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China: Fist Gold ATM in Shanghai

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Shanghai, China - April 16, 2025 Customers line up in front of the first "gold ATM" to recycle gold at the Global Port in Shanghai, China on April 16, 2025. It is reported that this "gold ATM" is a smart gold store, which has a new gold recovery mode of self-service ordering, automatic detection and rapid payment, as well as a one-stop self-service purchase mode of self-service purchase and instant pickup of gold jewelry. The staff will conduct preliminary inspection first, and the gold products that meet the standards will enter the machine for initial inspection and evaluation. The user agrees to recycle, and needs to enter the ID number and bank card number. The machine will melt the jewelry and conduct secondary testing. The final recovery price will be calculated based on the real-time gold price of the Shanghai Gold Exchange, and then deduct the service fee of 18 yuan per gram, the fastest 30 minutes can be transferred to the user.

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