REVEALED: UAE unveils world’s first gold ATM

Emirates Gold and Malaysia’s Public Gold have launched what they describe as the world’s first fintech-enabled gold ATM in the UAE.

The machine was unveiled at the Dubai Precious Metals Conference 2025 at Atlantis, The Palm.

The launch was attended by Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, alongside Emirates Gold CEO Abhijit Shah and Public Gold Chief Marketing Officer Jerry Ng. The initiative builds on a partnership formed in May 2025, combining Emirates Gold’s refinery and logistics operations with Public Gold’s fintech infrastructure.

The first unit will be installed at Almas Tower, with 35 to 40 machines planned across the UAE in 2026.

Each ATM can hold more than 70 designs of gold and silver bars and operates around the clock. Users can buy bullion using e-wallets or credit cards and withdraw physical gold linked to their digital accounts.

Future functions, including online-order collection, crypto conversion and tokenised-gold redemption are under development.

“The UAE stands as the world’s most trusted physical gold hub. This launch marks a defining moment for the future of precious metals,” Shah said. Ng added that the system aims to “make physical gold ownership simpler, safer and more accessible.”

The rollout expands DMCC’s broader push to strengthen gold-trading infrastructure and follows a steady increase in consumer interest in transparent, small-denomination bullion products.