Jakarta, CNBC Indonesia –The price of gold bullion sold at PT Pegadaian fell in trading today, Wednesday (10/4/2024).
Pegadaian itself sells various types of gold, namely Antam and UBS gold. The sizes are sold in various sizes, ranging from 0.5 grams to 1,000 grams.
In today's trading, the price of 1 gram of Antam gold was recorded at 1,329,000, an increase of IDR 17,000 per gram. The average Antam gold price in various sizes was leveraged by 1.36% compared to yesterday's trading. This gold is available in sizes/units of 0.5 grams to 1,000 grams.
UBS issued by PT Untung Bersama Sejahtera costs IDR 1,218,000 per gram, an increase of IDR 20,000. The average price of gold in various units flies by 1.5%. UBS gold itself is available in complete sizes ranging from 0.5 grams to 500 grams.
The price of gold at Pegadaian recorded an increase after world gold set another record.
Based on data Refinitiv The world gold price on the spot market closed at US$2,352.58/troy ounce, up 0.59% compared to the previous day at the close of trading on Tuesday.
“Technical buying momentum will continue in the gold market unless the CPI data comes out higher than expected. A cooler inflation report could take prices to U$2,400,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
The minutes of the US central bank's policy meeting and US Consumer Price Index (CPI) data will be released today.
Gold bullion is considered a hedge against inflation and geopolitical uncertainty, but higher interest rates tend to reduce the appeal of holding non-yielding assets.
CNBC INDONESIA RESEARCH
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