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Aspect Bullion & Refinery Unveil India’s First Futuristic Gold & Silver Vending Machine on the occasion of International Women’s Day

Announced at the 10th India International Bullion Summit (IIBS), this revolutionary innovation transforms gold and silver shopping with unmatched convenience and technology

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Aspect Bullion & Refinery, a leading division of conglomerate Aspect Global Ventures Pvt. Ltd., in association with the India Bullion & Jewellers Association (IBJA), has unveiled India’s first cutting-edge Gold and Silver Vending Machine. The groundbreaking innovation was unveiled at the 10th India International Bullion Summit (IIBS), organized by IBJA in partnership with the World Gold Council. 

Launched on the occasion of International Women’s Day, this initiative aims to empower consumers, especially women, by offering a secure, transparent, and hassle-free way to purchase gold and silver at real-time market prices. According to the World Gold Council, Indian women collectively hold 24,000 tons of gold, exceeding the combined reserves of the U.S., Germany, Italy, France, and Russia. Recognizing this deep-rooted cultural and financial affinity, Aspect Bullion’s vending machine leverages advanced technology to offer a convenient, secure, and confident way to invest in precious metals.

The 10th India International Bullion Summit, held from March 7-8, provided an ideal platform to introduce this revolutionary advancement in bullion retail. The event brought together industry leaders, leading bullion and jewelry traders, precious metal mining and refining experts, central and bullion banks, commodity exchanges, logistics firms, media analysts, and government officials.

This cutting-edge vending machine offers a secure and hassle-free way to purchase gold and silver coins and bars in exclusive designs and packaging, with live streaming of market prices and a uniform price across India. Biometric authentication prevents fraud, while multiple payment options— cards, and digital wallets—ensure seamless transactions. Expanding its reach, Aspect Bullion will soon launch gold and silver vending machines at malls, temples, and airports, enabling quick, staff-free purchases with live market rates. The brand is also entering e-marketplaces for secure online bullion transactions.

Aksha Kamboj, Executive Chairperson of Aspect Global Ventures Pvt. Ltd. and Vice President of IBJA, highlighted the significance of this innovation, stating, “In India, Gold is more than just a metal – It is a symbol of security, heritage, and prosperity, especially for women. By introducing the country’s first gold and silver vending machine, we are merging tradition with cutting-edge technology, making investments more accessible, transparent, and secure. This initiative is a game-changer in the bullion industry, bringing gold ownership into the digital age while retaining its deep cultural value. IIBS with its legacy of shaping India’s bullion industry, serves as the perfect platform to introduce this revolutionary advancement in gold and silver accessibility.”

Prithviraj Kothari, National President of IBJA, reinforced IBJA’s commitment to innovation, adding, “India’s bullion industry is evolving rapidly, and technology is the key to its future. Aspect Bullion’s vending machine revolutionizes gold retailing by offering convenience, security, and market transparency. At IBJA, we are committed to driving advancements that strengthen trust and efficiency in gold investments.”

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Prajakta Mali Inaugurates Khandelwal Jewellers (Akola) New Showroom In Jalna

The Company Has Steadily Expanded Its Footprint Across Maharashtra and Continues To Strengthen Its Position As One Of The Leading Jewellery Retailers In The Region

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Strengthening its presence beyond Vidarbha and taking a significant step towards regional expansion, Khandelwal Jewellers(Akola) inaugurated its ninth showroom at Aditya Complex, Badi Sadak, Jalna, marking the brand’s first-ever entry into the Marathwada region. The grand inauguration ceremony was conducted by renowned Maharashtra actress Prajakta Mali in the distinguished presence of Avinash Gupta, Vice Chairman, GJC.

The event was attended by the promoters of the group,  Nitin Khandelwal and Prabha Khandelwal,  Ravi Khandelwal and Ekta Khandelwal, along with prominent jewellers, entrepreneurs, professionals, and distinguished citizens from Jalna and neighboring districts. Present were the sixth generation of the Khandelwal family, including Harshal Khandelwal, Shaurya Khandelwal, Pratik Khandelwal, Rishika Khandelwal, Pratik Rathi, and Dipika Rathi.

The launch represents another milestone in the remarkable journey of Khandelwal Jewellers, a trusted name in the jewellery industry with a legacy spanning over nine decades. Established on the foundation of transparency, purity, customer trust, and innovation, the company has steadily expanded its footprint across Maharashtra and continues to strengthen its position as one of the leading jewellery retailers in the region.

Prajakta Mali, Actress, said:

“I am truly impressed by the remarkable collection showcased at Khandelwal Jewellers. The showroom beautifully blends tradition with contemporary design, offering customers an exceptional range of jewellery. The craftsmanship, quality, and presentation rival—and in many categories surpass—what one would typically find in major jewellery markets such as Mumbai and Pune. It is wonderful to see such world-class offerings being made accessible to customers here.”

Avinash Gupta, Vice Chairman, GJC, said:

“I extend my heartfelt congratulations to the Khandelwal family on this significant milestone. Their unwavering commitment to quality, trust, and customer satisfaction has earned them a strong reputation in the market. Khandelwal Jewellers has consistently demonstrated excellence in every aspect of its business, and I am confident that this dedication will continue to drive its growth and success in the years ahead.”

The newly launched Jalna showroom offers an extensive collection of gold, diamond, platinum, silver, bridal, traditional, contemporary, and lightweight jewellery, catering to the evolving preferences of customers across Marathwada. With this strategic expansion, Khandelwal Jewellers aims to bring its hallmark values of trust, transparency, and superior craftsmanship to a wider customer base.

The inauguration witnessed an overwhelming response from customers, industry associates, and well-wishers, reaffirming the strong goodwill and brand equity that Khandelwal Jewellers has built over generations. The launch not only marks the company’s entry into Marathwada but also signifies the beginning of a new chapter in its growth journey as it continues to expand its retail network across Maharashtra.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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