Business

Muthoot Finance, Manappuram, other gold financier stocks jump up to 4% as gold prices rise above Rs 1.58 lakh/10 grams

The Economic Times · 20 August 2026 at 10:39 am

Shares of gold loan companies Muthoot Finance, Manappuram Finance and IIFL Finance rose as much as 4% as gold prices surged following the US Treasury’s decision to increase longer-dated bond buybacks.

Rising gold prices can boost the value of collateral pledged against gold loans.

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Muthoot Finance, Manappuram, other gold financier stocks jump up to 4% as gold prices rise above Rs 1.58 lakh/10 grams

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