Hindustan Zinc Share Price Climbs as Silver Prices Surge in Stock Market Today

Market Performance

The Hindustan Zinc share price moved higher in stock market today trade, rising over 2% on January 6, tracking a sharp jump in silver prices across global and domestic markets.

In early trading, Hindustan Zinc shares advanced to ₹643.65 per share, reflecting renewed investor interest as silver rallied sharply amid ongoing geopolitical uncertainties. The move came alongside strong action in silver-linked instruments, especially ETFs, which also saw broad-based gains.

The upward momentum in the counter closely mirrored the strength seen in silver, a metal that plays a dual role—both as a precious asset and a key industrial input.

Main News Driving Hindustan Zinc Share Price

Silver prices took center stage during the session, pushing stocks linked to silver production into the spotlight.

Here’s what supported the rise:

• Silver prices crossed the $79 per ounce mark
• The metal is now only 6% away from record-high levels
• Silver prices have risen nearly 9% since the US captured Venezuela’s President Maduro

This sharp move in bullion prices acted as a direct sentiment booster for companies linked to silver production, including Hindustan Zinc.

Silver Prices on MCX (India)

Domestic silver futures reflected strong buying interest across all major contracts:

• March expiry: Up nearly 2% at ₹2,50,723 per kg
• May expiry: Gained around 2% to ₹2,56,800 per kg, hovering near lifetime highs
• July expiry: Jumped over 2% to hit a fresh all-time high of ₹2,63,300 per kg
• September expiry: Rose more than 2% to a new record of ₹2,70,036 per kg

The strength across near and far-month contracts showed broad participation rather than a short-term spike.

Company Details: Why Hindustan Zinc Tracks Silver Closely?

Hindustan Zinc holds a unique position in the Indian metals space.

• It is the largest producer of silver in India
• The company produces refined silver with minimum 99.9% purity

Because of this direct exposure, movements in silver prices often translate quickly into share price action. When silver strengthens, market sentiment around Hindustan Zinc typically improves, as seen in stock market today trade.

Silver ETFs Reflect the Same Story

Silver ETFs moved in tandem with the spot and futures markets, extending the bullish tone.

ETFs rising nearly 3%

• Mirae Asset Silver ETF
• Aditya Birla Sun Life Silver ETF
• DSP Silver ETF

ETFs gaining over 2%

• Nippon India Silver ETF
• Kotak Silver ETF
• UTI Silver ETF
• HDFC Silver ETF
• ICICI Prudential Silver ETF
• Zerodha Silver ETF
• SBI Silver ETF
• Axis Silver ETF
• Motilal Oswal Silver ETF
• Tata Silver ETF
• Groww Silver ETF, among others

The rally across multiple ETFs highlighted strong alignment between physical silver prices and market-linked instruments.

Summary

• Hindustan Zinc share price rose over 2% on January 6
• Shares traded around ₹643.65 in early hours
• Silver prices crossed $79/oz, climbing 9% over recent days
• MCX silver futures gained nearly 2% across all major expiries
• Silver ETFs advanced 2–3%, reflecting strong market momentum
• Hindustan Zinc, as India’s largest silver producer, benefited directly from silver’s surge

In stock market today trade, the rise in Hindustan Zinc shares was not an isolated move. It followed a clear, price-led story unfolding in the silver market—steady, visible, and backed by numbers across spot, futures, and ETFs.

Source: Moneycontrol