Asia Summer School: India Non-Bank Financials (Lenders): Investor Presentation | Asia Pacific

Research evidence excerpt

Asia Summer School: India Non-Bank Financials (Lenders): Investor Presentation | Asia Pacific

FoundationM

Key Metrics to Track – Daily Average INR Gold Prices Are the Single Key High Frequency Metric to

Track Here

Trend in daily average gold prices (Monthly) Trend in daily average gold prices (Quarterly)

1,80,000 12.5% 15%

1,60,000 25% 1,50,803 1,51,258 1,44,664 Daily Avg Prices (INR / 10gm) % QoQ 1,54,459 1,52,865 1,49,673 1,53,712 1,50,388 1,60,000 1,45,086 1,44,664 1,40,000 1,25,739 20% 10% Daily Avg Prices (INR / 10gm) % MoM 1,31,585 1,40,000 1,23,054 1,22,577 6.5% 1,20,000 1,20,000 1,09,407 1,02,334 15% 94,872 19.9% 1,00,053 5% 1,00,000 2.7% 2.6% 97,542 2.6% 83,512 92,910 94,6021.8% 97,103 1,00,000 2.4%86,973 9.3% 84,918 76,379 22.9% 0.5% 71,677 71,574 0.0% 10.3% -0.3% 80,000 10% -0.4% 72,952 76,639 76,327-0.4% 76,172-0.2% 78,645 -1.0% 7.3% 80,000 63,248 6.8% 71,492 0.8%72,081 71,459-0.9% -0.1%71,395 70,373-1.4% 8.0% 60,632 62,232 62,214 59,857 58,785 60,880 -2.1% -2.2% 0 0% 56,735 5.1% 62,034 65,4795.6%9.2% 52,133 3.2% 51,238 50,771 3.7% 9.3% 60,000 2.2% 60,000 13.6% 5% 0.3% 0.4% 7.9% 13.3% 40,000 -0.1% 6.7% 40,000 5.5% -5% -1.8% 8.8% 3.1% -8.2% 0% 4.3% 2.7% 3.1% 20,000 20,000

-0.9%

- -10% - -5%

Jul-24 Jun-24 Jun-25 Sep-24 Oct-24 Dec-23 Jan-24 Feb-24 Dec-24 Mar-24 Jan-25 Feb-25 Mar-25 Apr-25 Nov-23 Nov-24 Aug-24 Q1F23 Q2F23 Q3F23 Q4F23 Q1F24 Q2F24 Q3F24 Q4F24 Q1F25 Q2F25 Q3F25 Q4F25 Q1F26 Q2F26 Q3F26 Q4F26 Q1F27 Apr-24 May-24 May-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 22-Jun-26 22-Jun-26 *The last bar represents the gold price on the date and the corresponding 3M price change. MTD QTD *The last bar represents the gold price on the date and the corresponding 1M price change.