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Goldsikka Launches India’s First AI-Powered Gold Melting ATM.

Banking & Finance | Dated: 08 May 2025

In May 2025, Goldsikka Limited, based in Hyderabad (Telangana), unveiled India’s first Artificial Intelligence (AI)-powered gold melting Automated Teller Machine (ATM). This cutting-edge ATM allows users to buy, sell, exchange, lease, digitize, and monetize gold and gold jewellery.

🎯 Key Highlights:

  • - The ATM features an integrated Augmented Reality (AR) experience, enabling customers to virtually try on jewellery before purchasing.
  • - The machine operates with zero human intervention, allowing customers to buy gold using credit or debit cards and also sell gold.
  • - When selling gold, customers deposit their gold into the machine, which then melts it. The purity and value of the gold are displayed, and once the customer accepts the value, the amount is transferred to their bank account.

💡 Other Important Facts:

  • (i) The process of depositing and selling gold takes around 30 minutes, during which the machine takes the depositor's photograph and verifies their Aadhar card and ID proof.
  • (ii) In case any criminal record is found in the transaction, the ATM will withhold the gold and automatically alert the police.
  • (iii) In 2022, Goldsikka launched India’s first real-time Gold ATM.

📚 Test Your Knowledge:

Recently, which company launched India’s first AI-powered Gold Melting ATM?

Correct Answer: Goldsikka Limited

🚀 Quick Recap: