Gold Rally, Retail Algo Trading Rise, and Regulatory Controls Shape India's Commodity Markets

India's commodity markets are undergoing significant changes, with a sharp rally in gold and silver boosting trading volumes and reshaping broker market shares, as noted by Zerodha CEO Nithin Kamath. Retail algorithmic trading is becoming mainstream, supported by SEBI's 2025 framework that enhances transparency and risk controls. However, concerns persist over government control through laws like the Essential Commodities Act, which some argue hinder market liquidity and modernization by maintaining discretionary powers over commodity trading.