Shares of Hindustan Zinc Ltd traded higher on Wednesday, rising 1.91% to Rs 499.85 on the NSE, tracking a sharp surge in global silver prices. The stock opened at Rs 490.50 and touched an intraday high near Rs 500, reflecting strong investor sentiment following silver’s rally to an all-time high.
In global markets, silver jumped 3.2% to $49.39 per ounce, briefly touching a record $49.57, as investors poured money into safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
The surge in silver follows a historic move in gold, which crossed the $4,000 per ounce mark for the first time, continuing its record-breaking rally this year. Gold is up 54% year-to-date, while silver has surged 71%, making them among the best-performing assets of 2025.
“Gold’s strength reflects an extremely positive macroeconomic and geopolitical background for safe-haven assets, plus concerns over other traditional safe havens,” said Matthew Piggott, Director of Gold and Silver at Metals Focus.
Hindustan Zinc, one of India’s leading silver producers, has directly benefited from this bullish momentum in the global metals market. The company’s market capitalization stood at Rs 2.09 lakh crore, with a P/E ratio of 20.47 and dividend yield of 4.89% at the time of writing.
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