what is commodity account in zerodha

A commodity account in Zerodha is an account that allows investors to invest and trade in commodities like gold, silver, metals, oil, and other agricultural products through Zerodha Kite. To open a commodity account, resident individual account holders can do so online if their mobile number is linked to their Aadhaar. They can log in to console.zerodha.com, click on Activate segment, click on Commodity account, select the income range, trading experience, and commodity trading classification, upload an income proof, accept the terms and conditions, proceed to e-sign, and enter the Aadhaar number and OTP. It is important to note that Zerodha offers commodity account opening only to existing Zerodha Equity account holders or if you opt to open Equity trading and Demat account along with a Commodity trading account. You cannot open only a commodity account with Zerodha. Once the commodity trading account gets opened, you can buy or sell required commodity futures and options contracts in Zerodha through Zerodha Kite, provided sufficient margins are in place. It is also important to note that Zerodha does not offer physical delivery of commodities.