Gold has come under huge pressure, falling about 5% in the latest trading session amid war-related concerns. The metal has corrected nearly 11% over the past week, marking its steepest weekly drop since 1983.
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Shares of Manappuram Finance Ltd., Muthoot Finance Ltd. and CSB Bank Ltd. are trading lower by up to 5% on Monday, March 23, tracking the sharp decline in gold prices.
Gold has come under huge pressure, falling about 5% in the latest trading session amid war-related concerns. The metal has corrected nearly 11% over the past week, marking its steepest weekly drop since 1983, and has declined close to 15% over the last month.
It has also slipped below the $4,400 per ounce mark in the spot market and is down around 13% from its recent peak.
|
Q3FY26 |
Muthoot |
Manappuram |
CSB |
|
% Gold |
85% |
74% |
51% |
|
Tonnage growth QoQ |
-1.9% |
3.2% |
Flat |
|
LTV |
57% |
57-60% |
63% |
Reflecting the weakness in gold, Muthoot Finance shares are down nearly 5% over the past month, while Manappuram Finance has declined close to 15% during the same period.
CSB Bank shares have also fallen about 4.7% over the last month.
