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Hindustan Zinc rallies as silver prices hit record highs
Hindustan Zinc gained sharply after silver futures hit record levels, driving metal stocks and silver ETFs higher.
Hindustan Zinc shares jumped about 5% after silver March futures crossed Rs 3.5 lakh per kilogram, boosting sentiment across metal stocks. The rally lifted silver exchange traded funds by up to twelve percent, reflecting strong investor interest. Rising global prices and expectations of sustained industrial demand supported silver linked plays, aiding Hindustan Zinc’s valuation outlook in the near term for Indian markets.