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Here's why Manappuram, Muthoot Finance shares fell up to 5% on MondayGold has come under huge pressure, falling about 5% in the latest trading session amid war-related concerns. The metal has corrected nearly 11% over the past week, marking its steepest weekly drop since 1983.By Meghna Sen  March 23, 2026, 9:54:58 AM IST (Published)1 Min ReadShares of Manappuram Finance Ltd., Muthoot Finance Ltd. and CSB Bank Ltd. are trading lower by up to 5% on Monday, March 23, tracking the sharp decline in gold prices.

Gold has come under huge pressure, falling about 5% in the latest trading session amid war-related concerns. The metal has corrected nearly 11% over the past week, marking its steepest weekly drop since 1983, and has declined close to 15% over the last month.

It has also slipped below the $4,400 per ounce mark in the spot market and is down around 13% from its recent peak.

Q3FY26

Muthoot

Manappuram

CSB

% Gold

85%

74%

51%

Tonnage growth QoQ

-1.9%

3.2%

Flat

LTV

57%

57-60%

63%

Reflecting the weakness in gold, Muthoot Finance shares are down nearly 5% over the past month, while Manappuram Finance has declined close to 15% during the same period.

CSB Bank shares have also fallen about 4.7% over the last month.Continue ReadingTagsCSB bankGold PricesManappuram FinanceMuthoot Finance