ILLUSTRATION.
Reporter: Hasbi Maulana | Editor: Hasbi Maulana
KONTAN.CO.ID – Saturday (7/11), the price of certified gold bullion at the Precious Metal Gold Boutique owned by PT Aneka Tambang (ANTM) fell by IDR 5,000 per gram, from previously IDR 1,009,000 per gram to IDR 1,004,000 per gram.
| Date | Gold Price per gram | Buyback Price per gram (Today) | Potential Profit / Loss |
|---|---|---|---|
| 31 October 2020 | IDR 996,000 | IDR 897,000 | -9.94% (loss) |
| 07 October 2020 | IDR 999,000 | IDR 897,000 | -10.21% (loss) |
| 07 August 2020 | IDR 1,065,000 | IDR 897,000 | -15.77% (loss) |
| 07 May 2020 | IDR 913,000 | IDR 897,000 | -1.75% (loss) |
| 07 February 2020 | IDR 772,000 | IDR 897,000 | 16.19% (profit) |
| 07 November 2019 | IDR 750,000 | IDR 897,000 | 19.60% (profit) |
| 07 August 2019 | IDR 746,000 | IDR 897,000 | 20.24% (profit) |
| 07 May 2019 | IDR 665,000 | IDR 897,000 | 34.89% (profit) |
| 07 February 2019 | IDR 663,000 | IDR 897,000 | 35.29% (profit) |
On the other hand, price buyback by Logam Mulia, it decreased by IDR 5,000 per gram, from the previous IDR 902,000 per gram to IDR 897,000 per gram. Thus, the difference between the gold price and today’s buyback price is IDR 107,000 per gram.
So far, Antam has set two types of gold bullion prices: the gold price and the buyback price.
The price of gold listed above is the price that occurs when we buy gold from a precious metal stall. The buyback price is the price that occurs when we sell gold to the precious metal stall.
Also Read: The price of gold today (7/11) at the Antam Gold Boutique has decreased by IDR 5,000 per gram
So, if you buy gold from Antam this morning, you have to pay IDR 1,004,000 per gram. If for some reason you suddenly need money so urgently that you are forced to sell the gold back in the afternoon or evening, don’t be surprised that your gold is only valued at Rp. 897,000 per gram by Logam Mulia.
Anyone needs to pay attention to the two types of gold prices if they are really serious about becoming a gold bullion investor. Without taking into account the difference between the two prices, a gold investor might miscalculate the potential profit and loss.
With such a thick difference between the selling price and the buying price (spread), gold is only suitable for long-term investment. In the long term, we hope that the price of gold will rise much higher so that it will be able to cover the difference between the selling price and the buyback price, as well as providing a profit.
Just for illustration, here is the calculation of the potential profit / loss if gold investors are bullied for several periods of time.
- Buying gold on October 31, 2020 (IDR 996,000 per gram) = -9.94% (loss)
- Buying gold on October 7, 2020 (IDR 999,000 per gram) = -10.21% (loss)
- Buying gold on August 7, 2020 (IDR 1,065,000 per gram) = -15.77% (loss)
- Buying gold on May 7, 2020 (IDR 913,000 per gram) = -1.75% (loss)
- Buying gold on February 7, 2020 (IDR 772,000 per gram) = 16.19% (profit)
- Buying gold on November 7, 2019 (IDR 750,000 per gram) = 19.60% (profit)
- Buying gold on August 7, 2019 (IDR 746,000 per gram) = 20.24% (profit)
- Buying gold on May 7, 2019 (IDR 665,000 per gram) = 34.89% (profit)
- Buying gold on February 7, 2019 (IDR 663,000 per gram) = 35.29% (profit)
The calculation above does not take into account the Value Added Tax (VAT) and a stamp duty fee of IDR 6,000.
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