Silver Surge: Hindustan Zinc Shares Jump 5% as Precious Metal Hits Record High

Hindustan Zinc Shares Soar as Silver Prices Reach New Heights

The shares of Hindustan Zinc, a leading mining company and the largest producer of silver in India, rose by nearly 5% on December 10. This surge came as silver prices hit fresh lifetime highs, fueled by hopes of a rate cut by the US Federal Reserve.

Silver Prices Reach Record Levels

Silver futures with March expiry increased by around 1.5% to reach a new lifetime high of Rs 1,90,799 per kilogram. Meanwhile, spot silver prices crossed $60 for the first time, hovering near $61 an ounce, marking a significant 32% jump in just 24 hours.

Driving Forces Behind the Silver Rally

According to Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, industrial utilization of silver, global supply constraints, and investment demand are the key factors driving the silver price rally. Kamboj noted that silver has outperformed gold, with an increasing number of investors opting for silver.

Hindustan Zinc Shares Boosted by Silver Price Surge

As the largest producer of refined silver in India, with a minimum purity of 99.9%, Hindustan Zinc is well-positioned to benefit from the rising silver prices. The company's shares have gained over 1% in the past five days and nearly 6% in the past month. Although the stock fell over 4% in the past six months, it is up more than 15% in 2025 so far.

Key Stock Metrics

• The stock currently has a P/E ratio of over 20.
• The market capitalization of Hindustan Zinc is more than Rs 2.16 lakh crore.

Stay tuned for more updates on the stock markets and the performance of Hindustan Zinc shares.