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Dubai’s first gold ATM unveiled at Galeries Lafayette

After Abu Dhabi showcasing its 1st gold ATM in 2010

Dubai showcased its first gold to go ATM in Dubai Mall’s Galeries Lafayette where shoppers can chip in the corresponding amount of money to receive nuggets of fine gold.

The first gold nugget was dispensed February during a launch party in Dubai Mall, the Gulf state’s largest luxury department store.

Dubai known for its abundance of the precious yellow metal, can now have an edge in attracting more tourists and locals with a much coveted for gold from an ATM as a souvenir.

With a personalized Galeries Lafayette piece of gold, customers can purchase 24 carat gold bars or coins at current market prices and get their hands on as much of the shiny metal as they desire within a matter of seconds.

“Gold to go machines have proved extremely popular around the world and it is high time that Dubai had one too,” said Mr. Simon Khoury, Chief Operating Officer of Galeries Lafayette. “The new gold ATM has made one of the world’s most luxury items available to Galeries Lafayette shoppers in its original form.”

On May 2010, Abu Dhabi showcased its first ATM to go gold in the capital’s $3 billion government-owned hotel, Emirates Palace.