India’s First Gold Melting ATM Revolutionizes Gold Transactions

India’s First Gold Melting ATM Revolutionizes Gold Transactions

Hyderabad, May 5, 2025: Imagine a machine that knows what you need before you do. Goldsikka Ltd, a pioneer in the gold and fintech industry, proudly announces the launch of its groundbreaking innovation: the world’s first AI-powered Gold Melting ATM. This state-of-the-art machine seamlessly integrates multiple gold-related services, offering users the ability to buy, sell, exchange, lease, digitize, and monetize gold with unparalleled convenience.

Building upon the success of India’s first real-time Gold ATM introduced in 2022, this next-generation ATM incorporates advanced features that redefine gold transactions. Notably, it offers an integrated Augmented Reality (AR) experience, allowing users to virtually try on jewellery before making a purchase, enhancing the shopping experience.

Mr. Sy Taruj, MD & CEO, Goldsikka Ltd.; speaking on the occasion said, we are launching world’s first all in one ATM, in 2022 we launched Gold Realtime world’s first Gold ATM, it’s been accepted across the globe and today our Gold ATM is in most of the states of India and internationally we have gold ATMs at Dubai, Cairo, Russia, Tanzania etc. In this new all-in-one Gold ATM we can buy gold, sell gold, exchange gold, transfer gold, digitize gold, monetize gold, lease gold, except dispensing gold loans, this machine is capable of doing anything and everything in gold, even sell jewelry on its own. This is an Automated Teller Machine, with zero human interference. It is a highly advanced AI and VR integrated and driven platform.  Gold will no more be an ornament, it will be slowly converted into an asset class and will definitely be considered as a currency in the near future. Through this ATM you can buy gold through a credit or debit card and we can also sell gold. In the process of selling gold, when we deposit gold in the machine it will be melted, purity of that gold will be tested, and the value of the pure gold will be displayed on the machine. Once the customer accepts the value displayed by the ATM, the amount can be transferred into his bank account. Also, old gold can be exchanged with new gold. One can also buy ETF, we are working with SEBI and regulators to transfer and buy ETFs. The customer can also buy jewelry from the same machine and transfer money into a digital wallet. The process of depositing the gold in the ATM and getting the money in the bank account will take an approximate time of 30 minutes, during this time it takes the photograph of the depositor, verifies his Aadhar card and ID proof. If any fraud is involved in the gold transaction, the ATM will hold back the gold and will automatically report to the police department. A physical hackathon, the software hackathon, hardware hackathon has already been completed and as of now there is no one who can hack the machine. The ATM costs approximately Rs 40 lakhs. We already have 14 working ATMs all over India and 3 working ATMs globally, in a year’s time we are ready to install 100 machines in India and 100 machines globally.

Key Features:

• Comprehensive Gold Services: Facilitates buying, selling, exchanging, leasing, digitizing, and monetizing gold in one platform.
• Instant Evaluation and Transaction: Utilizes AI to assess gold purity and value instantly, with options for immediate bank transfers upon monetization.
• Augmented Reality Integration: Enables users to select and virtually try on jewellery pieces, ensuring satisfaction before purchase.
• Transparent Transactions: Provides digitally recorded, traceable transactions with detailed purity reports, eliminating hidden charges and middlemen.
• 24/7 Accessibility: Offers round-the-clock access to gold transactions, ensuring convenience for all users.

“For centuries, gold has been central to Indian culture and security. This Gold Melting ATM blends that trust with modern technology,” said Sy Taruj, MD & CEO of Goldsikka Limited. “It eliminates middlemen, hidden charges, and waiting times, offering unparalleled transparency with digitally recorded, traceable transactions and detailed receipts.”

This innovative ATM is a testament to Goldsikka’s commitment to building a tech-driven gold ecosystem, making gold transactions smart, secure, and accessible for all.