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Gold Loan Demand Lifts Muthoot Finance as Shares Rally
Muthoot Finance shares climbed over 9 percent after strong gold loan demand boosted revenue and asset growth, reinforcing positive sentiment toward gold-backed lending activity.
Muthoot Finance recorded strong momentum in its latest quarterly update, driven primarily by firm demand for gold-backed credit products. Revenue and asset growth improved as households leveraged rising gold valuations to access short-term liquidity. The company’s performance triggered a sharp reaction in the market, with shares climbing more than 9 percent as investors reassessed the sector’s near-term growth potential.
Broader sentiment around gold financing remained constructive despite fluctuations in metal prices across global exchanges.