Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams

IN · 2026-07-03

1. Step 1 · The triggerUS jobs data miss fuels Fed rate-cut expectations, weakening the dollar and boosting gold prices globally.
2. Step 2 · Knock-onIndian gold prices rise to ₹1.48 lakh/10g, increasing the collateral value held by gold loan NBFCs.
3. Step 3 · Reaches youMuthoot and Manappuram shares rally up to 5% as higher collateral reduces credit risk and enables loan growth.

The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.

Source: IN:Economic Times

This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.