Market Performance
Hindustan Zinc share price stayed firmly in focus in the stock market today, extending its upward move for a second straight session. On Monday, January 12, the stock jumped 4.5%, reflecting strong investor interest driven by sharp gains in silver prices.
The stock opened higher at ₹624.8 and continued to climb through the session, touching an intraday high of ₹632.55. At this level, Hindustan Zinc share price stands 57% above its August lows, highlighting the strength of the recent rally.
This move came at a time when metal stocks were tracking global commodity trends closely, and silver clearly led from the front.
Main News: Silver Prices Hit Fresh Record Highs
Silver prices played a central role in pushing Hindustan Zinc share price higher today.
On the Multi Commodity Exchange, silver futures surged to a new lifetime high, crossing ₹2.65 lakh per kilogram during the session. The momentum has remained strong despite occasional pullbacks.
Key silver price highlights:
- March delivery silver futures jumped ₹12,665 per kg in a single session
- Fresh record high of ₹2,65,390 per kg on MCX
- Silver is up 7% last week
- Prices have risen 12.5% in the first nine trading sessions of 2026
The rally has carried forward from 2025, when silver delivered a massive 170% surge, significantly outperforming gold. Even after brief phases of profit booking, prices have rebounded sharply, keeping the broader trend intact.
In the international market, spot silver prices strengthened by up to 6%, hitting a fresh peak of $84.58 per ounce. This takes the metal’s gains to:
- 18% so far in January
- 148% rise during 2025
This global strength fed directly into sentiment around domestic metal stocks, including Hindustan Zinc.
Why Silver Matters to Hindustan Zinc?
Silver is no longer a side story for the company—it has become a key contributor to earnings.
During H1FY26, silver accounted for:
- 41% of earnings before interest and taxes (EBIT)
This marks a sharp rise from:
- Around 28% contribution in FY23
With silver prices trading at record levels, the impact is clearly visible in how the market is reacting to Hindustan Zinc share price in the stock market today.
Global Triggers Supporting the Rally
The rally in silver has been underpinned by a mix of global uncertainty and currency movement.
Several geopolitical developments strengthened the safe-haven appeal of precious metals:
- Rising tensions linked to China–Japan trade relations
- Developments involving the US and Venezuela
- Fresh tariff-related concerns
- Political and legal uncertainty surrounding the US Federal Reserve leadership
At the same time, the US dollar weakened, adding further support.
The dollar index slipped 0.2% to 99.011, snapping a five-day winning streak. A softer dollar typically makes dollar-priced commodities more attractive for global investors, which helped silver prices extend gains.
Recent US jobs data also sent mixed signals, adding to uncertainty around economic growth and policy direction—an environment where precious metals often find support.
Company Details
Hindustan Zinc operates as a major player in the metals space, with silver emerging as a critical earnings driver alongside zinc. The recent surge in silver prices has brought renewed attention to the company’s revenue mix and market positioning.
In the stock market today, Hindustan Zinc share price reflected this shift, moving in line with global and domestic commodity trends.
Summary
Hindustan Zinc share price gained momentum in the stock market today as silver prices soared past ₹2.6 lakh per kg on MCX. The stock rose 4.5%, touched ₹632.55, and now trades 57% above its August lows.
Silver’s growing contribution to earnings—41% of EBIT in H1FY26—has strengthened the linkage between the metal’s price movement and the stock’s performance. Supported by global uncertainty and a softer US dollar, silver continues to set new records, and that strength is clearly reflected in Hindustan Zinc share price action.
As things stand, silver remains the key driver shaping the narrative around Hindustan Zinc in the current market environment.
Source: Livemint
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