Dhan , one of India's fastest-growing trading and investment platforms, has introduced Gold Vault , enabling Indian investors to purchase physical gold and silver at MCX live prices. Launched on April 29, 2026, in Mumbai, this first-of-its-kind investment product allows investors to buy physical gold and silver at exchange-traded prices with the option of physical delivery at their doorsteps after settlement.

What is Gold Vault by Dhan

Gold Vault by Dhan is a SEBI-regulated investment product that provides retail investors access to MCX bullion futures contracts. Investors have the option to receive physical delivery of gold and silver at the same MCX live prices available to institutional investors. Every Gold Vault purchase is routed through MCX futures settlement and cleared through MCXCCL (MCX Clearing Corporation Limited), eliminating markups, hidden spreads, and counterparty risks associated with conventional digital gold platforms in India.

The gold and silver purchased through Gold Vault are stored in exchange-regulated, MCX-partnered vaults and tracked by ComRIS (Commodity Receipts Information System) accounts—the same institutional infrastructure used by commodity market participants.

Key Features and Benefits

Gold Vault addresses several challenges associated with physical gold investment in India, including high making charges from jewellers, markups on online platforms, and lack of transparency in regulation and authentication. The product offers:

• Real-time exchange prices based on live MCX prices without markups and hidden charges
• 999 purity bullion
• SEBI-regulated operation within the capital markets ecosystem, reducing counterparty risk
• Secure vaulting in MCX-partnered vaults offering institutional security
• Doorstep delivery in all major cities and towns

Available Denominations

Gold Vault provides a wide range of gold and silver denominations, allowing investors to choose according to their budget:

These multiple denominations allow investors to start investing with as little as 1 gram of gold or 1kg of silver, making it suitable for both HNIs and new investors with limited budgets.

Leadership Perspective

Pravin Jadhav, Founder & CEO, Dhan, emphasized the product's significance: "Gold has always been the most trusted store of value for Indian families; the experience of actually buying, holding, and trusting digital gold has been outside regulatory purview. While building Gold Vault, we asked a simple question - what would it take for an investor to feel completely safe buying & owning Gold or Silver digitally? The answer was exchange settlement contracts, regulated vaulting, and zero counterparty risk. We built exactly that."

Jay Prakash Gupta, Founder & COO, Dhan, added: "By routing every purchase through actual MCX futures settlement and MCXCCL clearing, we've eliminated the structural risks that have quietly plagued digital gold products in India. The price is exchange-benchmarked, the delivery is physically settled, and the storage is institutionally regulated."

Praveena Rai, MD & CEO, MCX, endorsed the launch: "By combining Exchange-led liquidity and price discovery with regulated infrastructure, investors can now invest in gold via futures with confidence, backed by transparent pricing, settlement, secure vaulting and seamless delivery."

How to Access Gold Vault

Investors can access Gold Vault directly through the Dhan app by activating their Dhan account, selecting their preferred gold and silver denomination, buying the selected MCX futures contract at live exchange prices, and choosing either physical delivery post settlement or storage in the MCX-partnered vault.

Dhan, operated by Raise Securities Private Limited, has achieved a significant milestone by securing the 9th position among India's top 50 stockbrokers based on active client count. The platform added 18,824 net clients in March 2026, demonstrating strong growth momentum in the competitive Indian brokerage landscape. With a total of 10,37,032 active clients, Dhan has positioned itself ahead of several established players and firmly within the top 10 brokers.

Strong Performance in Net Client Additions

Dhan's performance becomes even more impressive when examining net client additions specifically. The platform ranked third among all brokers in this metric, trailing only the market leaders Groww and Zerodha. This achievement places Dhan ahead of prominent competitors including Angel One, Kotak Securities, ICICI Securities, HDFC Securities, and SBI Securities.

India's Top Stockbrokers Landscape

The competitive landscape reveals the dominance of discount brokers in client acquisition. Groww leads with 1,29,39,127 active clients and added 1,93,261 new clients in March 2026. Zerodha follows with 68,93,753 active clients and 21,459 new additions, while Angel One holds third place with 67,62,906 active clients.

Technology-Driven Growth Strategy

Since its launch in 2021, Dhan has built its platform around three core pillars that have contributed to its rapid ascent. The company developed a product-first architecture designed to serve various user types, from intraday traders to long-term investors. The platform supports trading across equities , ETFs , futures , options , and commodities , enhanced by features like smallcases integration, TradingView connectivity, and advanced screening tools.

Dhan's infrastructure investment centers on its proprietary DEXT engine, which enables fast order execution and latency optimization. This technological foundation, combined with the DhanHQ trading API ecosystem, has attracted algorithmic and systematic traders who require institutional-grade execution capabilities.

Competitive Positioning and Market Differentiation

Dhan's positioning differs from its top-tier competitors through its focus on active trading infrastructure. While market leaders Groww and Zerodha primarily target mass-retail investors and first-time users, Dhan concentrates on serving active traders and sophisticated investors. Compared to traditional bank-affiliated brokers like ICICI Securities, HDFC Securities, and Kotak Securities, Dhan emphasizes technological flexibility and execution speed over branch networks and research services.

The platform maintains competitive pricing with zero annual maintenance charges, platform fees, and account opening charges, while providing advanced tools previously available only to institutional investors. This strategy has enabled Dhan to attract both high-intensity traders seeking robust execution capabilities and cost-conscious investors preferring transparent pricing structures.

Strategic Vision and Market Outlook

Dhan's growth trajectory reflects its commitment to performance-first infrastructure, user-friendly design, and ownership-centric features. The platform aims to provide Indian traders and investors with execution speed and infrastructure comparable to global benchmarks, while maintaining accessibility for users across experience levels. The company's long-term vision focuses on becoming a unified platform serving the complete spectrum of market participants, from first-time investors to high-frequency algorithmic traders.