Machines that dispense gold bars are set to make their debut in Beijing on Sep 23.The machines will dispense gold bars weighing up to 2.5 kilograms and work just like the normal automatic teller machines (ATMs), cnr.cn reported, citing sources close to the matter.

The machines can accept both cash and credit cards. The cash-for-gold machines will be on trial at Beijing's upscale clubs and private banks during the initial period for security reasons.

The gold ATMs have been launched by German company TG Gold-Super-Markt and are at present in existence in countries like the United Arab Emirates, Spain and the US.

By Sun Yuanqing