Hindustan Zinc, part of the Vedanta Group, saw its shares decline by 4.12% to ₹641.55 as silver prices corrected sharply, trading around $79 per ounce. This decline followed a significant rally that brought prices close to $90 on May 13, 2026, driven by speculative interest and expectations of tighter supply conditions. The recent drop in silver prices coincided with rising inflation concerns in the US, where wholesale inflation recorded its fastest increase since 2022. This data has heightened expectations for sustained higher interest rates, which negatively impacts the appeal of non-yielding assets like silver and gold. Additionally, gold prices fell 1.65% to $4,574.10 per ounce, reflecting similar pressures. Hindustan Zinc's strong financial performance was highlighted by a 67.59% year-on-year rise in consolidated net profit to ₹5,033 crore in Q4 FY26, alongside a 49% increase in revenue from operations to ₹13,544 crore. The company's significant market position, holding 74% of India's primary zinc market, underscores its importance in the sector.