Gold loan NBFCs, including Muthoot and Manappuram, have seen significant stock declines related to falling gold prices and heightened US Federal Reserve rate hike expectations.
Muthoot Finance and Manappuram Finance shares declined by up to 3.5% today as gold prices reached multi-month lows. This downturn for gold loan NBFCs is also attributed to heightened expectations of interest rate hikes by the US Federal Reserve. Both companies experienced…
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