Jakarta, CNBC Indonesia – Gold is indeed shining brilliantly this year. The corona virus pandemic (Covid-19) is making the global economy nyungsep to the recession gap makes the demand for gold increase, not only globally, but also domestically.
The high demand for precious metals can be seen from the sales of PT Aneka Tambang Tbk. (ANTM) in the third quarter of 2020 which reached 6,967 kg or 223,994 troy ounces. These sales skyrocketed 147% compared to the same period in 2019.
Meanwhile, from the beginning of the year to September or 9 months, Antam’s gold sales reached 14,882 kg or 478,467 troy ounces.
Antam Corporate Secretary Kunto Hendrapawoko explained that the increase was supported by the growing public awareness of investing in gold amid the rising trend of gold prices and fluctuations in foreign currencies.
In line with this increase, Antam’s gold price also set an all-time high in the third quarter of 2020, and to date, it is still above Rp. 1 million per stick for 1 gram.
Launch data from logammulia.com, the official website of PT Antam, the price of gold reached the most expensive record in history at IDR 1,065,000 / stick on 7 August. This price increase is certainly very beneficial for investors who have owned Antam’s gold since the beginning of this year.
Antam’s gold price at the end of 2019 was IDR 771,000 / stick for 1 gram, while today, Thursday (10/22/2020) it was IDR 1,011,000 / stick.
This means that if investors buy Antam’s gold at the end of last year, then how obtained by 31.13%, jumbo!
Going forward, Antam’s golden glow is unlikely to dim. This is because the world gold price is predicted to continue to climb.
Launching Refinitiv data, world gold reached an all-time high of US $ 2,072.49 / troy ounce, on August 7.
After that, world gold did experience a correction, today it is in the range of US $ 1,913 / troy ounce. As a result, Antam’s gold was also corrected from the most expensive record in its history.
However, the correction in world gold still does not change analysts’ projections that the increase will continue to break new record highs.
Thus, Antam’s gold also has the opportunity to follow the world’s gold again to score the most expensive record in history.
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