Muthoot Finance, Manappuram Finance Shares Rise Up To 2.6% As Gold Prices Rebound; US Dollar And Fed Rate Outlook Remain Key

Gold prices moved higher on Monday, bringing gold financing stocks into focus during the trading session. The recovery in bullion prices came as investors tracked softer crude oil prices, a weaker US dollar and expectations of a Federal Reserve rate hike in December.

Muthoot Finance share price today led the gains, while Manappuram Finance shares advanced, as investors tracked the latest movement in bullion prices and cues from global markets.

Muthoot Finance share price rose 2.59% to ₹2,928.90, while Manappuram Finance share price gained 0.093% to ₹323.30, as of 12:17 pm IST on 9 November 2026. Meanwhile, December gold futures on MCX climbed 0.90%, or ₹1,288, to ₹1,43,840 per 10 grams as of 12:18 pm IST. IIFL Finance shares also traded nearly 0.4% higher.

Why Are Gold Prices Rebounding?

Gold prices have drawn support from softer crude oil prices, which have eased concerns over inflation and possible supply disruptions. Oil declined after US President Donald Trump said he was highly unlikely to order further attacks on Iran as negotiations to end the conflict continued.

A weaker US dollar has also supported bullion. Since gold is priced in dollars, a fall in the US currency makes the metal more affordable for overseas buyers. Investors are now awaiting fresh US inflation data and signals from the Federal Reserve on interest rates.

However, expectations of a December rate hike remain in focus. US job growth accelerated in October, while the unemployment rate fell to 4.1%, pointing to a resilient labour market. This has kept expectations of another rate increase alive.

International prices were slightly lower on Monday. COMEX gold declined around 0.09% to $4,071.40 per ounce, while silver fell 0.24% to $51.815 per ounce.

What Are The Latest Gold And Silver Prices In India?

The latest domestic rates provided for 9 November put 24-carat gold at ₹1,43,040 per 10 grams and 22-carat gold at ₹1,31,120 per 10 grams. Silver was priced at ₹1,85,690 per kg, while 925 sterling silver stood at ₹1,71,763 per kg.

City-wise 24-carat gold prices were:

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