Gold soars past Rs 1 lakh, boosting Manappuram and Muthoot Finance; jewellery stocks dip
Gold prices surged to record highs on Friday as escalating tensions between Israel and Iran pushed investors towards safe-haven assets. On the Multi Commodity Exchange, gold futures for the August 5, 2025 contract jumped by Rs 2,011 to touch a day’s high of Rs 1,00,403 per 10 grams. This is the first time Indian gold…
