China Launches Gold ATMs in Shanghai Enabling Instant Gold-to-Cash Conversion.

International

In April 2025, China launched its first Gold ATM, an innovative financial service developed by Shenzhen Kinghood Holdings Group Company Limited, based in Guangdong, China. This machine offers a fast, fully paperless way for individuals to convert gold items into cash, significantly enhancing the convenience and accessibility of gold monetization.


      - It assesses, melts, and weighs the gold, verifies its purity, and transfers the equivalent value directly to the user’s bank account—all within 30 minutes and without requiring any form of identification or documentation.

      - The Gold ATM accepts gold items weighing more than 3 grams and with a minimum purity of 50%.

     

Main Point :-   (i) The machine melts the gold at temperatures above 1,200°C, performs real-time purity analysis, and calculates the payout amount based on the current market price of gold.

      (ii) A service charge of 18 yuan per gram (approximately ₹210) is deducted from the total value before the amount is transferred to the seller’s bank account.

(iii) This initiative marks a major step toward digital financial innovation in precious metals, bringing convenience, speed, and transparency to gold-to-cash transactions in China.

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