Gold ATM Turns Jewellery into Cash, Instant Money
China’s innovative gold ATM is turning heads—not only in Shanghai but across the globe. Located in the heart of Shanghai and operated by the Kinghood Group, this high-tech machine melts down gold items, assesses their purity and weight, and transfers the cash value directly to your bank account—all within just 30 minutes.
The ATM accepts gold pieces weighing over 3 grams and with a minimum purity of 50%. No paperwork or identification is required, making the process fast, secure, and hassle-free.
This breakthrough in instant gold-to-cash conversion is setting a new trend in how people monetize their unused gold jewellery.
Skyrocketing Gold Prices Fuel Demand for China’s Revolutionary Gold ATM
With gold prices surging, China’s innovative gold ATM is witnessing overwhelming demand. According to reports, people are lining up to convert their old jewellery into instant cash, and the response has been so massive that users now need to pre-book slots to access the machine. As per Chinatimes.com, all appointments are reportedly booked until May—highlighting the machine's popularity.
In a live demonstration, a 40-gram gold chain fetched 785 yuan per gram (around ₹9,200), with the seller receiving over 36,000 yuan (approximately ₹4.2 lakh) credited directly to their bank account—all within just 30 minutes.
Harsh Goenka, Chairman of RPG Enterprises, shared his thoughts on X (formerly Twitter), stating:
“Gold ATM in Shanghai: Drop your jewellery, it checks purity, melts it, calculates value, and credits your account instantly.”
He also pointed out the disruptive potential of this technology in India, suggesting that traditional gold lenders may need to rethink their business models.
“If this comes to India, traditional gold lenders might need a new business model. Transparency in. Exploitation out,” Goenka noted.
Beyond being a technological marvel, China’s gold ATM represents a shift in how people approach wealth and financial transactions. With increasing interest in fast, secure, and paperless services, this machine is paving the way for the future of gold exchange—blending age-old assets with modern efficiency.
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