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MINT - MARKETS · INDIAN ·

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

As reported by mint - markets
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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