Vedanta, NALCO and Hindustan Zinc slide about 3% as silver tumbles 7% to $57.70

Metal stocks fell broadly on Thursday, with Vedanta, NALCO and Hindustan Zinc down about 3% each, while the Nifty Metal index slipped 1% to 12,496. The move followed a 7% drop in international silver prices to $57.70, more than halving from the late-January 2026 peak of $121.78. A firmer US dollar—its index near a one-year high of 101.5—and expectations of a US Federal Reserve rate hike in September also weighed on sentiment. China’s May steel exports fell 3% year on year, adding to concerns over global metals demand.