{
  "id": 2083947,
  "title": "Muthoot Finance, Manappuram, other gold financier stocks jump up to 4% as gold prices rise above Rs 1.58 lakh/10 grams",
  "url": "https://urgent.news/2026/08/20/muthoot-finance-manappuram-other-gold-financier-stocks-jump-up-to-4",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T05:09:10.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/muthoot-finance-manappuram-other-gold-financier-stocks-jump-up-to-4-as-gold-prices-rise-above-rs-1-58-lakh/10-grams/articleshow/133364875.cms"
  },
  "original_language": "en",
  "account": "Gold loan companies Muthoot Finance, Manappuram Finance, and IIFL Finance experienced a significant surge on Thursday, with their stocks jumping up to 4%, as the price of gold skyrocketed above Rs 1.58 lakh per 10 grams. The increase in gold prices was triggered by a surprise liquidity support announcement by the US Treasury, which lowered yields and the dollar, making gold-priced metals more affordable for international buyers. On the MCX, gold futures for October delivery rose by Rs 447 to Rs 1,58,443 per 10 grams, while December contracts surpassed Rs 1.6 lakh per 10 grams and February contracts exceeded Rs 1.62 lakh per 10 grams.\n\nIt is worth noting that gold financiers provide loans using gold as collateral, and higher gold prices would increase the value of the pledged collateral. Consequently, borrowers would need to offer less jewelry to receive the same loan amount, making such loans more attractive. Muthoot Finance shares have already gained over 3% in a week, while Manappuram Finance and IIFL Finance have risen by over 3% each. Historically, the companies' shares have delivered impressive returns, with Manappuram Finance up by 136% over three years and IIFL Finance by 15% within the same period.\n\nThe current market sentiment towards gold remains cautious, as geopolitical developments and uncertainty surrounding the US-Iran MOU continue to drive safe-haven demand. Experts suggest that gold may be at the start of a long-term bull run, and investors may find opportunities to gradually accumulate the precious metal amidst the recent price pullback.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}