Gold loan stocks slide as gold prices extend decline; Muthoot, Manappuram fall up to 5.5%

CJPN24 AI Desk2 min read
Gold loan stocks slide as gold prices extend decline; Muthoot, Manappuram fall up to 5.5%
Gold loan stocks slide as gold prices extend decline; Muthoot, Manappuram fall up to 5.5%
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📋 News Brief — Summary from Livemint. Read the full story below.

Gold loan NBFC stocks faced pressure on June 10, with Manappuram Finance down 5.6% and Muthoot Finance down 4% amid falling gold prices.

Concerns over non-performing assets and reduced loan demand grow as geopolitical tensions and rising interest rates diminish gold's safe-haven status.

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CJPN24 AI Desk

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AI-assisted news desk. All content is editorially reviewed before publication.

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