Gold Loan Stocks In Focus: Muthoot, Manappuram & Titan Among Top Picks For Festive Season

Gold loan companies are in focus as the festive season approaches and gold prices remain on an upward trajectory. Gaurang Shah, Sr. VP, Geojit Investments, says gold finance companies are closely linked to precious metal prices, central bank buying, ETF and mutual fund demand, and India’s strong preference for physical gold. He remains positive on gold prices over the longer term and highlights Muthoot Finance and Manappuram Finance as investment ideas in the gold loan space. In the gems and jewellery segment, Shah prefers Titan Company. The segment explores the outlook for gold financiers and jewellery stocks.