It is reported that Hindustan Zinc today has cut prices of zinc, used in producing galvanized steel by INR 1,000 per tonne to INR 67,900 per tonne with effect from today.

However, it has lowered lead rates, used primarily by battery, rubber and paint industry by INR 1,300 a tonne to INR 68,900 a tonne.

A company circular said that the price revision is effective from today.

The firm, which started listing silver rates last month, hiked the rate of the metal by INR 1,680 a kilogram to INR 23,580 per kilogram from the February 12th 2009 level.

Meanwhile, silver is used in electrical contacts and conductors, mirrors and in catalysis of chemical reactions. Its amalgamations are used in dental fillings. The miner revises rates of its base metals mostly twice a weak in tandem with the price movement at the London Metal Exchange. Silver rates are reviewed almost daily.