Manappuram Finance, Muthoot Finance, other gold financier stocks drop up to 3%. Here’s why

June 25, 2026

Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal Reserve rate hikes pressured bullion, raising concerns over collateral values and loan demand for gold-backed lenders such as Manappuram Finance, Muthoot Finance and IIFL Finance.

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