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

Product Announcements šŸ”ˆ
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Hi @shaanchopra

We will also share a detailed post and video explaining the home delivery process soon.

The delivery address is not fixed, you can update it at the time of placing the home delivery request. However, delivery will be made only in your name and to your registered mobile number (for OTP).

Since this involves high-value bullion, the entire logistics process is fully secured and insured. At the time of delivery, the delivery executive will verify your physical ID to match your Dhan account identification, and the handover will be completed only after a secure OTP confirmation.

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Hi @naman,

I believe, it is more of a perception thing. Those who have read NSEL saga or Amex saga generally get apprehensive in such an arrangement.

Yeah! This is equivalent to holding stocks in cash, so that ways it is a good initiative.

Letā€™s see how it pans out!

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In the above screenshot I can see bullion cost as ā‚¹15.2k and final ā€œto payā€ cost as ā‚¹16.1k

This is almost 6%.

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Hi @vishaln There a price at which a contract is traded, which is reflect in the Bullion cost + there are charges associated with it. These are standard charges, possibly the only one major that is associated with it is 3% GST which is applicable for all formats of Gold purchases, the rest are Brokerage (charged by Dhan), Exchange Transaction fees + SEBI + Stamp Duty + Physical Settlement Charges & Clearing Corp ones.

Every format of Gold presented / offered to retail users has its own charges, be it Physical Format, Digital Gold or Purchase directy from Exchange. Please note - we donā€™t want to say that this is the cheapest price of Gold, if that is what you are looking for.

This is the best form of Gold at super competitive prices for retail investors + regulated + storage in secured vaults + physical delivery when you need it.

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@Naman I donā€™t think its a better option compared to ETFs. With a 0.5% expense ratio vs 50/gram Vault charges, its a small difference but expense ratio is on the value which would increase with total value per year which is the only benefit. The upfront tax on Gold, Packing, Settlement and GST on Charges are additionals which would help in buying more units in ETFs. Also the LTCG is 24 months compared to 12 months in ETFs.

On the other hand I believe its a better option vs buying a gold bar from a jeweller. We save on the storage charges as the vaultā€™s per year charges are cheaper compared to a bank lockerā€™s annual rental.

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An excellent product which encourages asset purchase for diversification in a simple and straightforward manner with robust security :heart_hands:

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One thing to note here: HOME DELIVERY!

Still @Dhan is not offering Digital re-KYC. Come on guys!

My address is wrong and if by mistake I forgot and take delivery then I would lose 2x of investment :smile:

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At the time of placing home delivery order you can enter your current address in this feature.

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@PravinJ @Dhan NSE recently launched Electronic Gold Receipts(EGRs). How is Gold Vault different from EGRs? When is Dhan planning to integrate EGRs in the platform?

Details: Electronic Gold Receipts

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@Dhan Any comments on EGRs?

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Hi @nitishbangera, we have noted your feedback on providing EGRs on our platform. which provides very similar functionality to the gold vault by Dhan.

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Hi @nitishbangera

We have been getting questions from a lot of community members and users on the similar lines, and hence created this post with detailed comparison.

Almost all your questions are getting answered:

Happy to know your thoughts on this.

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