Hindustan Zinc shares dropped 4% to ₹531.1 as silver prices continued to decline, impacted by a stronger US dollar and rising bond yields. Silver fell 14% this week, exacerbated by diminished geopolitical tensions and expectations of higher US interest rates affecting investor demand.
Hindustan Zinc shares fell 4% to ₹531.1 as silver prices plunged 14% this week. A stronger US dollar, rising bond yields, and reduced geopolitical tensions are driving silver's decline, impacting investor demand and leading to a 9% fall in Hindustan Zinc's share price.
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