product that allows retail investors to buy physical gold and silver at live prices on the commodities exchange, and get home delivery as well.
“We are trying to build a regulated product for investors who want to buy physical gold and silver, and we also provide safe delivery to their pin codes,” said founder and COO Jay Prakash Gupta.
The product operates within Sebi’s (Securities and Exchange Board of India’s) regulatory framework, giving investors a compliant way to buy gold and silver. The physical delivery is facilitated by the Multi Commodity Exchange Clearing Corporation Limited (MCXCCL)
“With this, Dhan is changing how digital gold works. Every purchase goes through MCX futures settlement and MCXCCL clearing. That reduces risks in gold products, ” Gupta added.
Mumbai-based Dhan, operated by Raise Securities, was started in 2021 by Pravin Jadhav, Alok Pandey, Gupta, and Raunak Rathi. Last year Dhan became a unicorn after raising $120 million led by Hornbill Capital. Its valuation is around $1.2 billion, per an earlier ET report.
Dhan has been expanding its operations beyond brokerage, and building an ecosystem around its platform. Since 2021, it has added dhanHQ for trading, and data APIs and Upsurge.club for investor learning.
The company has also moved into content with the acquisition of Filter Coffee, and launched AI-led products like Fuzz and Artham. Recently, it added Strazty for algorithm strategies and DEXT3, a desktop terminal.