Just took this screenshot from one of popular ecommerce website, are here are thr prices of 10 gms of Gold (999 purity).
And here is the price on Gold Vault by Dhan.
Of course, both will have delivery charges on top of this.
But yes - hope you get the point why purchase from exchange on Dhan’s Gold Vault makes sense 
@PravinJ Great comparison. I completely agree that if the requirement is to buy a gold bar or a coin from a jeweller then Gold Vault or EGRs make complete sense because you get direct bullion rates and also the user saves on the locker rent if its stored in the vault. But if its only for investment then Gold ETFs are the way to go.
@PravinJ i am accumulating it slowly. Wanna know what will be the delivery charges?
I read it depends on location and quantity but still if I need 10gms inhyderabad. If I can get a little estimate. It will be easy for me to decide accumulating.
@PravinJ Really appreciate post like this. Short, simple and very useful.
This kind of explanation make crisp and clear about the product advantage Thanks for Post 
Here mentioned vault charges of 100 are for how much period?? Like 1 month, 6 months or 1 year? @PravinJ
Hi @Rakesh_Roshan It will depend on the location of vault and your home. It will be delivered and insured as well, delivery will be handled by registered delivery partners only and not the local courier or delivery folks.
May be in range of 200 to 500 for most common & small denominations, we will try to publish these details - so please don’t hold this post of mine, it is a parter enrolled by exchanges + clearing corporation.
Hi @Cool2050 the vault charges are for 1 year, but I kind of assume people will take delivery in a year itself. Like I have started accumulating too, will get delivery in Diwali
We have started delivery of Gold & Silver for users those who request home delivery for it 
Buy at Live Exchange Traded Price
24K, 999 Purity
Stored in Instituional Vaults
Regulated by SEBI & Exchanges
Super competitive prices
A new way to buy the world’s oldest and most admired asset for ages.
Happy to see this
Dhan’s Gold Vault is not just a Product, its beyond that …
Gold Vault as a product is amazing and the packaging is really good . Probably have another logo for Gold Vault by Dhan .
That ecommerce screenshot clearly shows how much extra money people end up paying outside. Bringing live MCX pricing with secure home delivery is a massive value addition for users. Great to see this level of honesty from Dhan!
Sir , you have share correct, but charges are also associated with dhan vault
I have purchased silver 5 × 100gm , the charges charged are as follows on dhan vault
For Purchase amount of silver 5 ×100gm = 108000 Rs
Gst @ 3 percent on silver = 3240 Rs
Seller making charges = 2000Rs
Secured vault charges including gst @ 18 percent = 11800Rs
Home delivery charges from Ahmedabad toJaipur including Freight, insurance ,handling and gst @ 18 percent = 10000Rs
Exchange, Settlement &Brokage Charges = 300Rs (Approx)
Total chages paid excluding 3 percent gst on silver price = Rs 24100
Cost of Acquisition 24100/ 108000 = 22.30 Percent
Even then i am thinking Dhan vault is best product
Hi @Sonali_Chandra Some of the charges will get revised with scale is what we believe, please note Silver 100 is a new contract and attracted old price of vault, the same has been revised downwards by 80% by MCX and the benefit of same has been passed on to our users. Additionally, the home delivery is done by authorised delivery partners who do same via same vehicles / infra they do for institutions. GST and taxes are beyond our control, but where ever we can make a difference we try to do for our users.
Hi Sir,
Thank you for your detailed clarification and acknowledging the charges. I appreciate that Dhan has passed on the benefit of the revised MCX vault charges to users and that GST and statutory taxes are outside your control. But those who intially rely on dhan and purchased from them get no benefit.
However, my concern is broader than just the MCX vault charge revision.
Even for a newly launched regulated product, a cost of acquisition of around 22% (excluding the 3% GST on silver itself) is, in my opinion, extremely high. While I acknowledge that the delivery infrastructure is of institutional grade—I have personally experienced the delivery process, where the delivery vehicle was similar to those used for ATM cash transportation and was unlocked in my presence—the delivery quality alone does not justify charges of this magnitude. Paying nearly 10% of the commodity value for total home delivery charges and around 5% for transit insurance appears excessive, especially for a regulated exchange-delivered product.
Another concern is transparency. As far as I could see, there is no clearly disclosed upper limit or ceiling on home delivery charges. Once the commodity reaches the vault, the only available option is to take delivery through Dhan’s delivery arrangement. In such a situation, users have no practical alternative. Even if delivery charges were substantially increased in the future say Rs 20000 per 100gm of silver, customers would have little choice but to pay. At the very least, there should be a transparent methodology or a maximum cap on delivery charges.
Regarding the MCX circular, you are absolutely correct. MCX Circular No. MCX/MCXCCL/384/2026 dated July 3, 2026 reduced the vault charge from ₹5 to Re.1 per unit. However, both this circular and the earlier MCX Circular No. MCX/MCXCCL/119/2026 dated June 1, 2026 clearly state that vault charges are to be collected based on the actual number of days the commodity remains in the vault.
In contrast, Dhan Vault appears to levy vault charges on an annual basis even if the commodity is held for only a day before delivery. This gives the impression that the Dhan Vault arrangement may operate outside the scope of the MCX vault charging framework, which is why the charging methodology differs. It would be helpful if Dhan could clarify this aspect and explain why annual vault charges are applied instead of charges based on the actual holding period.
I agree that Dhan has no control over GST rates. However, GST is calculated as a percentage of the underlying charges. Therefore, if the base charges themselves are high, the GST payable will also inevitably be high. While the tax rate may be beyond Dhan’s control, keeping the underlying charges reasonable would automatically reduce the GST burden on customers.
I continue to believe Dhan Vault is an innovative and useful product, but I hope these concerns are considered. Greater transparency and a more reasonable cost structure would make the offering significantly more attractive for retail investors.
Based on the current charging structure—particularly for the Silver 100 contract, which I have personally experienced as a retail trader (and since retail participants generally purchase the minimum deliverable quantity at a time)—the tagline that unfortunately seems to fit the product today is:
“Aapka Dhan, ab Dhan ka Dhan.”
I say this not as criticism for the sake of criticism, but in the hope that the product evolves into one where the costs are as competitive as the platform itself.
@Sonali_Chandra I did a quick calculation on purchasing gold via Dhan vault or directly vs holding on to ETFs. Considering the holding period and the expense ratio for an ETF, paying an upfront 22.3% really doesn’t make sense. The capital gain on sell is the same but on physical gold, the period is 2 years for LTCG so liquidity quotient is towards ETFs as well. The only case is when we sell an ETF and buy physical gold which also I think would not match the upfront cost for atleast 20 years. Hence I am not sure what is best here.
Good point, sir. While reading your comment about capital gains, one concern came to mind. Dhan does not provide a proper GST invoice for all the handling and other charges, vault Charges, delivery Charges, insurance Charges , making charges with a clear HSN number and complete cost breakup. For silver transactions, these charges appear only as ledger entries.
I think this could create difficulties for a retail investor while calculating capital gains in the future. Since proper bills or invoices for these charges are not available, it may be difficult to establish and justify them as part of the cost of acquisition. There is also a possibility that, during capital gains assessment, these ledger entries alone may not be sufficient to claim such charges as part of the acquisition cost. Associating each charge with the corresponding silver purchase could also become quite tedious.
The charges are not part of the acquisition cost. Its sunk cost and its similar to when you buy physical gold or silver. Buying physical gold is good if its jewellery. Keeping bars or coins really does not make sense. If the plan is to give it to make jewellery later on then we come down in purity and have additional GST too.
