Indian Gold Financier Stocks Jump as Gold Prices Rise

Shares of gold loan companies like Muthoot Finance and Manappuram Finance surged up to 4% following a rise in gold prices, which climbed above Rs 1.58 lakh per 10 grams.

20 Aug, 05:09 — 20 Aug, 05:09

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economic-times1d ago

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

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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First report: economic-times · 20 Aug, 05:09|Full coverage: 2 · 11h|Window: 11h

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economic-times20 Aug, 05:09First to report

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

11h later

Yahoo20 Aug, 16:32Latest update

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Indian Gold Financier Stocks Jump as Gold Prices Rise

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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

Coverage Timeline

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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