 "Despite pressures mounting on the yellow metal, analysts believe Muthoot and Manappuram Finance are in a good space and will not see any impact on their balance sheets.")
For the past one month, equity and commodity markets have been butchered at the bourses due to uncertainties posed by the outbreak of coronavirus (Covid-19). As investors scramble for cash, safe haven like gold, too, has slipped from record high of Rs 44,961 per 10 grams to Rs 42,150/10 grams on March 20.
Since February 20 till Thursday, spot gold price has tumbled 9.1 per cent, while that of one-month gold future has declined 8.7 per cent, Bloomberg Metal index show. The decline, analysts say, is similar to the mad rush seen during the global financial crisis of 2008 when
