News › Markets · 28 Aug 2026, 10:27 AM IST · 4 days ago

A 10% gold rally could create $400 billion in wealth for Indians. Jefferies names stocks set to benefit

Bias: Neutral 0

In one line — Jefferies sees a 10% gold rally unlocking $20–25 billion in gold-backed loans and boosting household wealth by $400 billion, with Manappuram Finance its top pick.

Bearish

Bullish

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Source: Economic Times · AI-summarised by Anadi · Updated 28 Aug 2026, 10:57 AM IST

What Happened

Jefferies sees a 10% gold rally unlocking $20–25 billion in gold-backed loans and boosting household wealth by $400 billion, with Manappuram Finance its top pick.