Viral Video: Move gold from here, money will come out from there!
Viral Video: China's first gold ATM is very much discussed on social media. Its video has also surfaced which is going viral on social media. A user shared the video on Instagram and wrote - Gold ATMs are installed in Shanghai city of China where you can get cash in exchange for gold. You put your gold in the machine; the machine will check the purity of the gold and then melt the gold.
After this, according to the price of the gold, that much money will be transferred to your bank. Now no paperwork is needed. The fear of goldsmith's fraud is also over. Watch viral video.
Also Read: Weather: Heat wave wreaks havoc in 9 states, fire raining from the sky, IMD alert
Move gold from here
According to the information, this ATM has been installed in one of the busiest malls in Shanghai. It is attracting people's attention. Compared to traditional jewellery shops, this is a faster and convenient option.
चीन के शंघाई शहर में Gold ATM लगे हुए हैं जहां आप सोने के बदले Cash रुपया प्राप्त कर सकते हैं।
— Dr. Sheetal yadav (@Sheetal2242) April 21, 2025
आप अपना सोना मशीन में डालिए मशीन सोने की शुद्धता की जांच करेगी और फिर सोने को पिघला देगी फिर सोने की कितनी कीमत होगी उसके हिसाब से उतना रुपया आपके बैंक में जमा करा दिया जाएगा।
अब किसी… pic.twitter.com/8v9N9S4sjK
People are liking it because it has the facility of checking the purity of gold in real-time, live pricing is visible. Payment can also be made through bank transfer.
The functioning of Gold ATM machine is quite advanced
The functioning of Gold ATM machine is quite advanced and technical. This machine first measures the weight of 99.99% pure gold and then melts it at a temperature of 1,200 degrees Celsius. After this, the machine decides the price of gold based on the live rate of Shanghai Gold Exchange. A nominal service fee is deducted from the payment amount. This facility has been started at a time when gold prices are rising rapidly.
Also Read: 'Heart is broken...', IPL team Delhi Capitals expressed grief over the Pahalgam terror attack
Summary
The increasing demand for automated gold transactions shows that the market for Gold ATM is expanding rapidly and people like it a lot.
.