Shares of gold loan companies experienced significant gains following the Indian government's decision to raise import duties on gold and silver from 6% to 15%. This policy aims to curb imports and support the Indian rupee, resulting in a rise in domestic gold prices. Notably, shares of Manappuram Finance surged by 6.16%, while Muthoot Finance and IIFL Finance saw increases of 4.96% and 4.31%, respectively. The increase in gold prices is expected to enhance the borrowing capacity of customers, particularly benefiting small businesses and self-employed individuals seeking working capital loans. Gold loan companies primarily lend against existing household jewellery, which limits the impact of fluctuating fresh jewellery demand on their operations.