Hindustan Zinc Share Price Rise 2% as Silver Prices and Silver ETFs Surge

Hindustan Zinc share price (NSE: HINDZINC) rose more than 2% on January 6 as silver prices jumped sharply due to global geopolitical uncertainty. The rise in silver prices also pushed silver exchange-traded funds (ETFs) higher.

During early trade, Hindustan Zinc shares climbed to around ₹643.65 on the exchanges.

India’s Largest Silver Producer

Hindustan Zinc is the largest producer of silver in India and manufactures refined silver with purity of at least 99.9%. The recent surge in silver prices is expected to support the company’s stock performance.

Silver Prices Hit Near-Record Levels

International silver prices moved above $79 per ounce and are now close to record highs. On India’s commodity exchange, silver futures for March delivery rose nearly 2% to about ₹2.50 lakh per kg, while May contracts also gained around 2%.

Later-month contracts for July and September jumped over 2%, hitting fresh lifetime highs.

Silver ETFs Jump Up to 3%

Silver ETFs reflected the sharp rise in silver prices. Funds such as Mirae Asset, Aditya Birla Sun Life, and DSP Silver ETFs rose close to 3%, while several other silver ETFs gained more than 2%.

Read More: Silver ETFs 2025 Recap: Multiple Funds Deliver Over 100% Returns; UTI Silver ETF, SBI Silver ETF FoF and More!

Conclusion

While rising silver prices have boosted Hindustan Zinc shares and silver ETFs, investors should remain cautious in the short term due to high volatility, even as the medium-term outlook for silver remains positive.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

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