Dhan Introduces Innovative Gold Vault for Retail Investors in India
Dhan launches gold vault for retail investors
News 18
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Dhan, an investment platform based in Mumbai, has launched 'Gold Vault,' allowing retail investors to purchase physical gold and silver at live exchange-linked prices. This initiative aims to enhance transparency and accessibility in gold investing within India's regulatory framework.
- 01Dhan's new product, Gold Vault, allows retail investors to buy physical gold and silver.
- 02Purchases are made at live exchange-linked prices through the Dhan application.
- 03The offering complies with SEBI's regulatory framework and utilizes MCX Clearing Corporation for settlements.
- 04Investors can engage in bullion futures contracts with options for physical delivery.
- 05Industry leaders highlight the product's potential to enhance transparency and security in gold investments.
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Dhan, an investment platform located in Mumbai, has launched 'Gold Vault,' a new product designed for retail investors to buy physical gold and silver at live exchange-linked prices. This innovative offering operates within the regulatory framework set by the Securities and Exchange Board of India (SEBI) and facilitates settlements through the Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL). Investors can participate in bullion futures contracts linked to the MCX prices and choose physical delivery of the metals. Pravin Jadhav, Founder and CEO of Dhan, emphasized that Gold Vault is a product that Indian investors have long desired, marking Dhan as the first to deliver such a service. Praveena Rai, Managing Director and CEO of the Multi Commodity Exchange, noted that this launch represents a significant advancement in making gold investment more transparent, accessible, and secure across India.
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Gold Vault aims to democratize gold investment for retail investors in India, providing them with a secure and transparent way to invest in physical gold and silver.
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