Jakarta –
It is expected that gold prices will continue to rise significantly. Domestically, the price of gold is expected to reach IDR 1.4 million per gram in late April and May. Therefore, people are advised not to sell gold until the right time.
The director of PT Laba Forexindo Berjangka, Ibrahim Assuaibi, explained that the conflict between Iran and Israel caused gold prices and oil prices to skyrocket. He expects that the global gold price could reach $ 2,500 per troy ounce or Rp.
“If you calculate to grams, divide it by 31.1 troy ounces to grams, multiply it by the rupiah which is around IDR 16,100, plus costs and taxes IDR 100,000, the amount, if not I’m not wrong, about 1.4 million. per gram detikcomSaturday (20/4/2024).
Ibrahim advised investors not to sell gold immediately amid the ongoing upward trend in prices. According to him, the best time to sell gold is when the product reaches its highest price, which is US$ 2,500 per troy ounce.
“I’m optimistic that 2,500 per ounce will happen in April or May. That’s the peak. So be patient and hold on to the gold, hold on,” he said.
At the same time, for new investors, it is recommended not to buy gold now because the purchase price is very expensive. Ibrahim said that gold can be bought when the price of gold is corrected.
“If you buy gold now, you will lose money because the price is too expensive. Later, when the price is corrected, you will buy again. But for those who have the price of gold, it is now is the time to be patient and wait for profit,” he continued.
Three dollars, money market observer Ariston Tjendra, advised investors to refrain from selling gold until the global gold price reaches the range of $2,500 per troy ounce. Because market players are still paying attention to the conflict between Iran and Israel.
“If the reaction gets hotter, the price of gold will still have a chance to rise, perhaps to $2,500 per troy ounce for international gold prices. And the rupiah could weaken again against the US dollar. The price of LM Antam Gold will also rise again, possibly to a range of 1,450 million rupiah per gram,” he said.
On the other hand, he advised people not to buy gold amid the current high prices. For those who already own gold, it is also recommended to hold gold for the long term, or sell it to make a profit.
“We still don’t know if this conflict will last a long time or if it will subside quickly. If it goes down quickly, the price of gold could also drop immediately. So for people who just want to buy, it is better to wait For a better price for those who “You can keep it for a longer period of time or you can also sell it to make a profit,” he concluded.
(fdl/fdl)
2024-04-20 10:30:53
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