The world's first gold vending machine unveiled in a hotel in Abu Dhabi in the UAE began attracting customers minutes after it was opened. Apparently unveiled to cater to Asians' obsession with the yellow metal, the 'Gold To Go' machine gives out one, five and 10 gram gold bars as well as gold coins, the National newspaper reported.
Gold to Go is a product brand made by the TG Gold-Super-Markt corporation designed to dispense items made of pure gold from automated banking vending machines. The first gold-plated vending machine was located in the lobby of the Emirates Palace hotel in Abu Dhabi, dispensed 320 items made of gold, including 10-gram gold bars and customized gold coins.
The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator.
The World Gold Council, which has its headquarters in London and operates offices worldwide, is a market-development organization for the gold industry. Although Grubb is aware that the gold-dispensing machine has been installed in a hotel in Dubai, he declined to comment on the vending machine as a vehicle to sell gold to a wider consumer.
The machine is finished in gold leaf, making it a “gold vending machine” in more ways than one. It has all the features of regular vending machines, including a touchscreen, cash and card.
The table shows gold price in Dubai in Dirhams (AED, the Dubai currency) per ounce, 10 tolas bar and gram, for the most commonly used carats in Dubai which are 24 carat, 22 carat, and 18 carat.Also 21 carat is sometimes used.
Place your buy orders in the professional bullion markets at the lowest possible price in the business industry. You will have an access to the spot gold market which is available 24 hours, 5 days a week. You can start your investment starting with as little as 1 gram of gold. You can sell your gold at any time without any extra charge, or you can redeem your bars physically.
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