Hindustan Zinc Share Price Climbs as Silver Prices Surge: What’s Fueling the Momentum?

When a commodity moves sharply, the companies tied to it often catch the market’s immediate attention.

That’s exactly what happened with Hindustan Zinc. As silver prices jumped, the Hindustan Zinc share price extended its winning streak, turning into one of the notable movers in the metal space.

Market Performance: Hindustan Zinc Extends Gains

The market opened with solid sentiment in the metal pack, and Hindustan Zinc NSE and Hindustan Zinc BSE continued to move higher.

• Share price traded around ₹489.20
• Stock rose more than 3% on November 28
• Logged 4 consecutive sessions of gains
• Delivered ~8% returns during this 4-day period

This steady climb placed the stock among the stronger performers in the broader metal segment.

Why Silver Prices Matter Here

Hindustan Zinc is not just a zinc producer; it is also India’s largest silver maker, delivering refined silver with 99.9% purity.

So when silver prices jump sharply, the company naturally becomes a focal point for investors tracking commodity-linked moves.

Silver Prices Today

• Silver MCX December futures surged nearly 2%, hitting ₹1.65 lakh per kg.
• March and May futures gained over 1.5%
• In the domestic market, silver became costlier by ₹3,000 per kg, now around ₹1.76 lakh.
• This sharp rise comes after multiple days of decline, making the sudden rebound more noticeable.

The combination of higher spot prices and futures gains turned silver into one of the most-watched commodities of the day.

What’s Driving This Rally in Silver?

A mix of global and domestic factors pushed silver higher.

While broader macro trends played a role, the larger story revolves around:

• Strong industrial demand
• Supply tightness
• Supportive global cues linked to expectations around interest rates
• Renewed appetite for precious metals amid macro uncertainties

These themes have kept silver in the spotlight, especially in markets where both industrial and investment demand influence the metal.

Company Snapshot: Hindustan Zinc’s Silver Edge

Hindustan Zinc continues to hold its position as:

• India’s largest producer of silver
• A manufacturer of refined silver with a minimum 99.9% purity

This makes the company directly sensitive to fluctuations in silver futures, silver MCX prices, and broader bullion trends.

Stock Journey So Far

• Up over 6% in the last five days
• Nearly 8% gains in the past six months
• Around 10% up in 2025
• Down ~1.5% over the past year
• Up ~112% in the past five years

52-Week Range

• 52-week low: ₹378.15 (March)
• 52-week high: ₹546.80 (June) – driven by earlier surge in silver
• The stock has corrected about 10.5% from its yearly high.
• Current P/E is near 20

The stock has shown large swings, shaped heavily by the volatility in silver prices.

Summary

The recent rise in the Hindustan Zinc share price is tied closely to the sudden spike in silver prices.

With MCX silver futures jumping up to 2%, domestic prices rising by ₹3,000 per kg, and global cues remaining supportive, the sentiment around silver-focused companies improved noticeably.

As India’s leading silver producer, Hindustan Zinc naturally benefited from this upward momentum, extending its multi-session rally and drawing investors’ interest once again.