Gold Finance Stocks Fall as Gold Prices Extend Losses

Shares of gold financiers such as Muthoot Finance, IIFL Finance and Manappuram Finance declined up to 6% on Monday after gold prices dropped sharply. MCX gold futures fell 1.53% to ₹1.53 lakh per 10 grams due to weak spot demand and negative global cues, weighing on sentiment across gold-linked stocks. $MUTHOOTFIN