Antam's gold price increased on Thursday (6/20) (Credit : CNBC Indonesia)

Hooray! Antam's gold price has risen again

Siti Fatimah Adri
Market & Investment
Market Trending
Jun 20, 2019
2707
The gold price of PT Aneka Tambang Tbk or Antam on Thursday (6/20) increased by Rp10.000 to Rp. 694.000 per gram. Previously, this precious metal was sold at Rp. 68.000 per gram on Wednesday (6/19).

The increase in Antam's gold price was due to the weakening of US dollar (US) related to the potential decline in the benchmark interest rate. In addition, increase in Antam's gold price was also in line with the increase of gold prices in global spot market on Wednesday (6/19).

Quoting from Reuters, on Thursday (6/20) global gold prices rose on Wednesday (19/6) US time, after the US central bank Federal Reserve signaled a decline in interest rates later this year to respond to rising global economic uncertainty and rising inflation rates. The Fed itself maintains their benchmark interest rate in the range of 2.25 percent-2.5 percent at the open federal market committee meeting (FOMC).

The price of gold in the spot market rose 0.3 percent to US $ 1,349.40 per ounce. While US gold futures edged down by 0.1 percent to the position of US $ 1,348.8 per ounce.

Meanwhile, Antam’s buyback price or gold buyback today is at the level of Rp 622,000 / gram. This buyback price means that if you want to sell gold, Antam will buy it at that price. This price includes 22 PPh of 0.9%. You can get a lower tax deduction of 0.45% by bringing a tax ID when making a transaction.

Previously, on Antam’s logammulia site Wednesday (6/19), the price of each gram of gold in Antam’s size of 100 grams rose to Rp. 63.5 million from yesterday’s Rp. 63 million per stick.

Antam’s 100 gram gold is usually used as a reference for gold transactions in general, not only Antam’s gold.

Source: https://finance.detik.com/berita-ekonomi-bisnis/d-4593084/harga-emas-moncer-hari-ini-antam-jual-rp-694000gram