India’s First AI-Powered Gold Melting ATM Launched in Hyderabad: Sell Old Gold, Get Money in 30 Minutes

Hyderabad has once again emerged as a hub of financial innovation with the launch of India’s first AI-powered gold melting ATM. Developed by Hyderabad-based fintech company Goldsikka, the machine allows people to sell their old gold and receive money directly into their bank accounts within just 30 minutes.

The AI-powered gold melting ATM, currently launched in Hyderabad, is drawing nationwide attention for offering a transparent, fast, and fully digital alternative to traditional gold selling methods.

What Is the AI-Powered Gold Melting ATM?

The newly introduced ATM is designed to remove human involvement from gold valuation. Unlike conventional jewellers, where pricing and purity checks are often questioned, this machine uses advanced artificial intelligence to deliver accurate results in real time.

This marks a major upgrade from Goldsikka’s earlier gold-dispensing ATM introduced in Begumpet in 2022.

How the AI-Powered Gold Melting ATM Works

The process has been designed to be simple and user-friendly:

1. Deposit old gold into the ATM
2. The machine melts the gold instantly
3. AI technology checks purity and weight
4. Value is calculated using live international gold rates
5. Amount is shown clearly on the screen
6. After user approval and biometric KYC, payment is transferred
7. Money is credited to the bank account within 30 minutes

Gold pricing is aligned with global benchmarks such as the London Bullion Market, ensuring fair and transparent valuation.

More Than Selling Gold: Multiple Services in One ATM

The AI-powered gold melting ATM is not limited to selling old jewellery. It also offers several additional features:

• Purchase of 24-carat certified gold coins
• Available from 0.5 gram to 100 grams
• AR-based virtual jewellery try-on
• Users can see how jewellery looks without wearing it
• 24/7 availability
• No dependency on shop timings or jewellers
• Tamper-proof packaging
• Coins are sealed and certified at 999 purity

Strong Security and Fraud Prevention Measures

Security has been a top priority in the design of the AI-powered gold melting ATM. The system includes:

• Aadhaar-based identity verification
• Live photo capture during transactions
• Biometric authentication
• Automated alerts for suspicious activity

According to the company, these measures significantly reduce fraud risks and ensure every transaction remains fully traceable and secure.

Technology Support and Vision Behind the Project

The technology backbone of the ATM has been developed by Hyderabad startup OpenCube Technologies.

Goldsikka CEO SY Taruj has emphasized that zero human interference is the strongest feature of the system, helping to build trust, fairness, and efficiency in gold transactions.

Regulatory Status and Expansion Plans

As of January 13, 2026, the AI-powered gold melting ATM is awaiting final regulatory approvals for full-scale commercial operations. Once cleared, Goldsikka plans to expand the technology to more cities across India and internationally.

The company currently operates multiple gold ATMs in India and abroad and aims to roll out 100 AI-based gold ATMs in the near future.

Why This AI-Powered Gold Melting ATM Matters

For decades, selling gold has involved negotiation, unclear pricing, and delays. This new system promises:

• Complete transparency
• Instant liquidity
• Fair market pricing
• Convenience without bargaining

As digital financial services grow in popularity, the AI-powered gold melting ATM could reshape how Indians interact with their most trusted asset — gold.

The launch of India’s first AI-powered gold melting ATM in Hyderabad signals a major shift toward transparent and technology-driven gold transactions. If regulatory approvals come through, this innovation could soon become a familiar sight in cities across the country.

Would you prefer selling your gold at an ATM instead of a traditional jeweller?

Follow MunsifNews24x7 for latest updates.