Mumbai: After cash, now gold and diamond will be available through ATMs, where one can now purchase medallions, coins or jewellery, thanks to the Gitanjali Group which has launched such a vending machine here. The group plans to set up 75 such gold and diamond ATMs at premium malls, airports and temples in next three years, giving customers another one-stop shopping option. "It is a kind of vending machine for both gold and diamond jewellery designed like an ATM. The machine will dispense gold and silver bars, coins, pendantsImage Link Flickr
with religious motifs and a range of diamond studded jewellery, making it the first of its kind in the country," Gitanjali Export Corporation Chief Executive Sanjeev Agarwal said. "We will spend about Rs 50 crore for this initiative and we expect about Rs 450-500 crore business from this in the next three years," he added.Read Full; Now jewelleries will be available through ATMs - Indian Express
