Hindustan Zinc Shares Surge 2% as Silver Prices Hit Record Rs 3 Lakh/kg; ETFs Soar

• Hindustan Zinc shares climbed sharply by 2% on Monday, reaching an intraday high of Rs 662.25, a 3.84% increase.
• Silver futures on MCX hit a fresh lifetime high of Rs 3,01,315 per kilogram, soaring by 4.71%.
• Overseas, the March silver contract jumped to a record USD 94.35 per ounce, up 6.56%.
• Analysts attribute the rally to robust industrial demand, a softer US dollar, and persistent physical deficits.
• Silver ETFs like Groww, DSP, Tata, Nippon, and others also saw significant gains, rising between 3% and 5%.

Why It Matters: Hindustan Zinc shares and silver ETFs surged as silver prices reached a historic high of Rs 3 lakh/kg.