Goldsikka ATM is an automated teller machine in Hyderabad which is India's first [1] [2] and the world's first real time gold ATM. [3] [4]
It was launched by Goldsikka Pvt. Ltd. with the collaboration of OpenCube Technologies Pvt. Ltd. in 3 December 2022 at Ashoka Raghupathi Chambers, Begumpet. [5] [6] [7] [8] It was inaugurated by Vakiti Sunitha Laxma Reddy, Chairperson of Telangana Women's Commission. [9] In December 2023, Goldsikka ATM was launched at Ameerpet metro station, that dispenses Gold and silver coins. [10]
It can dispense gold coins ranging from 0.5 grams to 100 grams. [11] [12] [13] In the machine, people can use credit or debit card. [14] It gives 24/7 service to their customers [15] and also gives the live price of gold. [16] The gold will be of 24 carat and can store 5 kg gold. [17] [18] It gives pure and hallmarked gold coins. [19] Its price is updated from the London bullion market. [20] Its coins are dispersed in packs which are tamper proof and certified with 999 purity. [21] The ATM will return money to bank if there will be any failed transaction. [22]