On-line buying and selling and funding platform Dhan has launched Gold Vault, a brand new funding product that enables retail traders to purchase bodily gold and silver at dwell costs linked to the commodity alternate.

The corporate, which competes with Groww and Zerodha, mentioned the product operates inside SEBI-regulated capital market framework, with settlement facilitated by MCXCCL, providing traders a regulated route to purchase and maintain bullion belongings.

With Gold Vault, traders can purchase gold or silver primarily based on dwell MCX costs, commerce by futures contracts, and select bodily supply of the bullion. The belongings are then saved in exchange-regulated vaults by ComRIS accounts, utilizing institutional-grade storage infrastructure.

Historically, gold shopping for in India has usually concerned issues round purity, pricing transparency and protected storage. Dhan mentioned the brand new providing seeks to deal with these points by linking purchases on to alternate costs, with out markups or hidden spreads.

“Gold has at all times been probably the most trusted retailer of worth for Indian households, however the expertise of shopping for and proudly owning digital gold has largely remained outdoors regulatory purview,” mentioned Pravin Jadhav, Founder and CEO of Dhan.

“We requested what it will take for an investor to really feel fully protected shopping for and proudly owning gold or silver digitally. The reply was alternate settlement contracts, regulated vaulting and nil counterparty danger. We constructed precisely that,” he added.

In accordance with the corporate, each gram bought by the platform is settled by MCX and MCXCCL, whereas storage is dealt with in vaults usually utilized by institutional individuals.

Jay Prakash Gupta, Founder and COO of Dhan, mentioned the platform is bringing to retail traders an possession construction earlier accessible primarily to classy market individuals.

“By routing each buy by precise MCX futures settlement and MCXCCL clearing, we’ve got eliminated structural dangers seen in digital gold merchandise,” he mentioned.

Praveena Rai, Managing Director and CEO of MCX, mentioned the transfer may enhance transparency and accessibility in gold investing. “By combining exchange-led liquidity and worth discovery with regulated infrastructure, traders can now put money into gold with confidence, backed by clear pricing, settlement and safe vaulting,” she mentioned.

The event comes shortly after Dhan acquired algorithmic trading platform Stratzy to develop its presence in India’s capital markets ecosystem.