#China is living in 2050 🚀
"No Paperwork, Instant Cash": China's #GOLD ATM Lets Users Sell Jewellery In 30 Minutes
The smart gold #ATM , developed by China's Kinghood Group, is designed to analyse, melt, and weigh #gold items, determine their purity, and transfer the equivalent amount directly to the seller's bank account.
The machine accepts gold items weighing over three grams with a purity level of at least 50 per cent.
During a demonstration, a 40-gram gold necklace fetched 785 yuan per gram (approximately Rs 9,200), resulting in a payout of over 36,000 yuan-or around Rs 4.2 lakh-in just half an hour.
While the concept may appear futuristic, experts say it reflects a broader trend: public gold holdings are growing in value, prompting more individuals to encash them.