Dhan has launched 'Gold Vault', a new service enabling retail investors in India to purchase gold and silver at live prices linked to the Multi Commodity Exchange of India (MCX) and opt for physical delivery. This platform serves as a bridge between derivatives trading and physical ownership, allowing users to engage in bullion futures contracts while having the option to take delivery of the underlying assets. The service is designed to address common frictions in gold purchasing, such as pricing opacity and high storage risks. By linking prices directly to MCX benchmarks, 'Gold Vault' aims to provide transparency and reduce arbitrary mark-ups typical in retail bullion markets. Transactions are conducted through a Sebi-regulated infrastructure, enhancing investor protection compared to informal channels. Unlike gold exchange-traded funds (ETFs) or sovereign gold bonds, investors can hold physical metal if they choose. However, potential investors should consider the costs associated with physical delivery, including storage and insurance, as well as market volatility affecting gold prices. Dhan's founder, Pravin Jadhav, emphasized the demand for this seamless access to physical bullion, while MCX's CEO, Praveena Rai, noted that the service could enhance transparency and security in gold investing.