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Muthoot Finance and Manappuram Shares Rise as Gold Prices Hit Two Week High
Shares of gold financing companies Muthoot Finance and Manappuram Finance gained up to 4 percent on November 5 as gold prices climbed to a two week high. A weaker US dollar and declining Treasury yields supported the recovery in gold prices, which moved above the crucial $4,000 level.
By Finblage Editorial Desk
5:52 pm
5 November 2026
Shares of gold financing companies Muthoot Finance and Manappuram Finance rose up to 4 percent on November 5, following a recovery in gold prices that lifted the precious metal to a two week high.
Gold prices advanced nearly 2 percent, supported by a weaker US dollar and lower US Treasury yields. The recovery pushed gold above the psychologically important $4,000 per ounce level, improving sentiment towards gold related stocks.
According to an analyst, the weaker dollar and declining Treasury yields have helped gold regain momentum. However, sustaining prices above the $4,000 threshold remains crucial for determining the outlook for the ongoing recovery.
The rally in gold prices supported buying interest in gold financing companies, including Muthoot Finance and Manappuram Finance, whose businesses are closely linked to gold-backed lending.
The movement in gold prices remains an important factor for investors tracking the gold financing sector, with sustained strength in the precious metal potentially influencing sentiment towards companies operating in the segment.
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