In a city where innovation meets tradition, Hyderabad has just added another first to its name — not just India’s, but the world’s first AI-powered gold melting ATM.
Goldsikka Limited, the Hyderabad-based gold tech company, unveiled its futuristic machine this month. And no, it doesn’t just dispense gold like its much-talked-about 2022 ATM — this new model can buy, sell, melt, digitize, lease, and even virtually dress you in jewellery using augmented reality (AR).
That’s right. A gold ATM that talks to your bank and your fashion sense.
A Glimpse of Gold, 24×7
Back in December 2022, Goldsikka launched the world’s first real-time gold ATM at its headquarters in Begumpet, Hyderabad, in partnership with fintech firm OpenCube Technologies. The idea was simple yet revolutionary: enable people to buy physical 24-carat gold coins (from 0.5g to 100g) using a debit or credit card, anytime, anywhere.
The ATM dispensed coins with live price tracking, no middlemen, and zero human interference. It offered a digital convenience to a deeply traditional transaction.
Now, two years later, they’ve doubled down, with artificial intelligence and augmented reality entering the vault.
🤖 What’s New in the Next-Gen Gold ATM?
Goldsikka’s latest machine adds AI-driven melting and multi-purpose gold utility under one roof. According to Sy Taruj, MD & CEO, Goldsikka Limited, the machine is practically a gold tech lab in a box:
“You can buy gold, sell gold, lease gold, digitize it, even exchange old jewellery — all without stepping into a store. This is the future of gold commerce.”
The ATM also allows virtual try-ons using AR, letting customers “wear” jewellery before making a decision — a game-changer for gold buying in an era of digital-first retail.
🔁 Not Just Buying — It’s a Gold Ecosystem
This isn’t just an ATM. It’s a real-time gold platform. You can:
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Buy coins at live market rates
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Sell your gold back
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Lease it digitally
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Convert to digital gold for investment
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Try on ornaments virtually
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And yes, even melt it for purity checks or re-minting
The only thing this machine doesn’t do? Dispense loans (yet).
📍 Where Can You Find It?
The Gold ATM is currently installed at Goldsikka’s head office, Ashoka Raghupathi Chambers, near Prakash Nagar Metro Station in Hyderabad. The company plans to expand into rural areas, making gold — often seen as a luxury — more accessible across socioeconomic backgrounds.
💡 Why It Matters
India’s relationship with gold is centuries-old. But with volatile prices (which touched ₹54,630/10g recently) and the rise of fintech, the gold market is ripe for disruption. Goldsikka’s move reflects changing consumer behavior, where technology meets trust.
In a country where gold is bought for weddings, investment, and even divine blessings, having a 24×7 machine that sells pure, BIS-certified 24K gold feels like a golden leap forward.
This ATM updates gold prices in real time and restricts purchases to between 0.5g and 100g, ensuring accessibility while maintaining security and standardization.
