External factors are very volatile and the global banking sector is also under public scrutiny due to mounting treasury losses. The US FED has also kept the ‘dot-plot’ for 2023 unchanged in its last meeting with a terminal rate of 5.1% depicting we are nearing the peak.
Muthoot Finance, Manappuram, other gold financier stocks jump up to 4% as gold prices rise above Rs 1.58 lakh/10 grams
Shares of gold loan companies Muthoot Finance, Manappuram Finance and IIFL Finance rose as much as 4% as gold prices surged following the US Treasury’s