Shares of Hindustan Zinc traded marginally higher in Tuesday’s session as precious metal prices extended their record-breaking rally in global markets. The stock moved up in line with strong momentum in gold and silver, both of which touched fresh all-time highs amid heightened global uncertainty.
Gold and silver prices surged as investors increased exposure to safe-haven assets, driven by concerns around inflation, interest rate outlooks, and broader geopolitical risks. In early trade, spot gold rose to around $4,467 per ounce, after hitting a fresh record high earlier in the session, while US gold futures climbed above $4,500 per ounce. Silver also remained firm near record territory, trading close to the $69 per ounce mark after touching an all-time high on Monday.
The rally in precious metals has been exceptionally strong in 2025. Gold is up nearly 70% year-to-date, marking one of its best annual performances in decades, while silver has outperformed significantly, rising around 140% so far this year. This sharp upswing has lifted sentiment around metal producers and miners.
Hindustan Zinc, being a key player in India’s non-ferrous metals space, tends to benefit from positive sentiment across the broader metals complex. Although the company’s core exposure is to zinc and lead, sustained strength in gold and silver prices often improves overall sector sentiment and investor appetite for mining stocks.
Market participants also noted that precious metals are increasingly being used as a hedge against macroeconomic uncertainty, supporting valuations of companies linked to commodity production. As gold and silver continue to trade near historic highs, stocks like Hindustan Zinc are seeing incremental buying interest.
Overall, the uptick in Hindustan Zinc shares appears to be sentiment-driven, supported by the continued record run in gold and silver prices rather than any stock-specific development.
