Hindustan Zinc’s stock surged more than 6% over three days, hitting a fresh 52‑week high as silver prices reached record levels.
Why Hindustan Zinc Is Rising
The share price rose 3.62% in the latest session, reaching Rs 631.90 on the NSE – the highest since August 2024. The jump reflects a broader rally in metal‑related stocks.
Record Silver Prices Fuel the Rally
Silver hit an all‑time high of $72.70 per ounce and was trading just below that level. Gold also broke $4,500 per ounce, while platinum rose to $2,377.50. The sharp rise in these precious metals has lifted investors’ confidence in related companies like Hindustan Zinc.
Interest‑Rate Outlook Helps Metals
Comments from U.S. officials suggest that the Federal Reserve may cut rates twice next year. Lower rates make non‑yielding assets such as gold and silver more attractive, supporting their prices and, in turn, the stocks of firms that mine or process these metals.
What This Means for Investors
- Potential upside: Continued strength in silver could keep Hindustan Zinc’s stock on an upward path.
- Risk factors: Any sudden change in U.S. monetary policy or a sharp move in metal prices could reverse the rally.
- Action tip: Monitor silver’s price trend and Fed rate expectations before making a decision.
Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before investing.