GoldSmart has introduced Macau’s first fully automated gold recycling machines, marking a major step in the city’s push toward smart technology and fintech innovation. The project, developed in partnership with Shenzhen’s Jin Ya Fu Group, aims to modernize the gold trade with transparency and efficiency.
Convenient and Transparent Gold Recycling
Two flagship machines are now operational at the South Bay Commercial Center and L’Arc Hotel Macau, with grand openings attended by Legislative Assembly members Ip Sio Kai and Angela Leong.
GoldSmart’s system allows users to insert gold items—such as jewelry or investment bars—into the machine, which then analyzes purity and weight using high-precision sensors. The process, which takes just minutes, provides a real-time offer based on international gold prices, removing the need for manual appraisal.
“Our goal is to make gold recycling fair, fast, and free from human error,” said GoldSmart Chairman Kuan Yan-chi. “This technology ensures accuracy and builds trust in every transaction.”
User-Friendly Features
The machines support multiple weight units (grams, taels, ounces) to cater to the Greater Bay Area’s diverse market. Future upgrades may allow direct bank transfers for recycling proceeds, Kuan revealed.
Of the nine machines in Macau, seven will be placed in high-traffic areas for public use. Each transaction is video-monitored, and the system accepts gold items of any brand or style.
More Than Just Recycling
The flagship locations also offer a premium experience, combining gold recycling with coffee shops, specialty jewelry sales, foreign currency exchange, and contemporary art displays.
This launch positions Macau as a growing fintech hub while providing residents and visitors with a faster, more reliable way to trade gold.
