Hindustan Zinc shares hit fresh 52-week high as silver prices extend record run; stock up 36% in 30 days

Hindustan Zinc shares rise.

Hindustan Zinc shares touched a fresh 52-week high on Friday as silver prices extended their record run in the domestic and global markets.

The stock opened with a gap-up of 3.22 percent and climbed to an intraday high of Rs 646.50 per share on the NSE, which also marked its 52-week high.

The stock has been gaining for the last four sessions. According to BSE Analytics, Hindustan Zinc has risen 35.87 percent over the past 30 days.

The rally in the stock comes amid a sharp rise in silver prices. Extending its gains for the fifth straight session, silver futures on Friday surged Rs 8,951 to hit a fresh record high of Rs 2,32,741 per kg, after the metal crossed the USD 75-per-ounce mark in the global market.

On the Multi Commodity Exchange, silver futures for the March 2026 contract jumped Rs 8,951, or 4 percent, to an all-time high of Rs 2,32,741 per kg. The contract has gained Rs 29,176, or 14.33 percent, since December 18.

Jigar Trivedi, Senior Research Analyst at Reliance Securities said geopolitical tensions, including the US blockade of Venezuelan crude shipments, the Russia-Ukraine conflict and Washington’s recent military strike against ISIS in Nigeria, have supported safe-haven demand for bullion.

Investors continue to price in two quarter-point rate cuts by the Federal Reserve next year as inflation cools and labour market conditions soften, even as policymakers remain divided on the outlook.

(Inputs from PTI)

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