Silver prices jumped to new all‑time highs, lifting Hindustan Zinc’s stock by about 4.5% on Monday.
Silver hits record levels
Silver on the MCX rose to ₹2,65,390 per kilogram, crossing the ₹2.65 lakh mark for the first time. The international spot price also rose, reaching $84.58 an ounce, up about 6%.
How the surge helped Hindustan Zinc
Hindustan Zinc opened at ₹624.8 and closed near ₹632.55, a 4.5% gain. The metal makes up about 41% of the company’s earnings before interest and taxes for the first half of FY26, up from 28% a few years ago. The higher silver price is expected to improve the company’s profit.
What analysts expect
- Motilal Oswal forecasts silver could reach ₹3,20,000 per kilogram on the MCX in 2026, with a downside level around ₹1,40,000.
- They also see COMEX silver possibly hitting $30 per ounce and recommend buying on dips.
Why silver is rising
Geopolitical tensions – such as strained China‑Japan trade talks, unrest in Iran, and a US probe into Federal Reserve Chair Jerome Powell – have boosted the safe‑haven appeal of precious metals. At the same time, the US dollar weakened, making dollar‑priced commodities cheaper for buyers using other currencies.
What could change the trend?
The rally may slow if global growth slows, bond markets become unstable, or central banks change policy. Investors should watch these signals.
Remember, this is just an overview, not a prediction. Do your own research or talk to a qualified advisor before making any investment decisions.