Manappuram, Muthoot Finance shares rally up to 7% to fresh peaks. What's pushing the gold lenders higher?

Shares of Manappuram Finance and Muthoot Finance hit record highs on the BSE as domestic and global gold prices touched fresh peaks. Rising bullion prices, strong gold loan demand, and favourable brokerage outlooks have driven sharp gains in gold-backed lenders, significantly outperforming the broader market in 2025.