Hindustan Zinc Share Price: Hindustan Zinc shares climbed sharply on Monday as silver prices surged to a historic high, breaching the Rs 3 lakh-per-kg mark in futures trade for the first time, supported
by strong investor demand and favourable global cues. The stock touched an intraday high of Rs 662.25, rising 3.84 percent.
Silver hits record high
On the Multi Commodity Exchange (MCX), March silver futures soared Rs 13,553, or 4.71 percent, to a fresh lifetime high of Rs 3,01,315 per kilogram. In overseas markets, the March silver contract jumped USD 5.81, or 6.56 percent, to a record USD 94.35 per ounce.
Analysts attributed the rally to robust industrial demand and a softer US dollar, which have helped silver outperform gold in recent sessions.
“On silver, the medium-term outlook remains constructive, backed by persistent physical deficits, resilient industrial demand and safe-haven demand,” said Christopher Wong, strategist at OCBC, told Reuters.
“However, the pace of the recent rally may warrant some near-term tactical caution,” Wong added, noting that the gold-silver ratio has fallen sharply from around 105 in late 2025 to the low-50s, highlighting silver’s strong outperformance versus gold.
Silver ETFs surge
Reflecting the rally in spot and futures prices, silver exchange-traded funds also gained strongly. Groww Silver ETF jumped over 4 percent, while DSP Silver ETF, Tata Silver ETF, Nippon Silver ETF (SilverBees), Zerodha Silver ETF and Edelweiss Silver ETF also advanced.
UTI Silver ETF, SBI Silver ETF, HDFC Silver ETF, ICICI Prudential Silver ETF, Mirae Asset Silver ETF, Aditya Birla Silver ETF, Motilal Oswal Silver ETF, 360 ONE Silver ETF and Kotak Silver ETF rose between 3 percent and 5 percent.
