China has installed its first gold vending machine, offering coins and bullion to shoppers in a Beijing shopping district, according to a report.

Beijing Agricultural Commercial Bank installed the vending machine Saturday during the nation's Golden Week holiday, the China Post reported Monday.

Buyers can make the purchase with cash or bank card. The most that can be bought is 5.5 pounds.

With China as the world's second largest gold buyer behind India, the bank intends to install more gold vending machines in secure locations.

Other countries that have gold vending machines are the United States and Britain. Such machines also are found in the Middle East.

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