AI- driven gold ATM launched in Hyd

Hyderabad: Goldsikka Ltd, an innovator in the gold and fintech industry, announced the launch of an Artificial Intelligence (AI)-powered gold melting ATM. This state-of-the-art machine offers multiple gold-related services such as, buying, selling, exchange, lease, digitisation, and monetisation. The machine offers an integrated Augmented Reality (AR) experience, allowing users to virtually try on jewellery before making a purchase.

The launch of gold melting ATM incorporated with advanced features follows the real-time Gold ATM introduced in 2022.

“For centuries, gold has been central to Indian culture and security. This gold melting ATM blends that trust with modern technology,” said Sy Taruj, Managing Director and CEO of Goldsikka Ltd.

“It eliminates middlemen, hidden charges, and waiting time, offering unparalleled transparency with digitally recorded, traceable transactions and detailed receipts,” he added.

The ATM utilises AI to assess gold purity and provide its value instantly, with options for bank transfers in 30 minutes, upon monetisation.