Groww launches commodities trading services; users can now trade in crude oil, gold, and silver

India's top stock broker Groww on Thursday launched commodities trading on its platform, marking its entry into a new segment of the capital markets ecosystem.

The feature allows Groww customers with active trading accounts to trade in crude oil, gold, silver, and natural gas through the Multi Commodity Exchange (MCX) between 9 a.m. and 11:30 p.m., according to details available on the company’s website.

The move is part of Groww’s broader strategy to diversify its financial offerings and strengthen its presence across wealth and capital markets. 

In recent months, the company, which is preparing for an IPO, has introduced several new services, including corporate bonds, a margin trading facility, Groww 915 (a platform for professional traders), and Groww W, a wealth management solution following its acquisition of Fisdom.

At present, Groww, which was founded by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, has more than 18 million active customers. Last month, Billionbrains Garage Ventures, the parent company of Groww, filed updated draft papers with SEBI for an initial public offering (IPO).

According to the updated draft red herring prospectus (DRHP), the proposed IPO includes a fresh issue of equity shares worth Rs 1,060 crore and an offer for sale (OFS) of 574,190,754 equity shares by promoters and investor shareholders.