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Will Muthoot valuation cap rally?

Mint Mumbai

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December 04, 2025

A steep 70% rally in domestic gold prices over the past year has acted like a Midastouch for gold financiers.

- Ananya Roy

Shares of key listed gold-loan companies Muthoot Finance Ltd and Manappuram Finance Ltd have surged nearly 94% and 68%, respectively, in the last 12 months.

The soaring value of gold collateral has made gold loans more attractive than other loans, even as regulatory curbs on unsecured personal lending have prompted borrowers to turn to gold-backed credit.

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