Aspect Bullion & Refinery to launch 50 gold, silver vending machines

Aspect Bullion and Refinery, a division of Aspect Global Ventures, on Wednesday said it plans to roll out 50 gold and silver vending machines across the country in the next 12-18 months, which will offer a curated range of gold and silver coins as well as bars. The machines will be equipped with real-time market pricing and customers can view live rate updates at the point of purchase, the company said in a release.

Aspect Bullion and Refinery claimed the vending machines are designed to make purchasing precious metals faster, safer, and more accessible than ever before.

"Gold and silver have always been an important part of India's culture and traditions. With our vending machine, we are combining tradition with technology to make buying precious metals easier, safer, and more transparent," said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.


The company said purchases can be completed in under three minutes using a variety of payment options, including UPI and debit/credit cards.

In the lead-up to Akshaya Tritiya, Aspect Bullion has unveiled that it has the first bullion vending machine in Mumbai.

The company said the bullion vending machines have been indigenously developed by it. The machines will be placed at high-footfall locations such as major malls, airports, temples.