Viral Video: Amazing ATM in China—Melts Gold and Transfers Money to Account in 30 Minutes
China's "Gold ATM" is currently making headlines for completely simplifying and digitizing the process of selling gold.
Viral Video: China continues to advance rapidly in the fields of technology and innovation. From AI to devices designed to simplify daily life, the country is pioneering new experiments across every sector. In this context, a video currently circulating widely on social media is capturing public attention, showcasing China's unique Gold ATM.
Amidst rising gold prices, demand for this service has surged rapidly, to the point where time slots must now be booked in advance.
The video demonstrates how individuals insert their gold jewelry or other gold items into the machine. The machine then proceeds to melt the gold on the spot to verify its purity and weight. The entire process is conducted with remarkable speed and transparency.
Once the verification is complete, the monetary value of the gold is transferred directly to the customer's bank account within a very short time. This means there is no longer any need to visit a jeweler, haggle over prices, or endure a lengthy, cumbersome process to sell gold.
How the Price is Determined
According to reports, this specialized ATM is operated by a company known as the Kinghood Group. Specific criteria have been established for depositing gold into the machine: the item must contain a minimum of 3 grams of gold and possess a purity level of 50 percent or higher.
As soon as the gold is inserted, the machine melts it down to accurately assess its true quality and weight. The entire procedure is completed in approximately 30 minutes, after which the calculated amount is transferred directly to the designated bank account.
One of the most remarkable features of this technology is that it requires absolutely no paperwork. Furthermore, there is no mandatory requirement to present an identity card. This makes the process even simpler and more convenient. That is precisely why people are embracing this new facility with such enthusiasm.
The continuous rise in gold prices has also contributed to the growing popularity of this machine. Many people are utilizing this ATM to sell their old or unused jewelry. Compared to traditional jewelers, this facility offers greater transparency, and customers receive immediate payment. Consequently, the demand for this service is rising rapidly.
During a demonstration, it was shown that when a 40-gram gold chain was inserted into the machine, it was valued at approximately 785 Yuan per gram. Based on this calculation, the total amount came to roughly 36,000 Yuan—equivalent to 4.2 lakh Indian Rupees. T
he most remarkable aspect was that this entire sum was transferred directly into the bank account within just half an hour.
Watch the video here
This ATM in Shanghai, China, melts your gold at 1200°C and transfers money straight to your accountpic.twitter.com/vFHGA6llAq
— Massimo (@Rainmaker1973) April 11, 2026