Indian jewellery firm Gitanjali has unveiled an 'ATM' that dispenses not cash but gold, silver and diamonds.
The Mumbai-based machine offers customers a choice of 36 medallions, coins and pieces of jewellery. Customers make their choice using a touch-screen and then pay by cash or card.
Gitanjali plans to roll out up to 75 more machines at shopping malls, airports and temples, tempting Indian's looking for "last minute purchases".
Sanjeev Agarwal, CEO, Gitanjali, says the ATMs are well suited to India where such items are purchased as tokens "but it also offers choices for occasions like Valentine's Day, or to a husband who forgot an anniversary or his wife's birthday!"
The firm claims its machine is world first although Germany's TG-Gold-Super-Markt unveiled a gold-dispensing ATM in 2009 and earlier this year Turkey's Bank Kuveyt Turks revealed plans to convert its entire network into gold bullion dispensers.