Jakarta, CNBC Indonesia – The price of precious metal gold produced by PT Aneka Tambang Tbk on Friday (24/11/2023) at the LM Graha Dipta Pulo Gadung gold boutique rose by IDR 10,000 to IDR 1,105,000 per gram.
Meanwhile the buyback price (the price used when selling gold again) also rose by IDR 10,000 to IDR 1,004,000 per gram.
“The resale price is the same for all denominations and years of production. For buyback transactions, please contact the nearest LM Gold Boutique with service hours on Monday-Friday working days. Payment is made by transfer on H+2 to H+3 (working days) “If the packaging is damaged or lost, a deduction will be charged in accordance with the applicable terms and conditions,” explained the statement on the Antam website.
The following is Antam’s gold price as of Friday (24/11/2023):
Antam’s gold price strengthened significantly in today’s trading in line with world gold which strengthened in yesterday’s trading.
In trading on Thursday (23/11/2023) the price of gold on the spot market closed up 0.10% at US$ 1,991.79 per troy ounce.
Gold prices strengthened in trading Thursday as the US dollar weakened, but investors remained largely sidelined in quiet trading due to uncertainty around the Fed’s interest rate path.
The driving force for the increase in gold prices included the decline in the 10-year US Treasury yield to 4.416% in yesterday’s trading from 4.418% in the previous day’s trading. Gold does not offer yields so the sloping US Treasury yields make gold more attractive.
Gold trading was relatively quiet yesterday as most US markets were closed for the Thanksgiving holiday.
Investors shifted expectations of interest rate cuts in 2024 after data on Wednesday showed the number of Americans filing new claims for unemployment benefits fell more than expected last week.
US unemployment claims fell by 24,000 to 209,000 in the week ending November 18 2023. This condition indicates that the labor market is still hot which could have an impact on the Fed’s policy.
CNBC INDONESIA RESEARCH
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