Gold, silver frenzy is transforming commodity trading and costing Zerodha market share, says Nithin Kamath

January 19, 2026

Commodity trading has moved into the spotlight as a sharp rally in gold and silver boosts volumes on the MCX, according to Zerodha CEO Nithin Kamath. He said precious metals now dominate activity, impacting broker market shares. Kamath noted Zerodha initially lost ground due to infrastructure gaps but is regaining share while expanding investor education on commodities.

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