There's a new ATM that dispenses gold coins

BlueStone.com, an online jewellery portal, has launched Gold ATMs in Bengaluru and Delhi.

This is the first time shoppers will be allowed to purchase gold off a vending machine.

The machines located at Forum Mall in Bengaluru and Select City Walk in Delhi are equipped to dispense certified 24 carat gold coins in denominations of one, two, five, ten and twenty grams.

First-time buyers and men especially are expected to make the most of the gold ATM owing to its functional and practical aspects.

Speaking on the launch, Arvind Singhal, COO, BlueStone.com said, "Introduction of the gold ATM during the festive season not only adds convenience to buying gold but is also a means to connect with our customers by providing them with physical touch points. Customers can purchase gold coins of multiple denominations by cash or card, making it ideal for buying gold for gifting or as an investment option."

Offers and launches for Diwali

BlueStone.com has introduced over 250 new designs across categories and is also launching four new jewellery collections.

It offers a half gram gold coin on purchase of diamond jewellery above Rs 20,000 and a 1 gram gold coin on purchase of diamond jewellery worth more than Rs 40,000.

Customers can browse through over 2,000 diamond jewellery designs with discounts of up to 25 per cent and zero percent making charge. The collection includes classic, elegant and high fashion bangles, bracelets, earrings, necklaces, nose pins, pendants and rings.

BlueStone.com has also launched a jewellery exchange carnival which is the first of its kind allowing customers to exchange their old jewellery for new.