New Delhi, Oct. 17 -- Gold loan NBFC Muthoot Finance continued its upward trajectory, hitting a record high of Rs.3,374 apiece in Friday's intraday session, October 17, gaining 3.25% in tandem with the rally in gold prices. Today's rally also marked the fourth consecutive day of gains for the stock, resulting in a cumulative rise of 5%.

The surge in gold prices has boosted investor sentiment for the company, as higher collateral values and rising loan demand strengthen its business outlook. The stock has been on a sustained bull run since May 2025, surging 58% so far this year. If yearly returns cross 60%, it would mark the company's biggest annual gain since 2017.

Demand for gold loans has remained robust in recent quarters, with analy...