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Gold loan stocks weaken amid falling bullion prices
Gold loan stocks declined as falling bullion prices raised concerns over collateral values and loan ratios.
Shares of gold loan companies declined after gold prices fell sharply in recent sessions. Lower bullion prices reduced collateral value, raising concerns around loan-to-value ratios. Stocks of Muthoot Finance and Manappuram Finance dropped significantly. The move followed broader weakness in precious metals triggered by global cues and post-budget volatility.