Emirates Gold and Malaysia’s Public Gold have installed a bullion vending machine in Dubai that the companies say is the first in the UAE to combine a Fintech account platform with automated dispensing of physical gold and silver.
The firms unveiled the “Gold ATM” on the sidelines of the Dubai Precious Metals Conference (DPMC) 2025 at Atlantis, The Palm, alongside officials from the Dubai Multi Commodities Centre (DMCC), a government-backed commodities hub that oversees the Jumeirah Lakes Towers free zone.
The first unit is due to be placed at DMCC’s Almas Tower, with more machines planned for other locations across the UAE, the companies said.
They are targeting a rollout of 35 to 40 units in 2026, which would make the network one of the largest of its kind in the country if completed.
Unlike earlier gold-dispensing kiosks seen in various markets over the past decade, the firms are pitching the Dubai version as a bridge between a digital wallet-style account and on-demand collection of minted bars, part of a broader push by gold retailers to lower friction for small-ticket purchases.
The ATM can hold more than 70 designs of gold and silver bars and will operate 24 hours a day, according to the companies.
Users can pay via e-wallets or credit cards, and withdraw physical products tied to a digital account balance.
The initiative follows a partnership formed in May 2025, under which Emirates Gold supplies and secures the bullion and runs day-to-day operations, while Public Gold provides the software platform and machine infrastructure.
The companies said they plan to add features over time, including online order collection and the redemption of “tokenised” gold held in vaults, as well as cryptocurrency conversion, functions that would likely depend on technical integration and any relevant compliance requirements.
Dubai has long positioned itself as a regional centre for precious metals trading and refining, supported by the DMCC and a large retail gold market serving tourists, residents and regional investors.