🪙 Gold Price Crash Hits Gold Loan Stocks; Muthoot & Manappuram Slide

A sharp 12% fall in spot gold prices triggered selling pressure in gold-loan financiers, denting market sentiment. Shares of Muthoot Finance declined nearly 6%, while Manappuram Finance slipped around 2%. The steep correction in bullion prices reduced collateral value, raising concerns over asset coverage and near-term profitability. Market participants caution that gold-linked stocks may remain volatile, driven by global cues and domestic demand trends. #GoldPrices #GoldLoanStocks #MuthootFinance #Manappuram #StockYardResearch