A gold ATM machine is being operated in China that melts gold and transfers money to your account. China's gold ATM is gaining attention not only in Shanghai but all over the world.
According to the report, this gold ATM, which is based in Shanghai, melts gold, checks its purity and weight and transfers its value in the form of cash to your bank account.
According to the report, the ATM, operated by China's Kinghood Group, accepts gold items weighing more than 3 grams and with a purity of at least 50 percent. It melts the gold, checks its quality and weight, and then transfers the equivalent value to the seller's bank account within 30 minutes. This process does not require any paperwork.
Due to the current high gold prices in China, people are selling their old jewelry. Demand for this machine is so strong that people need to book a slot for the sale, with appointments booked through May.
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