Britain's first gold vending machine opened at the Westfield Shopping Center amid a high retail demand. Benefits include an instantaneous delivery of goods when making a payment, a perfect option for last-minute gift buyers and an immediate remedy to mollify clientele preoccupied with worries about shaky world currencies.
Market fluctuations for gold prices are updated every 10 minutes on the Gold to Go machines according to Metro UK. The owner of the vending machine is Ex Oriente Lux of Germany. The gold is available as 2.5-gram bars holding an image of the London skyline engraved on the back, a 1-gram coin and a 250-gram bar. And the bullion is neatly packaged.
But customers are purchasing the gold at marked-up prices as high as 25 percent more than the precious metal's market value, the Guardian reports.
Abu Dhabi in the United Arab Emirates last year presented the globe's first gold vending machine. Las Vegas, Italy and German locales followed.
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