How to buy and sell commodities on Upstox, Angel One, and Zerodha

This article discusses the steps for placing buy and sell commodity orders on Upstox, Angel One, and Zerodha.

How to place buy and sell commodity orders on Upstox, Angel One, and Zerodha

Commodities had a big fall in the first half of 2020 and an even bigger rise in the second half of that year. In 2021, commodities continued to show a good run. As an asset class, commodities gave investors one of the best returns during 2020-21. In this article, we will understand how to do commodity trading on Upstox, Angel One, and Zerodha.

Chart: Performance of Bloomberg Commodity Spot Index

Performance of Bloomberg Commodity Spot Index

The above chart shows how commodities outperformed in 2020-21. If you had invested in commodities, you would have made excellent returns as an investor.

Related: Crude Oil, Gold Or Copper: Which Are The Best Commodities To Trade In India?

How to buy and sell commodities on Upstox

Upstox provides trading in various commodities such as precious metals (gold, silver, etc.), industrial metals (copper, zinc, etc.), and agricultural commodities (cotton, rubber, crude palm oil, etc.).

All you need to do is open the Upstox App and select the commodity you want to trade in.

Commodity trading on Upstox App

Commodity trading on Upstox App

Placing a commodity buy order on Upstox

Once you select the commodity for trading, you have to select the buy option for buying it. Fill in the order details and confirm the buy order.

Placing a commodity buy order on Upstox

Placing a commodity sell order on Upstox

If you have already placed a buy order, and the price has moved up and reached your target, you may book profit by placing a sell order.

​Placing a commodity sell order on Upstox

Related: Top 5 Mobile Trading Apps Available In India

How to buy and sell commodities on Angel One

Next, let us see how to trade commodities on the Angel One app. Begin by opening the Angel One app and selecting the commodity you want to trade.

How to buy and sell commodities on Angel One

 

Placing a commodity buy order on Angel One

Let us take the example of gold and see how to place a buy order.

Placing a commodity buy order on Angel One

As seen in the above screen, enter the lot(s) of gold you want to buy and the price at which you wish to buy. Press the confirm button and place the order.

Placing a commodity sell order on Angel One

Once the price of gold has moved up and reached your target price, you can place a sell order and book profit.

Placing a commodity sell order on Angel One

As seen in the above screen, enter the lot(s) you want to sell and the price at which you want to sell. Press the confirm sell button and place the order.

Also Read: Investment In Commodity Funds: Know The Benefits, Risks And Top Performing Funds

How to buy and sell commodities on Zerodha

Now let us understand how to trade commodities on the Zerodha App. To proceed with the trade, select the commodity you want to purchase.

How to buy and sell commodities on Zerodha

Placing a commodity buy order on Zerodha

Let us take an example of crude oil to understand how to place a buy order.

Placing a commodity buy order on Zerodha

Placing a commodity sell order on Zerodha

Once the commodity moves higher and reaches your target price, you may sell it and book profits.

Placing a commodity sell order on Zerodha

Last words

Commodities have done well in 2021 and given good returns to investors. However, please bear in mind that commodity prices are very volatile, and if the price moves in the opposite direction of your trade, you may end up with losses. Hence, you should employ a stop-loss to protect your profits and avoid deep losses.

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