Gold prices hit ₹1.63 lakh, boosting Muthoot and Manappuram stocks
Shares of Muthoot Finance and IIFL Finance have jumped 11% over the last four trading days, while Manappuram Finance saw an increase of more than 9%. This rally follows a rise in gold prices to ₹1,63,434 for every 10 grams. The surge was driven by a softer dollar and liquidity steps taken by the US Treasury. Market participants are currently focused on upcoming US inflation figures and comments from the Federal Reserve at the Jackson Hole symposium.
by shortkt.com✓