Gold prices soar, boosting interest in Muthoot Finance

Gold prices have reached record highs, with spot gold in India surpassing ₹91,000 per ten grams and international gold exceeding $3,000 an ounce. This increase has renewed interest in gold-related companies. Muthoot Finance and Manappuram Finance are gaining attention as trading volumes rise. Muthoot Finance has shown significant buying momentum, with a gap-up opening noted by analysts. Experts suggest that Muthoot Finance may continue to trend upwards, with potential targets between ₹2,350 and ₹2,400. Investors are considering new entries into the stock amid the current market conditions.