Dhan Launches 'Gold Vaults', Introduces Secure Bullion Storage for Retail Investors
Mumbai, April 29
With the aim of allowing every Indian investor to buy physical gold and silver at live prices traded on stock exchanges, Dhan on Wednesday announced the launch of 'Gold Vault' at an event in Mumbai.
According to Dhan, this is a first-of-its-kind investment product where the investor has control over the bullion's rate, purity, ownership, and safekeeping.
Speaking with ANI, Jay Prakash Gupta, Founder and COO of Dhan, said, "Your gold is secured; it is owned by you and not by someone else. This ensures that storage risks are taken care of. Additionally, you get better infrastructure, convenience, and a transparent pricing structure."
Gupta also mentioned that the product aims to address the key challenges faced by retail gold investors in India. He stated, "The Gold Vault seeks to bridge gaps in the current system by offering transparency in pricing and quality, convenience in storage and delivery, and efficiency in capital deployment all accessible through a single application."
The Dhan COO added that the firm is currently serving 457 cities and towns through its logistics partners. He noted that the new Gold Vault offers real-time, exchange-linked pricing and secure, regulated storage through a clearing corporation. This approach provides transparency and control over the entire investment process.
Providing more details, the firm stated that every gram of gold or silver a user buys is settled through MCX/MCXCCL, one of India's most trusted commodity exchanges and clearing corporations. The price comes directly from the MCX exchange without markups, hidden spreads, or surprises.
Once the gold or silver contracts are physically settled, they are delivered or stored in exchange-regulated, MCX-partnered vaults via ComRIS accounts for users. These are the same institutional-grade facilities used by large financial players, now available to retail investors for the first time.
The Gold Vault by Dhan is available now to all users on the Dhan app. Investors can get started directly within the application.
— ANI
Reader Comments
Good initiative but I have concerns. What if the company goes bankrupt? Will my gold still be safe since it's held through MCXCCL? Also, can we actually take physical delivery without hassle? These are important questions for retail investors like my parents who are not very tech-savvy.
This is exactly what the Indian market needed. As someone who works in fintech, I can see how this addresses the pain points of traditional gold buying—making charges, purity doubts, storage risks. The MCX-linked pricing is a game changer. Kudos to Dhan for thinking different. 👏
Interesting concept but I'll wait for more reviews. Gold has always been a family trust thing—we buy from the local jeweler known for generations. Making it purely digital might reduce the emotional value. Also, I hope there's an easy way for my father in a small town to understand this. Not everyone is comfortable with apps.
This is brilliant! As an NRI, I've always wanted to invest in physical gold without the hassle of storing it in India. The ComRIS account through MCXCCL gives me confidence. Just need to check if this works for overseas residents too. Great step towards formalizing gold investment in India! 🚀
About time! Indian households have lakhs of crores in idle gold sitting in lockers. If this makes gold more liquid and accessible, it's a massive win. Just hope the redemption process is smooth—we've seen too many fintechs fail on customer service during withdrawals. Fingers crossed 🤞
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