Mumbai: Goldsmith Absconds With ₹1.30 Crore Worth Of Gold In Zaveri Bazaar A shocking case of embezzlement has come to light in Zaveri Bazaar.
Goldsmith Absconds with ₹1.30 Crore Worth of Gold in Zaveri Bazaar
Mumbai’s bustling Zaveri Bazaar, known for its vibrant gold trade, has recently become the center of a shocking embezzlement case. A local goldsmith has reportedly fled with 1,497 grams of pure gold, valued at a staggering ₹1.30 crore, entrusted to him for crafting exquisite jewelry. This incident has sent ripples through the community, raising concerns about trust and security in the goldsmithing business.
The Incident Unfolds
According to police reports, the goldsmith, who had a reputable standing in Zaveri Bazaar, was given the gold by a customer looking to create custom jewelry. However, instead of crafting the pieces as promised, the goldsmith vanished without a trace, leaving behind bewildered clients and a significant financial loss.
Police Investigation Underway
The local police have initiated a thorough search for the absconding goldsmith. Investigators are examining CCTV footage from the area and interviewing potential witnesses to gather clues that could lead to his capture. The incident has raised alarm bells among local jewelers and customers alike, prompting discussions about the importance of verifying the credentials of goldsmiths before entrusting them with valuable assets.
Protecting Yourself in the Gold Market
In light of this incident, it’s crucial to educate yourself on how to safeguard your investments in the gold market. Always research and choose reputable goldsmiths with verified credentials. Additionally, consider exploring online platforms like Looffers.com, which provide a transparent marketplace for buying and selling gold, ensuring you make informed decisions.
Conclusion
The case of the absconding goldsmith serves as a stark reminder of the potential risks involved in the gold trade. By staying informed and cautious, customers can protect themselves from similar situations in the future. As the police continue their investigation, the hope remains that the goldsmith will be brought to justice and that trust can be restored in Zaveri Bazaar.
