The country with the ATM that dispenses gold bars is the United Arab Emirates. The first gold-dispensing ATM, named “Gold to Go,” was installed in the Emirates Palace Hotel in Abu Dhabi, United Arab Emirates in 2010. The concept has since expanded to various parts of the world, including Egypt, where the first ATMs for gold were launched in 2024. Gold ATMs are also available in high-security locations in seven countries, including the United Arab Emirates.
Certainly! Here’s the information presented in a tabular format:
| Country | City | Location | Year Introduced |
|---|---|---|---|
| EUROPE | Germany | Bretten Pohl und Lawetzki GbR | 2010 |
| Germany | Berlin | New location to be opened in 2013 | 2013 |
| Germany | Nuremburg | Fonds-Zentrum GmbH | 2010 |
| Italy | Bergamo | Orio al Serio International Airport | 2010 |
| Portugal | Alcabideche | Cascai Shopping | 2011 |
| Portugal | Vila Nova de Gaia | Arrabida Shopping | 2011 |
| Switzerland | Mendrisio | Foxtown Factory Stores | 2013 |
| UK | London | New location to be opened in 2013 | 2011 |
| AMERICAS | USA | Las Vegas Golden Nugget Hotel & Casino | 2011 |
| USA | New York | Stack’s Bowers Galleries | 2012 |
| USA | Atlantic City | Golden Nugget Hotel & Casino | 2012 |
| MIDDLE EAST | UAE | Abu Dhabi Emirates Palace Hotel | 2010 |
| UAE | Dubai | Atlantis, The Palm Hotel | 2011 |
| UAE | Dubai | Souk Madinat | 2013 |
| India | Hyderabad | Hyderabad, | 2022 |
| India | India | Ameerpet metro station Hyderabad, | 2023 |
Source: Ex Oriente Lux AG
How many gold bars can be dispensed by the atm? The gold-dispensing ATMs, such as the “Gold to Go” machines, offer 24-carat gold bars in various sizes, including 1, 5, 10, 20, 50, 100, and 250 grams, as well as 1 oz sizes. These ATMs also provide gift boxes of gold coins with symbols such as the Krugerrand, a maple leaf, or a kangaroo. Each machine can carry up to 320 gold bars and coins.
| No. | Gold Product | Weight | Type | Fineness | Brand | Indicative EURO Price |
|---|---|---|---|---|---|---|
| 1 | Standard Bar | 1 g | Minted | 999.9 | Heraeus | 59 |
| 2 | Standard Bar | 5 g | Minted | 999.9 | Heraeus | 233 |
| 3 | Standard Bar | 10 g | Minted | 999.9 | Heraeus | 433 |
| 4 | Standard Bar | 20 g | Minted | 999.9 | Heraeus | 842 |
| 5 | Standard Bar | 1 oz | Minted | 999.9 | Heraeus | 1,285 |
| 6 | Standard Bar | 100 g | Minted | 999.9 | Heraeus | 4,052 |
| 7 | Standard Bar | 2.5 g | Minted | 999.9 | Umicore | 132 |
| 8 | Bullion Coin | 1/10 oz | Minted | 999.9 | Maple Leaf | 159 |
| 9 | Bullion Coin | 1/2 oz | Minted | 999.9 | Maple Leaf | 691 |
| 10 | Bullion Coin | 1 oz** | Minted | 22 carat | Krugerrand | 1,291 |
Source: Ex Oriente Lux AG.