Dhan, a prominent brokerage firm, has introduced the ‘Gold Vault’ app, which enables retail investors to purchase gold and silver in various denominations as per market prices on the Multi Commodity Exchange (MCX), starting from 1 gram.
Investors now have the option to pay for the gold outright rather than incurring a margin cost associated with derivatives trading. The quantity of gold purchased will be reflected in the investor’s app interface.
Upon the expiration of a derivatives contract, investors can request delivery of the gold to their specified address. MCX offers live contracts that expire on June 5, August 5, October 5, and December 4.
Jayprakash Gupta, the founder of Dhan, stated that existing digital gold products often pose high risks due to a lack of regulation. In contrast, the Gold Vault app offers a regulated and transparent pricing structure overseen by the Securities and Exchange Board of India (Sebi). He emphasized the assurances provided by the service regarding gold purity, clear pricing, and convenient door delivery.
While there are additional costs, such as a trading fee of ₹20 per order, along with vaulting, insurance, and transport charges, Dhan asserts that the overall expense will be 3-4% lower than purchasing gold from major jewelers and banks.
It is important to note that buyers cannot sell the gold back on the exchange platform without a Goods and Services Tax (GST) number. However, gold acquired via MCX will be accepted by all leading jewelers at the current market rate.
Gold contracts are available in sizes of 1 kg (1000 grams), 100 grams, 10 grams, 8 grams, and 1 gram. Silver contracts can be purchased in quantities of 30 kg, 5 kg, and 1 kg.
Gupta pointed out that investors can buy as little as one gram of gold each month, with storage options available in the vault, allowing for delivery at any desired time.
Praveena Rai, Managing Director and Chief Executive Officer of MCX, remarked that the app enhances the transparency, accessibility, and security of gold investing for individuals across India.
By aligning exchange-led liquidity and price discovery with a regulated framework, investors can now engage in gold investment through futures with greater confidence, assured by clear pricing, secure settlement, vaulting, and smooth delivery processes.
Published on April 29, 2026.
