International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Dubai’s first gold ATM unveiled at Galeries Lafayette
The Gold to go machine offers tourists and locals the ideal souvenir from Dubai, which is widely known for its abundance of the precious, yellow metal.
February 18, 2011 11:09 by Rasha Reslan
Gold seekers need look no further than Galeries Lafayette in Dubai, where nuggets of the precious metal can now be exchanged for cash at the emirate’s first Gold to go ATM. Shoppers will receive a personalized Galeries Lafayette piece of gold that corresponds in value to the amount of money they put in.
The first nugget was dispensed during a launch party on February 11, 2011 at Galeries Lafayette – Dubai Mall, the nation’s largest luxury department store. Guests gathered round the machine, which is situated on the ground floor of Galeries Lafayette to watch as the ribbon was cut on Dubai’s first gold ATM.
The Gold to go machine offers tourists and locals the ideal souvenir from Dubai, which is widely known for its abundance of the precious, yellow metal. 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.”