Hindustan Zinc stock drops 2% as silver surges to Rs 4 lakh

Hindustan Zinc’s stock movement caught investors’ attention in late January 2026. Even though silver prices recently surged past a record ₹4 lakh per kilogram on India’s Multi Commodity Exchange, a rare and powerful rally, the share price of Hindustan Zinc fell about 2 % over recent sessions. That unusual contrast puzzles many traders and market watchers because Hindustan Zinc is deeply tied to silver as one of India’s biggest producers.