Hindustan Zinc Shares Soar 6% as Silver Futures Hit Record Highs

• Hindustan Zinc shares surged over 6% to Rs 669.75, extending gains for the fourth consecutive session.
• Silver futures on MCX jumped nearly 5% to a new all-time high of Rs 2,87,990 per kilogram.
• May and July silver expiries also hit lifetime highs of Rs 2,94,503 and Rs 3,01,383 per kilogram, respectively.
• The rally in silver was fueled by US inflation data boosting hopes for Federal Reserve rate cuts and geopolitical tensions.
• Silver ETFs, including Groww, DSP, Tata, and Nippon, mirrored the rise, gaining 3-5% to reach record highs.

Why It Matters: Hindustan Zinc shares and silver ETFs surged significantly due to record silver prices and rate cut hopes.