Groww launches commodities trading services on platform
image for illustrative purpose
New Delhi: Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings. Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the MCX from 9 am to 11:30 pm, according to information available on the stock broking platform's website.
Traders in India have been increasingly showing interest in investing in commodities to diversify their portfolios and hedge against market volatility. In the past few months, IPO-bound Groww has launched multiple offerings in the capital markets space as part of its strategic diversification push.
The company launched corporate bonds, Margin Trading Facility, 915 (a pro-traders-focused platform), and W, a wealth management offering (after acquiring Fisdom). At present, Groww has over 18 million active customers.
