Hindustan Zinc shares fell sharply on Friday after India issued permits to import 6,500 metric tonnes of silver over the next six months to meet festive-season demand. The move could ease domestic premiums amid weak demand, while silver futures declined around 3%. The stock is down over 18% so far in 2026.
India has issued permits to import about 6,500 tonnes of silver over the next six months to meet demand for the metal during the festive season, Reuters reported. The move could ease domestic price premiums while also weighing on global exchange rates.