Prime Story
SGL Presents Retail Jeweller India Forum 2019: Know Everything About Gold Loans & How to hedge at MCX
Learn about the latest innovative financial products from MCX and the different ways of de-risking your business in this unpredictable price-fluctuating environment at Retail Jeweller India Forum. In this era of gold loans, banks enable jewellers to have significant savings, which they pass it on as benefits to the consumers. The concept of gold loans is unique to the jewellery sector, and therefore, the industry should take advantage of it. Would you like to know more about this and also how to hedge at MCX, then don’t forget to attend Retail Jeweller India Forum on February 9.
This educative session ‘Gold metal loans from banks and how to hedge at MCX’, is moderated by Sanjeev Agarwal, Chairman FICCI Gems & Jeweller & Lifestyle Committee. The members of the esteemed panel are- Shivanshu Mehta, MCX and Ashish Pethe from Waman Hari Pethe.
Speaking about the topic and its relevance today, Sanjeev Agarwal, Chairman FICCI Gems & Jeweller & Lifestyle Committee said, “Unlike many other retail sectors, Jeweller Retailers operate on very slim margins because over 79-80 percent of the retail price is accounted for by the raw material (gold) cost itself. Hence any savings in raw material (gold) costs through gold metal loan and gold price hedging, can make a signing difference to the bottom line.”
He further added, “Gold metal loan concept is unique to the jeweller sector only and not available to any other retail product category and hence the trade should take full advantage of it and cut their inventory carrying costs by 1/4th, which will help them increase their retail presence with limited investments.”
Ashish Pethe, Partner, Waman Hari Pethe shared, “With the fluctuations in gold price being the norm. It has become imperative for the full value chain in the gold jewellery industry to be aware and use the hedging mechanisms. The pressure on the working capital requirements can be eased through gold metal loans.”
Shivanshu Mehta, Head-Bullion, MCX will talk about how MCX gold and silver prices have become a domestic benchmark price across the bullion value chain. He will also speak about how jewellers are exposed to price volatility due to several reasons, and how MCX Bullion contracts capture all these factors in gold and silver prices thereby, enabling a complete hedge.
(Retail Jeweller India will be hosting their 6th edition of Retail Jeweller India Forum on February 9, 2019, at Sofitel BKC, Mumbai. Register yourself today to be part of the exciting knowledge-based event, which will have renowned speakers sharing their rich insights on this year’s theme ‘Innovate to Win’. For more information and to register, log in on to retailjewellerindiaforum.com).
With ‘Uncut Conversations’, Zaveri Bros Diamonds & Gold seeks to build deep, meaningful customer relationships
Thangals Jewellery celebrates International Women’s Day by recognizing employees at its all-women showroom in Dubai
Kirthi Diamonds’ new capsule collection is influenced by iconic characters and elements from Harry Potter films
Abharan Jewellers’ contest asks brides-to-be to document their in-store wedding jewellery shopping journey
India has overtaken China to become second largest diamond market: De Beers CEO Al Cook
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
Wide Angle4 weeks agoIndia has overtaken China to become second largest diamond market: De Beers CEO Al Cook
- Daily News1 month ago
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
- Exclusive2 months ago
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
- Wide Angle1 month ago
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
