Muthoot, Manappuram shares rise as gold tops ₹1.63 lakh

Muthoot Finance and IIFL Finance shares gained 11% in four sessions, while Manappuram Finance rose over 9%, as gold prices climbed to ₹1,63,434 per 10 grams. Gains were supported by a weaker dollar and US Treasury liquidity measures. Investors are now watching US inflation data and Fed signals at Jackson Hole.