Hindustan Zinc Shares Crash 12% as Silver Prices Plunge; Fed Policy Uncertainty Blamed

• Hindustan Zinc shares plummeted by about 12% on January 30 due to a sharp decline in silver prices.
• Investors engaged in profit-booking, pushing the stock down to ₹631.55, as Hindustan Zinc is India's largest silver producer.
• International COMEX silver prices dropped over 8% to $104.37/ounce, while MCX silver futures fell over 9% to ₹3,63,723/kg.
• The fall is attributed to uncertainty regarding US monetary policy and speculation of a more 'hawkish' Federal Reserve chairman.
• Silver ETFs also saw significant declines, with Axis Silver ETF falling 12% and Motilal Oswal Silver ETF down 11%.

Why It Matters: Hindustan Zinc shares crashed due to falling silver prices, driven by US monetary policy uncertainty.