In a revolutionary step for gold trading, China’s Kinghood Group has introduced a gold ATM that allows users to instantly convert their gold items into cash. The machine accepts gold weighing over 3 grams with at least 50% purity, melts and assesses the metal, and deposits the corresponding value directly into the user’s bank account—all within 30 minutes and without any paperwork.
The system uses live rates from the Shanghai Gold Exchange, ensuring accurate and transparent pricing. In one example, a user received over ¥36,000 (approximately $5,000) for a 40-gram necklace, highlighting the efficiency and reliability of the service.
As gold prices continue to rise, the gold ATM provides a faster, safer, and more convenient alternative to traditional gold-selling methods, which often involve delays, negotiations, or opaque valuations. Financial analysts see this innovation as a potential game-changer in the bullion market, combining technology with consumer convenience.
Kinghood Group’s initiative demonstrates how digital and automated solutions can modernize even age-old commodities like gold, offering speed, transparency, and security to users seeking immediate liquidity.
This development also points to a broader trend of automation and fintech integration in asset management, signaling a future where transactions that once took hours or days can now be completed instantly and seamlessly.
