Vedanta Resources group firm Hindustan Zinc today said it has increased prices of silver by Rs 450 to Rs 21,200 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 334.90 on theBombay Stock Exchange, down 1.46 per cent in the early afternoon session.
Wednesday, February 11, 2009
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