Breaking News
June 19, 2025 - Arsenal Midfielder Thomas Partey to Leave Club, Source Confirms June 19, 2025 - Club World Cup: Qualification Scenarios for Round of 16 Revealed June 19, 2025 - Yassine Bounou's Penalty Save Secures Al Hilal Draw Against Real Madrid June 18, 2025 - Phil Foden Leads Man City to Victory in Club World Cup Opener June 18, 2025 - Al Hilal CEO Comments on Cristiano Ronaldo Transfer Rumors June 18, 2025 - Euro 2025 Women's Championship: Team-by-Team Preview and Predictions June 18, 2025 - Manchester City Signs Canadian International Jade Rose from Harvard University June 18, 2025 - Premier League 2025-26 Fixtures Revealed: Key Matches and Title Contenders June 18, 2025 - Concacaf Gold Cup: Qualification Scenarios for Quarterfinals Revealed June 18, 2025 - Newcastle United's 2025-26 Premier League Fixtures Announced
  • HotRecentNews.com
  • World
  • Politics
  • Sports
  • Entertainment
  • Science
  • Technology
  • Health
  • Cambridge
HotRecentNews.com
Menu
  • World

  • Politics

  • Sports

  • Entertainment

  • Science

  • Technology

  • Health

  • Cambridge

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

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

Gold Melting Machine Goes Viral in China: Turning Jewelry into Cash
No Comments 9
Facebook X
Technology May 6, 2025 17:21

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.

NEW SpaceX Starship Loses Control and Booster Explodes After Launch

Leave a comment Cancel

reload

Trending Now

  • Today
  • Yesterday
  • Month
  • Comments
  • 1

    Newcastle Eye Move for Marcus Rashford Amid Transfer Rumors

    June 19, 2025
  • 2

    Chelsea's 2025-26 Premier League Fixtures Revealed: Tough Run-In Ahead

    June 19, 2025
  • 3

    Euro 2025: U21 Breakout Stars to Watch Out For

    June 19, 2025
  • 4

    Arsenal's Thomas Partey Expected to Leave as Contract Talks Stall

    June 19, 2025
  • 5

    Chelsea Eyeing Move for West Ham's Mohammed Kudus in Latest Transfer Rumors

    June 19, 2025
  • 1

    2025-26 Premier League Fixtures Schedule Released

    June 18, 2025
  • 2

    Manchester United Faces Tough Fixtures in 2025-26 Premier League Season

    June 18, 2025
  • 3

    Aston Villa's 2025-26 Premier League Fixtures Revealed

    June 18, 2025
  • 4

    Barcelona's Signing of Joan García Raises Questions About Marc-André ter Stegen's Future

    June 18, 2025
  • 5

    Manchester United Target Callum Hudson-Odoi in Transfer Rumors

    June 18, 2025
  • 1

    Gigantic 'Bird-Like Object' Spotted Near the Sun by Russian Astronomers

    May 26, 2025
  • 2

    Ukraine's Operation Spiderweb Strikes Russian Air Bases, Tensions Rise

    June 2, 2025
  • 3

    Polish Paradox: New President Karol Nawrocki's Eurosceptic Stance Challenges Brussels

    June 2, 2025
  • 4

    Polish Prime Minister Tusk Requests Confidence Vote After Election Loss

    June 2, 2025
  • 5

    Spain Defeats France in Thrilling 9-Goal Match to Advance to Nations League Final

    June 5, 2025
Hot Recent News
The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

  • World News

Back to Top