Pegadaian Gold Prices Move Mixedly, Confused About The Fed’s Direction? My Money – 3 hours ago

Jakarta, CNBC Indonesia – The price of gold bullion sold at PT Pegadaian varies in trading today, Saturday (11/11/2023).

The weakening occurred as world gold prices began to be corrected again due to the statement by the chairman of the United States Central Bank (Federal Reserve/The Fed), Jerome Powell, which made it possible to tighten interest rates again. On the other hand, the strengthening of gold prices was caused by expectations of the Fed softening due to labor data which was getting worse and threatening the economy.

The Fed, as the center of the world economy, with the strength of its US dollar currency, is the reference for monetary policy for central banks throughout the world, including Indonesia.

Pegadaian itself sells various types of gold, namely Antam gold, Antam Retro and UBS. 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 is priced at IDR 1,120,000, an increase of IDR 5,000 per gram. This gold is available in sizes/units of 0.5 grams to 1,000 grams.

Meanwhile, the price of 1 gram of Antam Retro gold is IDR 1,092,000, an increase of IDR 6,000. Antam Retro is old packaged gold where the gold pieces and certificate are separate. Antam Retro Gold was last produced in 2018, and is available in units ranging from 0.5 grams to 100 grams.

Then there is the Antam Batik type of gold which is priced at IDR 1,274,000 per gram. This type of gold experienced a price decrease of IDR 2,000.

UBS issued by PT Untung Bersama Sejahtera costs IDR 1,086,000 per gram, a decrease of IDR 3,000 per gram. The complete range of UBS gold available ranges from 0.5 grams to 1,000 grams.

Gold bullion or precious metals are a means of storing things that are quite safe and easy to melt. The precious metal contains 24 carats with the highest level of gold purity and no mixture of other metals.

Moreover, the shape does not have to be intact or perfect, even if you note it, the value will not be much different because what you are looking at is the content of the precious metal and its weight. This is different with watches, for example, or electronic equipment. Apart from that, the value of jewelry and precious metals will be higher and more stable than other items.


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