Goldsikka Unveils India’s first AI-powered Gold Melting ATM

Current Context: Goldsikka’s AI-powered Gold Melting ATM, unveiled on May 3, 2025, in Hyderabad, is a groundbreaking innovation in gold transactions.

Key Features & Process

Gold Deposit & Melting: Users deposit gold into the ATM, which automatically melts it and tests its purity.
Value Assessment: The machine determines the gold's worth based on purity and current market rates.
Instant Payment: If the user accepts the value, the amount is transferred to their bank account within 30 minutes.
Security Measures: The ATM verifies Aadhar and ID proof, and if any criminal record is detected, it reports directly to the police.
Augmented Reality (AR): Customers can use AR to virtually try on jewelry before purchasing.
Zero Human Interference: The entire process is automated to ensure accuracy and transparency.
Expansion Plans: Goldsikka aims to install 100 such ATMs across India and another 100 globally.

Question:

Q.1 Where was the India’s first AI-powered Gold Melting ATM launched by Goldsikka on May 3, 2025?
a) Mumbai
b) Delhi
c) Hyderabad
d) Bengaluru

Answer: c) Goldsikka launched its innovative Gold Melting ATM in Hyderabad, marking a milestone in automated gold transactions.