The price of the precious metal gold reference produced by PT Aneka Tambang Tbk (Antam) on Tuesday (9/6/2020) fell again even though only 0.12% or as much as Rp 1,000 to Rp 817,120 / gram from Monday’s trading at the level of Rp 818,120 / gram.
Earlier in Monday trading, Antam’s gold price was stagnant or 0.00% from Saturday’s price position of Rp 818,120 / gram.
Based on the recording of Logam Mulia price data at Antam’s Jakarta building at Antam’s logammulia site today, the price of each gram of Antam gold measuring 100 grams fell 0.12% to Rp 81.712 million from yesterday’s price of Rp 81.812 million per bar.
Antam gold, 100 gram pieces commonly used as a reference for gold transactions in general, not only Antam’s gold. Antam’s gold prices at other sales outlets can be different.
As for the specific price of 1 gram of Antam gold this Tuesday (9/6/2020) it dropped by Rp 1,000 to Rp 875,000 / gram after it was flat to Rp 876,000 / gram on Monday.
On the other hand, Antam’s gold buyback price today also dropped 0.13% or Rp 1,000 set at Rp 761,000 / gram, from yesterday’s position of Rp 762,000 / gram. The price indicates the purchase price Antam must pay if the owner of the certified gold bar wants to sell back the investment.
Antam Gold Price June 9, 2020
|Gram||Price per gram June 8 20 (Rp)||Price per gram June 9 20 (Rp)||Difference(%)||Price per stem June 9 20 (Rp)|
Table: Haryanto Source: Logammulia.com
Antam’s decline in gold prices due to investors’ appetite for risk appetite in the middle of new normal life is responding to reopening business activities, so that the economy can turn back after being suspended. When risk appetite is hunted down, safe havens such as gold as a hedge tend to be depressed.