Jakarta, CNBC Indonesia – The price of gold bars at Pegadaian weakened on Sunday (16/10/2022), in line with the correction in world gold prices.
Pegadaian itself sells various types of gold, namely Antam gold, Antam Retro, Antam Batik and UBS. The formats are also sold in various formats, ranging from 0.5 grams to 1,000 grams.
Launching data from Pegadaian’s official website today, Antam’s gold price is priced at IDR 968,000 per gram. Today’s price is Rp 5,000 less than the previous day. This gold is available from 0.5 grams to 1,000 grams.
ANNOUNCEMENT
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|
Unit |
Price antam |
Exchange rate (Rp) |
Change (%) |
|
0.5 |
Rp536.000 |
-Rp3.000 |
-0.56% |
|
1.0 |
968,000 rupees |
-Rp5.000 |
-0.51% |
|
2.0 |
Rp1.883.000 |
-Rp10.000 |
-0.5% |
|
3.0 |
Rp2.799.000 |
-Rp16.000 |
-0.6% |
|
5.0 |
Rp4.629.000 |
-25,000 rupees |
-0.54% |
|
10.0 |
Rp9.201.000 |
-52,000 rupees |
-0.57% |
|
25.0 |
22,872,000 rupees |
-Rp 130,000 |
-0.57% |
|
50.0 |
Rp45.661.000 |
-258,000 rupees |
-0.57% |
|
100.0 |
91,240,000 rupees |
-517,000 rupees |
-0.57% |
|
250.0 |
Rp227.825.000 |
-Rp1.293.000 |
-0.57% |
|
500.0 |
Rp455.432.000 |
-Rp2.586.000 |
-0.57% |
|
1000.0 |
Rp905.650.000 |
-Rp5.171.000 |
-0.57% |
Meanwhile, Antam Retro’s gold price saw a drop today. The price of 1 gram is Rp. 923,000, down 0.97% per 1 gram. Meanwhile, the majority weakened quite sharply in the 0.97-1.02% range.
Antam Retro Gold is antique gold in which the gold piece and the certificate are separate. Antam Retro Gold was last produced in 2018 and is available from 0.5 grams to 100 grams.
|
Unit |
Retro antam price |
Retro Gold Exchange (RP) |
Retro gold exchange (%) |
|
0.5 |
492,000 rupees |
-Rp5.000 |
-1.01% |
|
1.0 |
923,000 rupees |
-Rp9.000 |
-0.97% |
|
2.0 |
Rp1,826,000 |
-Rp19.000 |
-1.03% |
|
3.0 |
Rp2.713.000 |
-28,000 rupees |
-1.02% |
|
5.0 |
Rp4.507.000 |
-Rp46.000 |
-1.01% |
|
10.0 |
8,958,000 rupees |
-Rp91.000 |
-1.01% |
|
25.0 |
Rp22.268.000 |
-225,000 rupees |
-1.00% |
|
50.0 |
Rp44.454.000 |
-Rp451.000 |
-1.00% |
|
100.0 |
88,829,000 rupees |
-Rp900.000 |
-1.00% |
Pegadaian also offers Antam Batik gold, which is Antam’s most expensive type of gold. The most expensive gold price is Rp. 1,123,000 per gram. Prices today are lower than yesterday. This gold is sold in 3 units, i.e. 0.5 grams, 1 gram and 8 grams.
|
Unit |
Antam Batik price |
Exchange of batik gold (Rp) |
Change in batik gold (%) |
|
0.5 |
609,000 rupees |
-2,000 rupees |
-0.33% |
|
1.0 |
Rp1.123.000 |
-Rp5.000 |
-0.44% |
|
8.0 |
8,483,000 rupees |
-41,000 rupees |
-0.48% |
Finally, there is most of UBS gold, also in solid decline, where the drop in price was around 0.12% -0.76%. The UBS gold price is priced at Rp 916,000 per gram, down 0.76% from the previous day.
Fully available UBS gold in sizes from 0.5 grams to 1,000 grams. However, for today, the UBS gold price in the 1,000 gram size is not available.
|
Unit |
UBS price |
UBS Gold Exchange (RP) |
UBS gold exchange (%) |
|
0.5 |
Rp489.000 |
-Rp3.000 |
-0.61% |
|
1.0 |
916,000 rupees |
-7,000 rupees |
-0.76% |
|
2.0 |
Rp1.818.000 |
-Rp13.000 |
-0.71% |
|
5.0 |
Rp4.490.000 |
-Rp34.000 |
-0.75% |
|
10.0 |
8,932,000 rupees |
-Rp67.000 |
-0.74% |
|
25.0 |
22,284,000 rupees |
-Rp169.000 |
-0.75% |
|
50.0 |
Rp44.476.000 |
-Rp337.0000 |
-0.75% |
|
100.0 |
88,917,000 rupees |
-107,000 rupees |
-0.12% |
|
250.0 |
Rp222.226.000 |
-Rp1.680.000 |
-0.75% |
|
500.0 |
Rp443.926.000 |
-Rp3.258.000 |
-0.73% |
In trading on Friday (10/14/2022), the world price of gold closed at USD 1,641.76 per troy ounce. A decrease of 1.44% from the previous day’s trading and continued the weakening trend of gold.
High US inflation has become a negative sentiment for gold prices. The United States Bureau of Labor Statistics reports inflation in the United States at 8.2% (Year after year/ aa) in September 2022.
The inflation rate was in fact lower than the 8.3% (y / y) recorded in August but still above market expectations of 8.1% (y / y).
On a monthly basis (month by month/ mtm), inflation was recorded in September at 0.4%, an increase compared to August which stood at 0.1%. Core inflation hit 6.6% (y / y) in September, the highest level since 1982 or in 40 years.
Inflation is still high, erasing the expectations of market participants if the US central bank The Federal Reserve (The Fed) eases policy. With high inflation, the Fed is even expected to significantly raise the benchmark interest rate in November and December.
The world price of gold is the main factor that determines the price of gold bars in the country. But there are other factors that affect the rupee’s exchange rate as well supply and demand. The two factors mean that the percentage increase / decrease in the price of gold bars in the country can be higher / lower, sometimes even in opposite directions.
RESEARCH TEAM OF CNBC INDONESIA
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