Hindustan Zinc shares jump 4% as silver prices soar 45% in 2026. Check target, upside
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Shares of Hindustan Zinc climbed as much as 4.5% to hit a fresh 52-week high of Rs 731 on the BSE on Tuesday, tracking a sharp rally in silver prices. The precious metal surged over 6% to scale new record highs, decisively crossing the key psychological level of $100 per troy ounce. The company's m-cap crossed Rs 3 lakh crore mark to become India's most valued metal company. On the MCX, Silver futures for March 5 delivery soared to Rs 3,54,530 per kg, rising Rs 19,831 or 5.93%, after touching a lifetime high of Rs 3,54,780. This follows a global rally where spot silver surged over 6% and hit a new record of $117.69 an ounce, before paring gains to trade around $110 per ounce. Silver has been on a stellar run in 2026, rallying nearly 50% in the first month. On the global stage, Hindustan Zinc ranks among the leading silver producers, with annual output of 22.5 million ounces — ahead of Grupo Mexico’s 12.1 million ounces and not far...