China Introduces 'Gold ATMs' for Quick Cashing of Gold
Recently, gold sellers in places like Shanghai and Jiangsu, China have installed 'Gold ATMs' to help citizens cash out their gold while prices are high. Users simply place their gold into the tray, and the machine automatically detects the weight and purity, completing the process in approximately 30 minutes.
In Shanghai's department stores, there are long lines at the Gold ATMs, indicating strong demand for gold recovery. Staff indicated that buyback prices are based on real-time prices from the Shanghai Gold Exchange, ensuring transparency and safety in the service.
The past week has seen significant fluctuations in gold prices, and interest in gold investments among the public continues to rise. Many individuals are even using loans to purchase gold, prompting banks to issue warnings regarding potential risks associated with such practices.
