Bullion drives brokers' commodity gains

Investments in commodities, including gold and silver, which surged to record prices, not only yielded strong returns for traders but also helped brokers increase their share of revenue from the derivatives segment in the October-December quarter.

- Srushti Vaidya

MCX gold futures climbed to a record ₹1,93,096 per 10g on 29 January, while the MCX silver price touched ₹4,20,048 per kg.

For online investing platform Groww, income from commodity derivatives made up 4% of total income in Q3 of FY26. According to its investor presentation, its contribution was negligible in the same quarter last year.

Angel One’s income from commodity derivatives increased to 7% of gross revenue in the third quarter from 4.5% a year earlier, it said in an investor presentation.

Revenue from commodity derivatives made up 6.9% of the total broking revenue for Anand Rathi Share and Stock Brokers in Q3 from 2.9% a year ago, a growth of 129%, the company said.

Mirae Asset Sharekhan posted a 70% (q-o-q) increase in revenue from commodity derivatives.

The increased revenue share from commodity derivatives came on the back of heightened trading activity in commodities, especially gold and silver, as well as restrictions on equity options, which led investors to seek alternative assets for investments.