Gold, Silver, Platinum, Aluminium And Copper Are At Record Highs: These Stocks Gained

Gold and Silver touched new all time highs in the futures market, crossing $4,500 an ounce and $72 and ounce respectively. Platinum and copper are also trading at record high levels and Aluminium prices have gained significantly since 2022.

Stocks of companies that are in these businesses have also surged.

HINDCOPPER₹433.20 +6.23%

Shares of Hindustan Copper, India’s leading copper producer were trading 6% higher at 12:00 on Wednesday. The stock hit a new 52-week high of ₹434.50 per share. This happened after a sharp jump in copper prices in domestic and international markets. The stock gained 76% in the past year.

A fatal mudslide occurred in Grasberg in Indonesia — the world’s second largest copper mine, which accounts for almost 70% of the production. This contributed to a shortage of supply and copper gained nearly 50% this year.

HINDZINC₹627.40 +2.89%

Hindustan Zinc is India’s largest and 9th largest global Silver producer. It is the only integrated silver producer in India and produces about 95% of the country’s primary silver. Silver occurs naturally within the zinc ore mined for the company’s mines and is extracted during the smelting and refining processes.

With Silver prices rising, the stock has gained 44% in the past year.

MANAPPURAM₹312.85 +6.12%

MUTHOOTFIN₹3,871.10 +1.65%

The shares of these gold financing companies hit record highs today. Muthoot Finance touched ₹3,890 per share, while Manappuram Finance hit ₹314 per share.

Gold prices have hit record highs on hopes of further rate cuts by the US Federal Reserve (USA’s central bank), geopolitical tensions, buying by central banks and investments through ETFs.

NATIONALUM₹297.30 +2.46%

VEDL₹598.25 +2.02%

HINDALCO₹880.40 +1.92%

These companies which are in the business of Aluminium reached 52-week highs today. National Aluminium Company and Hindalco gained 47% while Vedanta gained 42% this year, as aluminium rose to its highest level since 2022.