Muthoot Finance Shares Surge Nearly 4% as Gold, Silver Rally Boosts Precious Metals Stocks

$MUTHOOTFIN e led gains in the precious metals space on Friday, jumping nearly 4% amid a sharp rally in gold and silver prices. Manappuram Finance and Hindustan Zinc also climbed, reflecting renewed investor interest in gold loan financiers and zinc miners. The surge followed weaker-than-expected US jobs data, which heightened expectations of a more dovish Federal Reserve policy path. Lower interest rates typically support gold prices by reducing the opportunity cost of holding non-yielding assets. Market sentiment turned positive as traders bet on easier monetary policy, driving broad-based buying in precious metal-linked stocks. Analysts noted that continued strength in bullion could further support earnings visibility for gold financing companies in the coming quarters.