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The Economic Times

Muthoot Finance, Manappuram and IIFL Finance rise as much as 4% as gold tops Rs 1.58 lakh per 10 grams

AI Market Summary
A surprise US Treasury liquidity-support expansion pushed yields and the dollar lower, lifting spot gold to a fresh multi-month high and driving a sharp rally in India's gold-loan financiers. Higher gold prices improve collateral values and can support gold-loan demand mechanics, boosting sentiment in the segment. Near term, focus shifts to macro catalysts (FOMC minutes, US jobs data) and geopolitics that may sustain safe-haven flows and volatility.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+3.32%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Spot gold jumped to $4,526 per ounce after a surprise liquidity support announcement by the US Treasury pushed yields and the dollar lower. Shares of Indian gold-loan lenders moved higher, with Muthoot Finance up more than 4% to Rs 2,985 and Manappuram Finance and IIFL Finance each up more than 3%. Gold’s rally also lifted collateral values for these lenders and improved sentiment even as Muthoot Finance remains down more than 22% in 2026 so far.
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