Silver price drop leads to decline in Hindustan Zinc shares
after close1 source ↓written by the desknot a recommendation
- this week
- 14%
- to ₹531.1
- 4%
- fall in Hindustan
- 9%
Silver prices have plunged 14% this week, impacting Hindustan Zinc, which saw its shares drop 4% to ₹531.1 amid a broader market rally. The decline is attributed to a stronger US dollar and rising bond yields, with silver now trading below half its all-time high of $121 per ounce. Investors are concerned about the 9% fall in Hindustan Zinc shares this week, reflecting ongoing weakness in silver, a key revenue source for the company.
Not investment advice. For informational purposes only.