Group. This machine scans the gold ornaments, melts them, weighs them and checks their purity. After this, the machine transfers the amount according to the price of gold directly to the bank account of the person selling the gold.

Gold ATM in China: The price of gold is setting new records day by day. In the Indian market itself, the price of gold crossed Rs 1 lakh on Tuesday. In such a situation, the trend of selling old jewellery has also increased among the people. Till now you must have heard about such gold ATMs, in which you get gold coins on depositing money. But now a new type of gold ATM has been installed in a mall in Shanghai, China. This gold ATM allows people to sell their gold jewellery and give money in 30 minutes. No paperwork is required for this.

How does a gold ATM work?

This smart gold ATM has been made by China’s Kinghood Group. This machine scans the gold jewellery, melts them, weighs them and checks their purity. After this, the machine transfers the amount according to the price of gold directly to the bank account of the person selling the gold. This machine accepts only gold jewellery weighing more than 3 grams and having at least 50% purity.

Tremendous enthusiasm among people

According to reports, long lines are being formed in front of this machine. Due to the price of gold reaching record levels, people are excited to sell their old and family jewellery. According to the report of Chinatimes.com, the craze for this machine is such that all the appointments to use the machine have been booked till May. From this, it can be clearly estimated how much people are liking it.

Earning lakhs in 30 minutes

It was shown in an exhibition that on selling a 40 gram gold necklace, 785 yuan (about 9,200 rupees) was received per gram. In this way, 36,000 yuan (about 4.2 lakh rupees) was paid in half an hour. People are liking this fast and easy method a lot. Experts say that this machine is an example of the technology of the coming times. The price of gold has increased rapidly in the last few months, due to which people want to sell their gold.

Gold being recycled from the machine

Shanghai Gold Association member Xu Weixin said, ‘This machine works to recycle gold. Due to the increase in the price of gold, people want to convert it into cash. The central bank and big investors are increasing the gold reserve, due to which the price is going up further.’

Demand for gold in India too

The rise in the price of gold is being seen not only in China but also in India. India is one of the largest gold markets in the world. Here people are showing interest in both investment and sale.

Why is this machine special?

Selling gold from this gold ATM is saving people’s time. This machine works in a completely transparent manner. People are able to sell their gold jewellery immediately without any paperwork hassle.

The post Gold ATM Service: Now put gold in ATM and get money immediately, know how first appeared on informalnewz.

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