Hindustan Zinc Shares Surge as Silver Hits Record Rs 3 Lakh/kg; ETFs at All-Time High

• Hindustan Zinc shares rose 2% after silver prices breached Rs 3 lakh per kg in futures trade for the first time.
• The company's shares touched an intraday high of Rs 662.25, up 3.84 percent.
• HSBC upgraded Hindustan Zinc to "buy" with a price target of Rs 750, citing a positive outlook for zinc and silver.
• March silver futures on MCX skyrocketed by 4.71% to Rs 3,01,315 per kilogram, while international prices hit USD 94.35 per ounce.
• Silver ETFs, including Groww, DSP, Tata, and Nippon, also saw significant gains, reflecting the surge in silver prices.

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