Gold financiers jump up to 11% as India hikes gold import duty and prices spike

Published on 13 May 2026

Duty jump to 15% sparks a sudden gold-loan boost

Manappuram Finance, Muthoot Finance and IIFL Finance surged as the government raised gold import duty to 15%, pushing up domestic gold prices. The rally is tied to improved collateral value for gold-backed loans, which can strengthen borrower margins and potentially increase lending demand for these financiers.

Manappuram Finance, Muthoot Finance and IIFL Finance jumped after the duty hike
Gold import duty was increased to 15%, lifting domestic gold prices
Higher gold prices raise collateral values for gold loans
Analysts expect a potential boost to lending demand for gold-backed finance

#stock market #nbfc #import duty #gold #gold loans

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Gold financiers jump up to 11% as India hikes gold import duty and prices spike

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