Shanghai has recently unveiled a revolutionary gold ATM that has captured the attention of locals in India. This cutting-edge machine, created by Kinghood Group, not only melts gold items but also verifies their purity and transfers the corresponding value to users’ accounts in just 30 minutes. This innovation comes at a time when gold prices are on the rise, making it an attractive option for individuals looking to exchange their jewelry for instant payment. The ATM accepts gold items weighing over 3 grams with a minimum purity of 50%, utilizing Shanghai exchange rates to determine their value. This development is set to revolutionize the gold trading industry in India, offering a quick and convenient way for people to cash in on their gold assets.