Gold Vending Machine in Dubai

Many things come to mind when the name “Dubai” is mentioned, including shopping, the Burj Khalifa, a lavish way of life, exquisite skyscrapers, and, of course, gold. Dubai has evolved into something more than a tourist destination thanks to its ability to capitalize on its abundant natural and manmade assets.

So, while talking about gold in Dubai, you may have learned that there is a gold vending machine in Dubai. Yes, it exists. The gold vending machines are placed in Dubai Mall, Burj Khalifa, and Atlantis, the Palm Hotel. It works like a gold ATM and allows you to buy pure and fashionable 24-carat gold.

This article covers the details of a gold vending machine in Dubai and how it works. 

Related Article: Complete Guide to Buying Gold in Dubai

History of the Gold Vending Machine

Gold ATM in Dubai, named Gold-to-go is made by TG Gold-Super-Markt corporation. The first ever gold vending machine is located in Abu Dhabi. Now, the world has almost 50 gold ATMs in different shopping malls and airports across Europe, America, and other countries. 

The main idea behind placing the gold vending machine across the shopping malls and airports was to increase the gold investment by ordinary people. It will give ordinary people easy access to buy and invest in gold. 

The Infrastructure of the Gold Vending Machine

The gold vending machine in Dubai is covered in gold leaf. It takes input from a touch screen and displays slots for cards, gold bars, or coins. Moreover, it has surveillance cameras that record all the details about gold transactions every second. In addition, manufacturers have tested it with explosives to avoid undesirable circumstances like theft. You can buy as much gold as you want, but it requires identification scanning if the amount exceeds the money laundering limits within a given time.

How Does the Gold Vending Machine Work?

If you want to feel a different shopping experience, shop pure 24-carat gold from a gold vending machine in Dubai. You have to put your money/credit card in the gold ATM, and it will give you options to choose from gold bars and coins.

Moreover, the machine has security cameras inside and outside for high security. In addition, it updates the gold price every second as the price fluctuates in the international gold market.

Return Policy

The old vending machine in Dubai also has a return policy. If you didn’t like the gold product, you could return it within ten days of purchase. This rule helps you save money and gives you a smoother shopping experience with this machine.

What to Do if the Machine Fails?

You should contact the operator if a gold ATM does not return your credit card or returns the credit card without paying you gold. The gold vending machine was placed by TG Gold-Super-Markt corporation, and you can reach them through their official website or the contact number.

Currency Accepted in the Gold Vending Machine

The Gold vending machine in Dubai accepts money in Dirhams by using a Debit or Credit card.

Gold Items

The gold in the gold vending machine in Dubai includes gold bars, coins, or other gifts made of gold. Each has a different symbol, such as Krugerrand, a maple leaf, or a kangaroo. 

In addition, the gold bars come in different sizes, including 1, 5, 10, 20, 50, 100, and 250 grams and 1 oz. However, all of the bars are pure 24-carat gold. When you buy a gold bar, you will receive it in plastic packaging with an anti-counterfeit hologram label. The packing has a purity description of the specific gold bar you bought and the price per gram mentioned.

Unique Features of Gold-to-Go Gold Vending Machine in Dubai Mall

Gold-to-go has specific features that make it different and worth shopping for gold on the spot. The gold ATM has a state-of-the-art ID scanner with AssureTech validation. You can make a deal about the gold instantly as it determines the quality and value within no time. You will see an offer from a gold vending machine within minutes.

Moreover, you can sell gold, silver, and cryptocurrency at this gold ATM. It has real-time prices through an encrypted internet connecting it to the market price. You will receive instant cash after getting a deal from the gold vending machine. However, it will authenticate you by capturing and examining the ID hologram.

In addition, the company has provided Video Teller Agent for help while buying the gold. You can ask him about anything in the process, and he will guide you through every step of purchasing gold.

Furthermore, if the gold ATM finds any technical issue, it will make an automatic video call to customer support for help.

Prospects of Gold Vending Machine

The idea of gold ATMs has inspired the whole world, and many countries have already placed the gold ATMs in different shopping malls, airports, and railway stations. It has generated considerable revenue. 

Moreover, many other countries, such as Germany, Australia, and Switzerland, have decided to place more than 500 gold vending machines across their countries in railway stations, airports, and shopping malls. It’s unfortunate that countries like Mexico doesn’t have gold always available through vending machines.

These machines will enable the public to buy gold products and receive the delivery immediately. 

Conclusion

The gold vending machine in Dubai gives you a whole new experience of shopping for gold as it delivers the products immediately, along with premium packaging. You can find the sale items in gold bars, coins, or gifts made with gold with different labels.

Moreover, you can find these gold ATMs in two locations in Dubai, including Dubai Mall and Atlantis, the Palm Hotel. These are the prime locations and most sought by tourists. So, the idea to place these gold ATMs in these places was brilliant because it would enable the public to invest in gold.

Furthermore, you can enjoy gold shopping with a 10-day return policy. If you don’t like the product, you can take it back to the machine and get your refund instantly, according to the real-time market price of gold.