ANI
23 Nov 2021, 15:48 GMT+10
Bengaluru (Karnataka) [India], November 23 (ANI/NewsVoir): Alice Blue has seen a significant increase in Gold Trade among its investors in the last three months.
Over 15% of its overall customer base have been actively investing and trading in Gold Futures and Gold ETF's (Exchange Traded Funds). This has been primarily been influenced by the steady increase in Gold prices in the Country and its high liquidity.
In the markets, gold trading is typically done through futures, options, and exchange-traded funds (ETFs). Gold is a highly traded contract on the MCX (Multi Commodity Exchange) as it has very high liquidity, with daily trading averaging over 15,000 contracts for over 4500 Crore in Rupees in the Big Gold Category alone. Apart from that, gold is also traded in different forms such as Gold Mini, Gold Guinea, and Gold Petal.
Sidhavelayutham M., Founder and CEO, Alice Blue, said, "We have been facilitating investment and trading among fresh investors with our easy to use trading platforms online and through the ANT App. With the advantage of having the lowest brokerage fees in the industry, the company serves a comprehensive mix of veteran investors and new first time investors. In fact over 60% of customers are Millennials, underscoring the steady growth of tech led investment options Alice Blue offers its customers.""Growth in fresh investors is also due to the tech based learning systems that Alice Blue offers such as Trade School and ANT IQ. This platforms offer educational courses and webinars on tradinginvestment by India's top stock market investors and educators. For beginners, ANT IQ educates customers through insightful articles and blogs on how to get started in the Stock Market. These learning tools along with new product offerings have been strong motivators for new customer acquisitions."Alice Blue also offers a sophisticated marketplace for trading products called Trade Store, which is the first-of-its-kind and helps the customers with, Automating the Trades with Zero Coding Knowledge, trading and Investment tips, Investment in Mutual Funds at Zero Brokerage Fees. Additionally for ease of investing the company, offers customers chance of investing in IPOs through easy UPI transactions.
Alice Blue is one of India's leading online brokerage firms offering investment services at the lowest brokerage fee. Based in Bangalore, the company has its presence across 20 cities in India. Founded in 2006, Alice Blue today serves more than 1 lakh active traders and more than 10000 partners every day. The company is a member of MCX, NCDEX, NMCENSEL and is 6th largest by trade volume and recipient of multiple MCX awards over the last few years as 'the best stock broking company'.
Alice Blue offers a suite of technology Apps and tutorials to make online trading simple and smart.
For more details please visitThis story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationCULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
ABU DHABI, 8th July, 2025 (WAM) -- Andrey Slepnev, Minister in charge of Trade at the Eurasian Economic Commission, affirmed that the...
Issues facing the Global South will get priority under Indias chairmanship of the grouping India intends to define BRICS in a new...