Hindustan Zinc raises silver prices

NEW DELHI: Vedanta Resources group firm Hindustan Zinc on Tuesday said it has increased prices of silver by Rs 640 to Rs 20,750 a kilo gram.

Silver metal is used in electrical contacts and conductors, mirrors and in catalysts for chemical reactions. Its amalgamations are used in dental fillings. It is also used in soldering activities.

The price revision is effective from today, a company circular said, adding the prices are exclusive of sales tax/VAT and other statutory levies as applicable.

The miner revises silver rates on a daily basis following the price movement at the London Metal Exchange.

Shares of Hindustan Zinc were trading at Rs 347.95 on the Bombay Stock Exchange, up 0.27 per cent in the early afternoon session.