Jakarta, CNBC Indonesia – The price of Precious Metals gold produced by PT Aneka Tambang Tbk on Tuesday (22/8/2023) at the LM Graha Dipta Pulo Gadung gold boutique rose by IDR 1,000 to IDR 1,058,000 per gram.
While the price buyback (the price used when selling gold again) also rose by IDR 1,000 to IDR 937,000 per gram.
“The resale price is the same for all fractions and the year of production. For buyback transactions, please contact the nearest LM Gold Boutique with service hours on Monday-Friday weekdays. Payments are made by transfer on H+2 to H+3 (weekdays) “If the packaging is damaged or lost, it will be deducted according to the terms and conditions that apply,” explained the statement on Antam’s website.
The following is Antam’s gold price as of Tuesday (22/8/2023):
The strengthening of Antam’s gold price was influenced by the increase in world gold prices on the spot market. On Monday’s trade (21/8/2023) the world gold price closed at US$ 1,893.95 per troy ounce. The price strengthened 0.30%.
The strengthening of gold is good news after gold was battered last week.Analyst from KITco,Jim Wyckoff, explained that the strengthening of gold indicates that investors’ interest in buying the precious metal has not faded.However, investors are still hesitant to buy gold because there is potential for an increasecentral bank of the United States (US) The Federal Reserve (The Fed).
According to him, investors prefer to wait for the statement of the Fed Chairman Jerome Powell later this week.Powell, will attend the three-day Jackson Hole Economic Symposium, in Wyoming, hosted annually by the Kansas City-area Fed since 1981.
Powell will deliver a speech on the economic outlook on Friday (25/8) in Jackson Hole.
He will provide his latest views on whether more policy tightening is needed to bring down inflation amid very strong economic growth, or start considering keeping interest rates on hold.
CNBC INDONESIA RESEARCH
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