KONTAN.CO.ID- JAKARTA. Thursday (1/10), Antam’s gold price fell by Rp 3,000 per gram, from Rp 1,016,000 per gram to Rp 1,013,000 per gram.
| Date | Antam Gold Price per gram | Antam’s Gold Buyback Price per gram (1/10) | Potential Profit / Loss (%) |
|---|---|---|---|
| 24 September 2020 | IDR 1,002,000 | IDR 904,000 | -9.78% (loss) |
| 01 September 2020 | IDR 1,026,000 | IDR 904,000 | -11.89% (loss) |
| 01 July 2020 | IDR 919,000 | IDR 904,000 | -1.63% (loss) |
| 01 April 2020 | IDR 911,000 | IDR 904,000 | -0.77% (loss) |
| 01 January 2020 | IDR 762,000 | IDR 904,000 | 18.64% (profit) |
| 01 October 2019 | IDR 751,000 | IDR 904,000 | 20.37% (profit) |
| 01 July 2019 | IDR 699,000 | IDR 904,000 | 29.33% (profit) |
| 01 April 2019 | IDR 660,000 | IDR 904,000 | 36.97% (profit) |
| 01 January 2019 | IDR 665,000 | IDR 904,000 | 35.94% (profit) |
Source: Precious Metals, Antam
On the other hand, the buyback price by Logam Mulia decreased by Rp 3,000 per gram, from the previous Rp 907,000 per gram to Rp 904,000 per gram. Thus, the difference between the gold price and the price buyback today it is IDR 109,000 per gram.
So far, Antam has set two types of gold bullion prices: the gold price and the buyback price.
The price of Antam gold listed above is the price that occurs when we buy gold from a precious metal stall. As for the buyback price of Antam gold is the price that occurs when we sell gold to the precious metal stalls.
Also Read: The price of gold today (1/10) at the Antam Gold Boutique fell by Rp 3,000 per gram
So, if you buy gold from Antam this morning, you have to pay Rp. 1,013,000 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. 904,000 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 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.
- Antam’s gold price on September 24, 2020 (IDR 1,002,000 per gram) = -9.78% (loss)
- Antam’s gold price on September 1, 2020 (IDR 1,026,000 per gram) = -11.89% (loss)]
- Antam’s gold price on July 1, 2020 (IDR 919,000 per gram) = -1.63% (loss)
- Antam’s gold price on April 1, 2020 (IDR 911,000 per gram) = -0.77% (loss)
- Antam’s gold price on January 1, 2020 (IDR 762,000 per gram) = 18.64% (profit)
- Antam’s gold price on October 1, 2019 (IDR 751,000 per gram) = 20.37% (profit)
- Antam’s gold price on July 1, 2019 (Rp. 699,000 per gram) = 29.33% (profit)
- Antam’s gold price on April 1, 2019 (Rp. 660,000 per gram) = 36.97% (profit)
- Antam’s gold price on January 1, 2019 (IDR 665,000 per gram) = 35.94% (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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