Gold vending ATMs may become a reality in India

Indians might soon get a chance to buy gold from ATMs, as Germany's Ex Oriente Lux AG is in talks with Indian entities for setting up gold dispensing automated machines in India.

Ex Oriente Lux AG, which also operates an online shop for the yellow metal, is the maker of gold vending machines. A company official said that talks are going on with interested entities in India to set up gold dispensing ATMs in the country.

Text: PTI

Images: AP/Reuters/AFP

Also see: Need quick money? Avail gold loans