This was evident when a logistics company official last week ran away with 11 kg of gold jewellery worth Rs 3.5 crore. Jewellery firms beware. Cases of logistics company officials decamping with precious cargo while in transit or goods disappearing while left unattended by a logistics provider are not covered under the jeweller’s block insurance
What is hedging? Taking two contrary positions on an underlier to protect yourself from price risk and volatility. How does it happen in gold? Say you’re a jeweller. You have an order to sell a quantity of jewellery to a customer by say end of May. You have to buy gold bars from a bank