Jakarta, CNBC Indonesia – The purchase price of gold bullion sold by PT Aneka Tambang (Persero) Tbk (ANTM) fell slightly in today’s trading, Monday (25/4/2022). Followed by price buyback.
Launching data from the official website of PT Antam, logammulia.comthe price of 1 gram gold bullion was at Rp. 981,000/bar, a slight decrease of Rp. 1,000/gram or 0.1% from the previous position.
Following the purchase price, the price buyback (the price used when selling gold back) also weakened. In today’s trading the price of gold buyback recorded at IDR 885,000/gram, a slight decrease of IDR 1,000.
“The resale price is the same for all shards and years of production. For transactions buyback please contact the nearest LM Gold Boutique with service hours on weekdays Monday-Friday. Payment is made by transfer on D+2 to D+3 (working days). If the packaging is damaged or lost, a discount will be imposed in accordance with the applicable terms and conditions,” explained the statement on the Antam website.
Antam’s gold price fell in today’s trading, Wednesday (27/4/2022) amid the strengthening of world gold. Yesterday, the world benchmark gold price on the spot market closed at US$ 1,905/troy ounce, up 0.41% compared to the previous day.
Despite the gains, Wang Tao, Market Analyst Reuters,said gold was testing its resistance at $1,908/troy ounce. So that the world gold price is prone to correction. If gold moves above that point, the price could crawl to the range of US$ 1,917-1,924/troy ounce.
Point support gold is at US $ 1,894/troy ounce. If gold moves below that level, the price could continue to fall to US$ 1,870/troy ounce.
Jeffrey Halley, analyst at OANDA, said Russia-Ukraine conflict that has not subsided is also a factor supporting the movement of gold. In the latest development, Russia has again warned NATO and its allies about the potential for nuclear war in the aftermath of tensions in Ukraine which has also dragged the involvement of Western countries.
Strengthening is limited due to the strength of the US dollar. The reason is the increase in the Fed’s benchmark interest rate by 50 bps is getting bigger. Expectations of a Fed rate hike also soar yield US government debt.
CNBC INDONESIA RESEARCH TEAM
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