(toskanews) – A Shanghaiselling gold has become a simple gesture: all you need is an automatic machine. In different neighborhoods of the city, intelligent dispensers analyze weight and purity in minutes of jewels and ingots to offer customers an immediate evaluation. With the gold price near historic highsmore and more residents stop in front of the screens to understand how much the valuables kept at home are worth.
A bar of just over 100 grams can exceed 122,000 yuan, approximately 14,700 euros. A figure that pushes many to lighten their jewelry boxes.
Rigid silver and white gold bracelets Winter 2025
“It was a souvenir of my grandfather – says Zhao, 51 years old – I wasn’t sure of its value, so I came here to sell it and check its condition.”
There are also those who return several times, like Wu, who has followed the continuous increase in prices: «I never imagined that the price of gold would rise so much. It’s an opportunity worth seizing.” «It’s the third time I’ve come here. The first was for a ring left by my father, which was broken. At the time we were under the impression that there was a gap between the price and its value. My mother thought it was only worth 1,000 yuan, around 120 euros, while today it could reach 10,000 yuan, around 1,200 euros».
The machines promise speed and transparency, avoiding negotiations and trips to the jewelry store. «The jewels that I don’t use often – explains Zu – are of no use. With these prices, it’s the right time to sell them.” «Gold is a store of value against inflation. This is why many Chinese will continue to buy it, even just in the form of the traditional three gold jewels given to brides at the time of marriage.”
iO Donna © ALL RIGHTS RESERVED
The article The gold ATM: family jewels sell in a minute in Shanghai seems to be the first on iO Donna.
