June 14, 2025

Gold-Melting ATM

Current Context: Hyderabad-based fintech company Goldsikka has unveiled the world’s first AI-powered Gold-Melting ATM, enhancing the way users interact with gold transactions.

Features and Functionalities:

  • Services Offered:
    • Buy and sell gold
    • Melting and purity testing
    • Instant valuation based on real-time market prices
    • Direct bank transfer within 30 minutes
  • Technological Integrations:
    • Augmented Reality (AR) for virtual jewellery try-on
    • AI-based security measures, including Aadhaar verification and ID proof checks
    • Automated crime detection and alert systems
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