Gold Price Decline Drags Gold-Linked Stocks

Gold-linked stocks and gold loan NBFCs fell as international gold prices extended losses below the key $4,000-an-ounce level. Hindustan Zinc dropped 3.5%, while Manappuram Finance and IIFL Finance also declined, as weaker bullion prices weighed on investor sentiment and reduced the value of gold-backed collateral. $HINDZINC