Vedanta Resources group firm Hindustan Zinc said it has reduced prices of silver by Rs 510 to Rs 23,070 a kilo gram.
A company circular said on February 20, "The price revision is effective from today." The circular also added that the prices are exclusive of sales tax/VAT and other statutory levies as applicable.
Silver metal is essential as the 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 miner revises silver rates almost everyday following the price movement at the London Metal Exchange.
Hindustan Zinc was trading at Rs 319.70 on the Bombay Stock Exchange, down 1.07 per cent in the early afternoon session.
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