Highlights

• Hindustan Zinc share price rose 2.06% to ₹590.20, with gains of over 24% in the past month.
• Silver prices crossed $66 per ounce and are up nearly 128.9% over the past year.
• Silver contributes approximately 40% of Hindustan Zinc’s overall profit, according to its September 2025 quarterly report.

Hindustan Zinc Ltd (NSE: HINDZINC) share price moved higher in recent trading, tracking the sharp rally in global silver prices. Shares were trading at ₹590.20 per share as of 18 December 2025, up 2.06% for the day. The stock has delivered notable short-term gains, rising 10.13% over the past five sessions and surging nearly 24% in the last one month.

Short-Term Momentum Lifts Hindustan Zinc Share Price

Hindustan Zinc share price has gained investor’s interest and over the past month, the stock has gained sharply, supported by a favourable commodities backdrop. The performance over both five-day and one-month periods highlights heightened market activity around silver producers.

Hindustan Zinc is a Vedanta Group company and is the world’s largest integrated zinc producer. It also ranks among the top five silver producers globally, positioning its earnings profile closely alongside movements in silver prices.

Silver Prices Surge to Record Levels

Silver prices surged above USD 66 per ounce, reaching fresh all-time highs, according to Trading Economics data. The rally has been driven by expectations of two US Federal Reserve interest rate cuts in 2026. Support also came from comments by US Federal Reserve Governor Christopher Waller, who stated that borrowing costs may need to be up to one percentage point lower to support employment.

Recent US labour market data added to expectations of policy easing. The unemployment rate climbed to 4.6%, its highest level since 2021, while job growth slowed materially. These developments contributed to renewed demand for precious metals.

On a broader basis, silver prices have surged nearly 128.9% over the past year, supported by tightening inventories and demand from solar energy, electric vehicles, and data centre infrastructure.

Silver’s Impact on Hindustan Zinc Financials

Hindustan Zinc’s earnings profile has a significant linkage to silver prices. In its September 2025 quarterly report, the company stated that silver contributes around 40% of overall profit, underlining its exposure to the ongoing silver price cycle.

During the second quarter, the company reported profit after tax of ₹2,649 crore, marking a 19% quarter-on-quarter increase. The quarter also delivered the company’s highest-ever second-quarter revenue and EBITDA, supported by improved metal prices and operational performance.

Silver demand indirectly benefit companies with sizeable silver exposure such as Hindustan Zinc.

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