Tag: Asian gold demand

  • Egypt Introduces Novel Gold ATM, Expanding Accessibility to Bullion Bars

    Reading Time: 2 minutes Short Summary: Egypt is pioneering a revolutionary approach to gold accessibility, launching its inaugural automated teller machine (ATM) to provide citizens with direct access to gold bullion bars. Collaborating with Banque Misr and local e-payment technology firm Finway, this innovative initiative seeks to redefine the accessibility of gold for the public.…

  • Thai Authorities Bust $33 Million Online Gold Scam, Detain Chinese Nationals and Thai Accomplices.

    Reading Time: 3 minutes In a significant operation, the Royal Thai Police revealed that they have successfully dismantled an online gold investment scam worth 1.2 billion baht, equivalent to a staggering $33.1 million. The sophisticated scheme, masterminded by six Chinese nationals and supported by 20 Thai individuals, operated by promoting a fictitious gold investment opportunity…

  • Singapore and South Korea pure gold ATM machine.

    Reading Time: 3 minutes In a groundbreaking development, Singaporean casinos are now equipped with state-of-the-art vending machines that enable visitors to convert their casino winnings into gold instantly. These remarkable machines, introduced by the Singapore-based company Asia Gold ATM, have been named SMART Gold ATMs and are currently operational at two prestigious resorts in Singapore:…

  • Gold demand continue to rise

    Gold demand continue to rise

    Reading Time: 3 minutes Central banks arе topping uр thеir gold reserves, quadrupling theіr total purchases frоm thе market іn thе lаst quarter аs theу seek to reduce their dependence оn traditional reserve currencies ѕuch аѕ the U.S. dollar. Even wіth gold prices аt record highs, emerging markets’ central banks hаve revived thе official sector’s…

  • Is Asian gold demand really slipping so much?

    Is Asian gold demand really slipping so much?

    Reading Time: 4 minutes Indian and Chinese gold demand may not be quite as lacklustre as the mainstream media would have you believe, while geopolitical events continue to churn. By all accounts in the mainstream media, gold demand in Asia, and in particular in China and India, has been slipping dramatically this year which some…