Silver Surge: Hindustan Zinc Stock Rises 4% as Metal Prices Hit New Highs

Hindustan Zinc Shares Extend Gains for Third Consecutive Session

The shares of Hindustan Zinc, India's largest producer of silver, rose more than 4% on Thursday, reaching a six-month high of Rs 532 apiece. This marks the third consecutive session of gains for the stock, which has now risen nearly 9% in three days.

Silver Prices Soar to Fresh Lifetime Highs

Silver prices have hit new all-time highs, with silver futures with March expiry rising around 2.5% to reach a fresh lifetime high of Rs 1,93,452 per kilogram. The future contracts with May expiry also hit a record high of Rs 1,95,899 per kg.

In the spot market, silver was trading around $62 for an ounce, after crossing the $60 milestone mark for the first time earlier. The sharp rise in silver prices comes after the US Federal Reserve announced its decision to cut interest rates by 25 basis points.

Impact on Indian Markets and Precious Metals

According to Ravi Singh, Chief Research Officer from Master Capital Services, the Fed's decision creates a friendlier environment for Indian markets and precious metals in the short term. He said, These metals usually shine when rates fall because the dollar weakens and real returns on cash drop.

Key Facts:

• Hindustan Zinc is the largest producer of silver in India, producing refined silver with a minimum 99.9% purity.
• The sharp rise in silver prices is expected to boost the stock further.
• Hindustan Zinc shares have gained around 6% in the past five days, and over 7% in the past one month.
• The stock is up more than 18% in 2025 so far, with a P/E ratio of over 21 and a market capitalisation of more than Rs 2.20 lakh crore.

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