Emirates Gold, in partnership with Malaysia's Public Gold, has introduced the United Arab Emirates' first bullion-dispensing "Gold ATM," which combines a fintech account platform with automated physical gold and silver withdrawal. The machine was unveiled 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.
The initial unit is scheduled for placement at DMCC's Almas Tower, with ambitious plans to deploy 35 to 40 such ATMs across the UAE by 2026, potentially creating one of the largest networks of its kind in the country. Unlike earlier gold kiosks, this system bridges digital wallet-style accounts and on-demand collection of minted bars, aiming to reduce friction for small-ticket purchases.
The ATM can hold more than 70 designs of gold and silver bars and operates 24 hours a day. Users can pay via e-wallets or credit cards and withdraw physical products tied to a digital account balance. This initiative follows a partnership formed in May 2025, where Emirates Gold supplies and secures the bullion and manages day-to-day operations, while Public Gold provides the software platform and machine infrastructure.
Future features may include online order collection, redemption of "tokenised" gold held in vaults, and cryptocurrency conversion, though these depend on technical integration and compliance with UAE anti-money laundering regulations. Regulatory oversight involves the UAE Financial Intelligence Unit, with transaction thresholds and reporting requirements that could influence rollout timing.
Dubai's position as a regional centre for precious metals trading is reinforced by this innovation, reflecting a broader trend towards digital-to-physical asset integration in fintech.
