Gold Loan Stocks on the Rise Amid Festive Season
As the festive season approaches, gold loan companies are gaining attention due to rising gold prices. Gaurang Shah, Sr. VP of Geojit Investments, believes that 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.
Shah remains positive on gold prices over the longer term, highlighting Muthoot Finance and Manappuram Finance as investment ideas in the gold loan space. He notes that these companies are closely linked to precious metal prices, central bank buying, ETF and mutual fund demand, and India's strong preference for physical gold.
In the gems and jewellery segment, Shah prefers Titan Company, citing its performance and market position.