New Delhi, Oct. 10 -- With gold prices breaking record highs, the rally has also lifted the fortunes of investors in gold loan NBFCs, including Muthoot Finance and Manappuram Finance. The record run in the yellow metal this year has increased the appeal of both stocks amid expectations that rising gold prices will boost demand for gold loans, keeping the shares elevated in recent months.

With gold prices crossing a record $4,000 per troy ounce in the international market lately, driven by persistent geopolitical tensions, global economic uncertainty, and growing expectations of further US interest rate cuts, the yellow metal has gained 52% so far this year.

Similarly, Manappuram Finance has surged 52% in the same period, reaching Rs.285...