Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained up to 7% in two sessions as gold prices crossed Rs 1.6 lakh per 10 grams on the MCX. A weaker dollar and the US Treasurys bond-buyback move supported gold prices, boosting sentiment around gold-backed lending companies.

Shares of gold loan companies Muthoot Finance, Manappuram Finance and IIFL Finance rose as much as 4% as gold prices surged following the US Treasurys decision to increase…

Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained up to 7% in two sessions as gold prices crossed Rs 1.6 lakh per 10 grams on the MCX. A weaker dollar…