Gold Financier Stocks Surge to 52-Week Highs

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Market Movers

Manappuram Finance shares jumped 6% to Rs 313.8, IIFL Finance rose 4% to Rs 597.70, and Muthoot Finance gained over 2% hitting Rs 3,890

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Record-Breaking Gold Prices

Gold futures on MCX hit all-time highs today, Rs 1,38,676 for Feb, Rs 1,42,125 for Apr, and Rs 1,45,579 for Jun per 10 grams

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Reasons Behind the Rally

Geopolitical tensions in Venezuela and expectations of US Federal Reserve rate cuts drove gold’s safe haven demand higher

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Impact on Gold Financiers

Rising gold prices boost the value of collateral for loans, reducing default risk and supporting strong growth in gold financier stocks

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Gold Financier Stocks Surge to 52-Week Highs

Market MoversManappuram Finance shares jumped 6% to Rs 313.8, IIFL Finance rose 4% to Rs 597.70, and Muthoot Finance gained over 2% hitting Rs 3,890

Record-Breaking Gold PricesGold futures on MCX hit all-time highs today, Rs 1,38,676 for Feb, Rs 1,42,125 for Apr, and Rs 1,45,579 for Jun per 10 grams

Reasons Behind the RallyGeopolitical tensions in Venezuela and expectations of US Federal Reserve rate cuts drove gold’s safe haven demand higher

Impact on Gold FinanciersRising gold prices boost the value of collateral for loans, reducing default risk and supporting strong growth in gold financier stocks

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Market Movers

Manappuram Finance shares jumped 6% to Rs 313.8, IIFL Finance rose 4% to Rs 597.70, and Muthoot Finance gained over 2% hitting Rs 3,890

Record-Breaking Gold Prices

Gold futures on MCX hit all-time highs today, Rs 1,38,676 for Feb, Rs 1,42,125 for Apr, and Rs 1,45,579 for Jun per 10 grams

Reasons Behind the Rally

Geopolitical tensions in Venezuela and expectations of US Federal Reserve rate cuts drove gold’s safe haven demand higher

Impact on Gold Financiers

Rising gold prices boost the value of collateral for loans, reducing default risk and supporting strong growth in gold financier stocks