China🔥 has introduced innovative "gold ATMs" that allow individuals to exchange gold items, such as bars and jewelry, for cash within approximately 30 minutes. These machines assess the purity and weight of the gold, melt it if necessary, and transfer the equivalent amount in local or international currency to the user's account.
These gold ATMs, developed by Shenzhen-based Kinghood Group, have been deployed in several cities across China, including:
Shenzhen
Hangzhou (Zhejiang Province)
Hong Kong
Macau
The machines accept gold items weighing between 3 grams and 1 kilogram, regardless of brand or make. They evaluate the gold's purity and weight within three minutes and complete the melting inspection and fund transfer process in just 30 minutes, creating an efficient and closed-loop gold trading process.
