Muthoot Finance, Manappuram, IIFL Finance Shares Fall Up to 4% as MCX Gold Prices Today Hit Multi-Week Lows

Shares of gold financing companies came under significant selling pressure on Wednesday, June 10, as a sharp decline in gold prices weighed on investor sentiment. The weakness followed fresh geopolitical developments after reports of renewed attacks involving the United States and Iran, which triggered heightened volatility across commodity and financial markets.

Muthoot Finance, Manappuram and IIFL Finance Shares Slide as Gold Prices Extend Decline

The sell-off was particularly visible in gold loan-focused non-banking finance companies (NBFCs), with investors turning cautious as the value of the underlying collateral-gold-came under pressure following a sharp correction in precious metal prices.

Manappuram Finance Share Price Today

Among the major losers, Manappuram Finance emerged as the worst performer, falling over 3% during intraday trade. The stock was trading at Rs 296.70 around 12:03 PM IST, down Rs 10.55 from the previous close. It opened at Rs 304.95, which also remained its day's high, before slipping to an intraday low of Rs 292.60.

Muthoot Finance Share Price Today

Muthoot Finance also witnessed notable selling pressure, declining more than 3% to Rs 2,897.50. The stock opened at Rs 2,959.90 and touched a high of Rs 2,960 during the session before dropping to a low of Rs 2,870 as investors reacted to the fall in bullion prices.

IIFL Finance Share Price Today

Meanwhile, IIFL Finance traded lower at Rs 499.50, down Rs 8.55 or nearly 2%. The stock opened at Rs 508.45 and touched an intraday high of Rs 508.60 before slipping to a low of Rs 495.85.

MCX Gold Rate Today: 1.5% Decline in Gold Prices in India on 10 June 2026

The weakness in gold financier stocks coincided with a sharp decline in domestic and international gold prices. On the Multi Commodity Exchange (MCX), gold for August 2026 delivery was trading at Rs 1,50,242 per 10 grams at around 12:25 PM IST, down Rs 2,201 or 1.44% from the previous close of Rs 1,52,443. The contract opened at Rs 1,49,926, while spot gold prices were quoted around Rs 75,340.

Gold prices have remained under pressure after extending losses in global markets, where the precious metal slipped to multi-week lows amid a stronger US dollar and rising crude oil prices. Market participants are also closely monitoring geopolitical tensions and inflation risks, which continue to influence expectations regarding global interest rates.

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