Dhan App's Gold Vault offers facility to purchase physical gold on Dhanteras

Apart from traditional purchases, digital options have now become available for investing in gold on the occasion of the Dhanteras festival. According to a report by Amar Ujala, the Dhan app has introduced a facility named 'Gold Vault', providing investors with a new way to purchase gold.

Under this Gold Vault facility, customers can purchase physical gold through MCX contracts. The platform takes responsibility not only for the purchase but also for the secure storage of the purchased gold. Investors can take delivery of this gold whenever they require it.

However, along with the benefits of investing through this digital medium, there are some drawbacks. Amar Ujala noted that investors have to pay several additional charges while using this facility, which is important to keep in mind.

Thus, for purchasing gold on Dhanteras, people now have the option of a digital vault alongside visiting jewellers, which claims to make physical gold transactions easier and more secure.

According to Wikipedia, gold is a chemical element with the symbol Au and atomic number 79. In its pure form, it is a bright metal-yellow, dense, soft, and malleable. Chemically, it belongs to the group of transition metals and noble metals. In the reactivity series, it ranks second, with only platinum being less reactive than it. Under standard conditions, gold exists in solid form.