Muthoot Finance, Manappuram Finance shares decline up to 3.5% as gold prices hit multi-month lows
New Delhi, June 25 -- Gold loan NBFC stocks saw renewed selling in Thursday's trade, 25 June, after gold prices slipped to multi-month lows amid rising expectations of a US Federal Reserve rate hike. Shares of Manappuram Finance fell 3% to Rs.309 apiece, while Muthoot Finance shares declined 3.5% to Rs.3,027.
These stocks, which emerged among the top performers in 2025 on the back of a record-breaking rally in gold prices, are now caught in a bearish phase and struggling to regain momentum amid the reversal in the gold-price rally.
The sharp correction in bullion prices has raised investor concerns that a sustained decline could lead to higher non-performing assets (NPAs) for gold loan financiers and weigh on their lending prospects.
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