Gold Prices Jump Nearly 2%, Showing 37% Annual Increase
Gold prices have surged by nearly 2% today, marking a significant 37% increase over the past year. This rise has also led to a jump in shares of gold finance companies like Muthoot and Manappuram Finance.
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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.
Read full article →Gold prices today: Gold jumps nearly 2% as prices rise 37% in one year
Gold prices rise to $4,594.98 as gold gains 1.79% in a day and 37.39% in a year. Here’s what is driving gold prices and what investors should watch next.
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