Hindustan Zinc shares fell 5% in Tuesday’s trade, touching an intraday low of ₹544, as a sharp decline in global silver prices weighed on investor sentiment across the metals sector.
The Vedanta Group company’s slide reflects broader pressure on Indian equities, where the benchmark Nifty 50 index slipped below the critical 24,000 level amid heavy selling in both information technology and metals stocks.
The sell-off in precious metals is driven by growing concerns over industrial demand.
Analysts warn that silver’s strong rally in 2025 has pushed costs higher, deterring key industrial users from buying.
UBS and other major banks have flagged the risk of further declines as the metal faces a potential demand pullback.
Macroeconomic headwinds are also compounding the pressure.