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Bangkok Post
Bangkok Post
World

India opens first gold ATM

(Photo: Bloomberg)

MUMBAI: From the outside, it looks just like a regular cash dispenser, but this is India’s first “gold ATM”, delivering gold coins at the tap of a button in a country where gold is often seen as a safe and preferred investment.

Set up in the southern city of Hyderabad, the gold ATM is the brainchild of GoldSikka and dispenses gold coins that weigh anywhere between 0.5 and 100 grammes.

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