Muthoot, Manappuram Finance shares jump up to 7% in 2 days as gold crosses Rs 1.6 lakh/10 gm
Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained up to 7% in two sessions as gold prices crossed Rs 1.6 lakh per 10 grams on the MCX. A weaker dollar and the US Treasury’s bond-buyback move supported gold prices, boosting sentiment around gold-backed lending companies.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
