New Delhi, January 13: Gold prices could climb toward USD 5,000 per ounce amid ongoing global uncertainty, said Sadaf Sayeed, CEO of Muthoot Microfin. He noted that gold continues to act as a natural hedge during market volatility, with international banks also projecting similar price levels due to sustained demand.
Sayeed added that silver prices are similarly influenced by demand and scarcity, with export restrictions by some countries contributing to rising costs. While silver has already seen notable gains, future price movement will depend on supply conditions.
Speaking on the microfinance sector, Sayeed said Muthoot Microfin is witnessing strong recovery after a tough year, expecting around 15% growth in the current fiscal. The company’s disbursements are likely to reach ₹10,000 crore, increasing 10–15% every quarter.
For the upcoming Union Budget, the CEO stressed the need for improved liquidity in the microfinance industry. She said the sector is hopeful for a credit guarantee scheme to help banks lend more freely to NBFC-MFIs, ensuring better fund flow to low-income borrowers. She also suggested setting up a dedicated refinancing window for microfinance, similar to the facility available to housing finance companies.( ANI)
