Introducing: Now Buy Gold & Silver directly from Exchange with Gold Vault by Dhan

[PravinJ]

Hello Everyone,

Gold has always had a special place in every investor’s journey. It is not just an asset, but something that stands for stability and long-term value.

For generations, it has been the go-to choice for building, creating and preserving wealth. Gold as an asset, has also been in many formats - Coins, Jewellery, Bonds, ETFs or even Digital Gold that has gained popularity recently.

Even today, the experience of actually owning Gold is still scattered and not very convenient. Investors often have to choose between options that either lack price transparency, involve trust issues, or would have problems around storage or format, when in digital format.

When you buy Gold from a local jeweller, you mostly depend on trust for purity and pricing, with very little standardisation. Digital gold, while easy to access, raises questions about price, regulation and actual ownership. Each option to old Gold solves one problem, but not everything together. This gap between what investors expect and what they actually experience is what stood out to us.

Today, investing in Stocks, ETFs, Mutual Funds, and other market instruments is simple, fast, and transparent. But Gold, even after being one of the oldest and most trusted assets, has not evolved in the same way. We felt that owning Gold as an asset should feel just like investing in markets today. It should be simple to access, easy to understand, completely transparent in pricing, and backed by systems that you can trust without thinking twice.

This made us rethink from the ground up, not just how Gold is bought, but how it is owned, stored, and accessed when needed. The goal was not just to digitise Gold, but to truly upgrade the entire experience of owning it in its purest form.

Now Live: Buy Gold & Silver directly from Exchange with Gold Vault by Dhan

Dhan now has a new way to invest in real Gold and Silver with Gold Vault - directly on the exchange at the live prices that you see on your screens.

With Gold Vault on Dhan, you are not buying a digital product or a paper contract. You are buying actual bullion (Gold & Silver) through exchange mechanisms, with prices coming directly from the Multi-Commodity Exchange (MCX) of India, giving you complete transparency at every step. There are no hidden markups, no confusion, and no compromise on purity.

Once you place an order, you are buying an exchange-traded Gold or Silver futures contract that goes through the full exchange trading & settlement process. After settlement, the Gold or Silver is fully yours.

What makes this experience truly powerful is how smoothly everything works behind the scenes. Your investment goes through a regulated exchange and clearing corporation system, and once settled, it is stored safely in Securities and Exchange Board of India-registered vaults. These are the same institutional-grade vaults used by large market participants & financial institutions, that are now made accessible to you directly through Dhan.

And when you want your Gold or Silver delivered to you physically, it is just as easy. You can request home delivery anytime after settlement, and your bullion assets (Gold or Silver) will be safely delivered to your doorstep.

You can also choose from a range of standard denominations in both Gold and Silver, so you can start small or build larger holdings over time. These denominations are aligned with exchange standards, so what you invest in remains authentic and properly standardised.

The available denominations are :

• Gold 1gm - GOLD PETAL

• Gold 8gm - GOLD GUINEA

• Gold 10gm - GOLD TEN

• Gold 100gm - GOLD MINI

• Gold 1Kg - GOLD

• SILVER 1Kg - SILVER MICRO

• SILVER 5Kg - SILVER MINI

• SILVER 30Kg - SILVER

At Dhan, we have always focused on building products that make markets simpler and more transparent for everyone. With Gold Vault, we are taking that same thinking beyond financial assets and into something real, bringing together exchange pricing, true ownership, secure storage, and home delivery into one smooth experience.

Gold Vault is now available on the Dhan app. We are excited for you to experience a better, simpler way of owning Gold and Silver as an investment asset.

Kind Regards,
Pravin

[Tushar11]

Exciting , but can’t find the option in app or web, can you please point out where it can be accessed.

[Tushar11]

““Once you place an order, you are buying an exchange-traded Gold or Silver futures contract that goes through the full exchange trading & settlement process. After settlement, the Gold or Silver is fully yours.””

I have few questions :

1. when we are buying futures contract we need to pay only the margin on that date , now if we want physical settlement or delivery then how many days before the expiry we need to pay the complete contract value.

2. can you please explain in detail the mechanism how this will work from trade initiation ie buying futures contract till delivery.

3. can we take delivery directly from registered vaults, can the metal be asseyed there to verify the purity ?

4.will there be any charges for storage in sebi registered vaults beyond certain days

5. is the process same for both gold or silver

[Goal_Archiver]

These will be the charges for 1gram gold order placement.

[Pratham_Gada]

Hi @Tushar11 - it’s getting rolled out to all the users. Please update your app - it should be visible.

[Naman]

Hi @Tushar11,

1. Bullion Cost & Payment

This is an investment product with no leverage. When you buy gold here, you’re actually buying a futures contract with the intention of physical settlement. Since physical settlement happens on the full bullion cost, we block the full amount upfront, so from day one, you’re paying the full value.

2. Lifecycle & Mechanism

A lot happens behind the scenes, but on your end, you just need to place the order once. The lifecycle moves through three stages (also reflected in the Vault section):

• In Trades: The order is still a futures contract at this point. Daily MTM runs and is adjusted in your ledger. This position won’t appear in your regular positions or orderbook. You can exit anytime before the staggered delivery period begins.
• In Vault: Physical settlement is complete. The bullion is stored in a regulated vault and the futures contract is converted to a WHR (Warehouse Receipt), think of it like a stock held in a demat account (ComRIS). From here, you can request home delivery.
• At Home: Once you request home delivery, the bullion moves into this section.

3. Home Delivery & Purity

Home delivery is facilitated by Dhan in coordination with our logistics partner. Since this is an exchange-traded futures contract with standard contract specifications, purity is assured. For smaller denominations (1g, 8g, 10g), the refiners/manufacturers provide blister packaging that doubles as a certificate of authenticity. For big size bullions, the certificate card/paper will be given to you on home delivery.

4. Vault Storage Charges

Storage costs ₹50 for 1 gram of gold per year. If you continue storing beyond the first year, charges recur annually and are auto-deducted from your trading balance.

5. Gold & Silver

Yes, the process is identical for both Gold and Silver.

This is live for most users on Android. iOS rollout is phased, with 100% coverage by tomorrow.

[manoj_reddy]

Hi @Naman

This is a great initiative.

Have one query related to taxation. Since we are doing FNO here in commodities with physical settlement. How do we need to report this

With the cash segment of gold/silver etf, we have to disclose only when there is a sell transaction and pay the tax.

How does this work with vault

[Naman]

In this case, there are two types of tax you’ll need to pay, applicable to different events in the lifecycle:

1. Non-Speculative Business Income Tax
   Applicable for the period when your bullion was still a futures contract. Tax is levied on the MTM gains made from the date of purchase to the date of physical settlement.

2. Capital Gains Tax (CGT) on Gold
   Applicable when you eventually sell the physical gold in the open market. This is taxed as capital gains on the bullion itself. The base price will be the invoice value which is based on the settlement price.

[Pranav1]

Physical Delivery Charges are included in these charges or not..May I know..?

[Mohseen_Usmani]

We’ve launched something interesting for everyone who invests in gold & silver Would love to hear your thoughts after trying it out.

@amit @sri1647 @OMKAR_kadu @Shally @pratik01 @Satyam @RajeshK @aritra @onkar @drashtimehta12 @dazzler263 @jaison @pushpa @Himangshu @LovishGupta @erankitjain @VSDTheTrendSailor @Vignesh_N @amish @Sreerajpv @TraderX @Vishal_Singh @Happy_Life @Altaf_Sheikh @D_Saha @gmatesunny @mnikhil @Archgecko @jaswantTrader @GOPAL_MAKWANA @Boom_Babish @KirubakaranRajendran @dsc @LokeshK @Harish_Kumar3 @vrpatilisl @Garlapati_Srikanth @Ashutosh_Singh1 @Sahil @Jigar @hustler @InjectorX @AG001 @Prince_Kumar3 @AYUSH @Vishk519 @NitinUppal @ValueInvestor0 @Saurabh @Harsh @Trader_Rdx @trust_level_0 @trust_level_1

[t7support]

Great offering from Dhan. Am sure it is going to appeal to a lot of people. But am trading gold and not investing in it. Up or Down Gold should make money for me

[Shally]

First time I heard of such an option. Thanks @Dhan team.

I feel people might be initially sceptical about this as investors still prefer physical gold or at most ETFs/Index Fund.

Paying and then having it stored in vault might be little apprehensive

[Pranav1]

Physical Delivery Charges are included in these charges or not..May I know..?

[sri1647]

I have one question in mind - this gold vault involves many statutory charges. When I can get physical gold with lesser charges outside, why should i prefer gold vault if my intention is to take physical delivery? If my intention is not delivery, i will trade futures with lesser margin.

[U.S]

Valid point bro. But it really depends on your goal.

For swing trading? Futures is definitely better.

But for long-term holding, rolling over futures every month is a headache. Plus, local jewelers might seem cheaper to buy from, but they take a massive cut when you go to sell it back.

The vault is just for peace of mind—guaranteed purity, no rollover stress, and instant liquidity at live market prices.

How to use Dhan Gold Vault Features https://youtu.be/TyMPnYb3nPo?si=UDpU3LZSPQUrgibn

[vishaln]

First of its kind product but not sure if it’s good for retailers due to F&O nature, lot of charges and complex taxation.

Is there any advantage over ETF for this product? Price, safety or anything else?

[shaanchopra]

This is a good product; I like it. It spares me from making charges, store’s mischief and overhead.

Can you also share a video showing how the gold is delivered at a tier 3 or 4 location? I would like to know what the security mechanism is. Also, what are the delivery charges, if any?

Is the delivery address fixed as per the Demat details, or can it be changed? As some of us work in metro cities, our permanent address would be different. (different billing and shipping addresses)

[Naman]

Hi @Pranav1

If you are asking about Physical Settlement Charges (also called Physical Delivery Charges) of the futures contract, yes, it is included. You can check the complete bifurcation of the charges in the transaction estimator by clicking on the arrow beside ‘To Pay/Margin’.

If your question is regarding Home Delivery Charges (Logistics & Handling Fees), then it is not included. The Logistics & Handling Fees will depend on the location of address you ask for the delivery. This will be transparently shown to you when you request for Home Delivery.

[Naman]

Hi @Shally

Contrary to your view, people are actually excited about this product. This product solves important pain points when they buy physical gold at local shop or ETFs

• Price : The discovery of price is fair & transparent. It is directly discovered through exchange. The same price is referred by bullion dealer or shopkeeper. No markup, no spread.
• Purity : Futures contract has defined contract specification. It guarantees for the minimum purity. For eg 1gm of Gold Petal will be with the minimum purity of 999. All the suppliers are LBMA or MCX approved. The bullion will have a cetificate/certicard along with the serial number. Refer the contract specification for GoldPetal here.
• Storage : The biggest headache for owning up gold is the storage. We asked this question - why cant gold investment be same as stocks investments. And yes, here Vaults & MCXCCL solves this. You just invest in gold, it will be safely stored in SEBI registered Vaults on your name. Ask for home delivery when you want it.

Gold ETFs - Good enough, we do offer Gold ETFs as well on our platform. But you cant own the physical form of gold in ETF & again the NAV calculation is not transparent. On top of it you pay the expense ratio, which is definitely much higher than the Vault Charges. The expense ration on Gold ETFs vary from 0.3% to 1% yearly

@vishaln @sri1647