Gold prices soar – China’s gold ATMs have Indians ask, “When will we come?”

In one of Shanghai’s busiest shopping centers, a small claw machine-sized ATM stands out among shoppers. This is not a normal ATM: it is the first gold medal ATM in Shanghai, which attracts crowds as gold prices soar to record highs, as reported by China’s state-owned online English magazine Six Tones.

As the ATM buzzed, a dozen people gathered together and watched the gold melt at 1200 degrees Celsius. Employees move quickly, guiding each customer through a smooth process of changing jewelry for cash. The scene is a mixture of curiosity and deals, as the old bracelets and necklaces are swapped for instant spending.

This modern convenience is Gold price Climbing rapidly.

Gold ATM offers a quick alternative to traditional jewelry stores. It provides real-time purity checks, real-time pricing and bank transfers, which make it particularly attractive to customers.

The process is simplified. It first measures the weight of gold at 99.99% purity. Based on the real-time speed of the Shanghai Gold Exchange, the machine calculates expenditures, minus service fees. One user on X responded excitedly, saying, “Waooo. Hopefully we’ll see the Golden ATM in India soon.” However, another offered a smarter view: “Awesome product from India, but also the joy of chain snatchers.”

With the surge in gold prices, ATMs have become a local phenomenon.
In China, gold has long been linked to prosperity and protection. Traditionally, it is used as a gift during weddings, births and festivals, making it a valuable store of wealth, especially among older generations. However, the World Gold Council reported that young buyers are increasingly driving demand, with consumers born after 1990 now accounting for more than half of China’s gold market.

According to the report, the machine, developed by Kinghood Group in Shenzhen, has been promoted to about 100 cities in China and is planned to have a second unit in Shanghai. The demand for the right continues to grow Automatic gold trading There are obvious signs that the market for gold ATMs is expanding. As gold prices continue to rise, these machines may become more popular, providing customers with a convenient, barrier-free option to cash in on their precious metals.

With this trend initiation, China’s automatic gold foundation not only represents a cultural shift in how gold is bought and sold, but also a glimpse of the future of automatic finance in which technology and tradition meet in the easiest way.