A demat account is always opened in the holder's own name using her own PAN, Aadhaar and KYC, so it cannot be transferred as an object. What a brother gifts is the account opening itself and the money for the first purchase in it. At Ashlar India, her account can be opened at kyc.ashlarindia.com or through WhatsApp eKYC in about ten minutes.

One gram. The MCX Gold Petal has a trading unit of 1 gram, making it the smallest gold futures contract on any Indian exchange and the world's first successful one-gram deliverable gold contract.

999 purity, or 24 karat. The gold is supplied by LBMA-approved or MCX-approved suppliers, serially numbered, and accompanied by the supplier's quality certificate.

Delivery-based. Settlement is by compulsory delivery, and all open positions at expiry are automatically marked for delivery — there is no cash-settlement route out of it once expiry arrives.

Yes. Delivery is credited electronically to the buyer's commodity account through the exchange's repository system, with the underlying 999-purity coin held in an exchange-approved, insured vault. Physical withdrawal can be requested later at a designated delivery centre.

Gold Petal is a monthly-expiry futures contract that delivers a physical 999-purity coin. EGR is an NSE-traded instrument representing vaulted 99.9% gold, with no expiry and an option to convert into physical gold. A gold ETF is a fund unit tracking gold, with no expiry and generally no physical delivery. All three can be held in one Ashlar demat account.

For a gift meant to last rather than be consumed, a demat account in her own name funded with one gram of gold — bought fully paid, taken to delivery, and held in an insured vault — costs a fraction of most festival gifting and still exists twenty years later.