Gold Melting Machine Goes Viral in China: Turning Jewelry into Cash

peking - In Shanghai, a new ATM capable of melting gold attracts crowds as people convert their jewelry into cash amid soaring gold prices.

Gold Melting Machine Sparks Frenzy in Shanghai

A new ATM in Shanghai is drawing massive crowds as the rising gold price prompts people to exchange their jewelry for instant cash or bank deposits.

Innovative ATM Concept

The ATM, located in a busy shopping center, melts gold at 1,200 degrees, leading to long queues of individuals eager to cash in their valuables.

Quick and Convenient Process

Customers can receive their money within 30 minutes without the need for paperwork or negotiations, making it a hassle-free alternative to traditional jewelers.

Positive Feedback and Viral Impact

Positive feedback is pouring in, with stories of individuals receiving over 60,000 yuan for old jewelry, sparking curiosity and attracting onlookers intrigued by the innovative process.

Development and Operation

The gold melting machine was developed by Kinghood Group in Shenzhen, China, accepting items such as jewelry and coins, with purity, weight, and value determined instantly.

Global Interest and Expansion

Following its success in China, interest from other countries like Russia and Singapore has been noted, leading to the launch of similar machines in various regions.

Market Trends and Economic Factors

The machine's popularity is driven by record-high gold prices and economic uncertainties in China, with previous interest from regions like Russia and Singapore.