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Launch · Financial Services

Dhan launches Gold Vault for physical gold and silver

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Date
Company
Dhan
What it does
Discount broking and investment platform
Kind
Launch
Sector
Financial Services

What they do

Dhan is a discount broking and investment platform

What happened

It launched Gold Vault, letting users buy physical gold and silver at live exchange prices

Why it matters

The product addresses purity, pricing transparency and safe storage concerns in India

The details

  • Dhan launched Gold Vault, a product for buying physical gold and silver at live exchange prices.
  • Investors buy gold and silver at live MCX (Multi Commodity Exchange) prices.
  • They trade via futures contracts (agreements to buy or sell at a future date) and can opt for physical delivery.
  • Assets are stored in exchange-regulated vaults through ComRIS accounts with institutional-grade storage.
  • Gold Vault operates within the SEBI-regulated capital market framework.
  • Settlement happens through MCXCCL (MCX Clearing Corporation Limited).

The bigger picture

  • Traditional gold buying in India has concerns about purity, pricing transparency and safe storage.
  • Gold Vault addresses those concerns by linking purchases directly to exchange prices without markups or hidden spreads.
  • Dhan recently acquired algorithmic trading platform Stratzy.
  • Dhan competes with Groww and Zerodha.

About the business

  • Dhan is a discount broking and investment platform.
  • It competes with Groww and Zerodha.
  • It recently acquired algorithmic trading platform Stratzy.

The deal

Type
launch

Founders

  • Pravin Jadhav, Founder and CEO
  • Jay Prakash Gupta, Founder and COO

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