Goldsikka Launches AI-Powered Gold-Melting ATM in India
| Aspect | Details |
|---|---|
| Event | Hyderabad-based Goldsikka unveils AI-powered Gold-Melting ATM |
| Key Features | - Buy/Sell Gold <br> - Melting and Testing <br> - Instant Valuation <br> - Direct Bank Transfer (within 30 minutes) <br> - Integrated AR <br> - AI-based Security <br> - Crime Detection |
| Objective | - Enhance Convenience <br> - Boost Financial Inclusion <br> - Scale Expansion (100 machines in India, 100 abroad within a year) |
| Company | Goldsikka Pvt. Ltd. (Headquartered in Hyderabad) |
| Earlier Innovation | Launched India's first gold ATM in 2022 |
| Current Status | - 14 gold-dispensing ATMs across India <br> - 3 internationally |
| Regulatory Status | Gold-melting version awaiting regulatory clearance |
| Significance | - Introduces AI and AR in physical banking systems <br> - Promotes digital transformation in traditional gold market <br> - Encourages legal and traceable gold transactions in India |