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It can dispense gold coins ranging from 0.5 grams to 100 grams. [11] [12] [13] In the machine, people can use credit or debit card. [14] It gives 24/7 service to their customers [15] and also gives the live price of gold. [16] The gold will be of 24 carat and can store 5 kg gold. [17] [18] It gives pure and hallmarked gold coins. [19]
Mumbai Mint has a state-of-the-art gold refining facility up to 999.9. Hyderabad Mint has electrolytic silver refining facility up to 999.9. Commemorative coins are made at Mumbai and Kolkata. Kolkata and Hyderabad have facilities for making medallions, too. The Noida mint was the first in the country to mint coins of stainless steel.
The Hyderabad mint operated in Saifabad from 1950 to 1997. On 20 August 1997, the mint was shifted to its present location at Cherlapally in the city of Secunderabad, India. The facility was established with annual production capacity of 700 million coins and 950 million planchets .
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He used the palace as his private residence until the palace was handed over to the 6th Nizam of Hyderabad around 1897–1898. The palace was built and furnished at a cost of ₹ 4 million (equivalent to ₹ 1.8 billion or US$21 million in 2023), which necessitated borrowing money from the Bank of Bengal .
The construction began in 1589 and was completed in two years at a cost of Rs. 9 lakhs, which was around 2 lakh huns/gold coins in those times. It is said to weigh around 14000 tonnes with a minimum of 30 feet deep foundation. In 1670, a minaret had fallen after being struck by lightning. It was then repaired at a cost of around Rs. 58000.
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