Muthoot Finance rallies over 19% as gold hits fresh all-time high

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Shares of Muthoot Finance Ltd gained as much as 19.2 per cent in the morning trade on Bombay Stock Exchange (BSE) amidst soaring prices of the yellow metal which breached the Rs 35-k per 10 gm mark on Thursday morning on heavy buying.

At 11:10 hours, shares of the company were trading at Rs 117.15 a piece, up 14.91 per cent from previous close on BSE.

Gold prices globally have soared significantly in the last five trading sessions due to safe haven buying amidst ongoing tensions between US and Syria.

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