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ATM machine dispenses gold

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Published on May 14, 2010

It's official, you can buy gold from ATM in Dubai. It is located at Abu Dhabi's Emirates Palace hotel, famous meeting place for royalty and billionaires. The exterior of the ATM machine is coated with a thin layer of gold. It has 320 products to choose from, ranging from gold bars to customized gold coins, weighing up to 10 grams 24K

The gold is said to be imported from Fermany and the ATM gold machine is able to update the gold price every 10 minutes

At present, it only take notes of the local dirham currency. Credit card will be introduced soon

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