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The Economic Times
The Economic Times
Debaroti Adhikary

Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams

Gold Manappuram Finance Muthoot Finance United States US Federal Reserve Manoj Kumar Jain Inflation IIFL Finance

The shares of gold financiers like Muthoot Finance, Manappuram Finance and IIFL Finance jumped up to 5% on Friday as gold prices jumped back above Rs 1.48 lakh per 10 grams.

Gold futures with August expiry on the Multi Commodity Exchange of India (MCX) gained around Rs 2,288 per 10 grams, or nearly 2%, hitting the day’s high at Rs 1,48,046 per 10 grams. The contracts with October expiry comfortably soared above Rs 1.5 lakh per 10 grams.

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