Rancak Media – On Friday, November 7th, the price of Antam gold experienced a modest increase, climbing by Rp 9,000 to reach Rp 2,296,000 per gram. This upward movement reflects a rise from its previous trading value on Thursday, November 6th, when it was priced at Rp 2,287,000 per gram.
The positive trend also extended to the buyback price, which similarly increased by Rp 9,000, settling at Rp 2,161,000 per gram. This figure represents an improvement over the earlier buyback rate of Rp 2,152,000 per gram, offering a more favorable return for sellers.
Consequently, individuals looking to sell their gold collections can now do so at a price of Rp 2,161,000 per gram. For those who acquired their gold bars around November 2022, or roughly a year ago, the current selling price presents a highly profitable opportunity. At that time, on November 26, 2022, gold was valued significantly lower at Rp 936,000 per gram.
7 Signs Children See Their Parents as a Burden, One of Them Rarely Initiating Contact
To illustrate this profitability, consider an investor who purchased 5 grams of Antam gold in November 2022 for Rp 4,680,000. If sold today, that same quantity would fetch an impressive Rp 10,805,000 (before taxes). This translates to a substantial total profit of Rp 6,125,000 from the sale of 5 grams of Antam gold bought in 2022, highlighting the lucrative nature of gold as a long-term investment.
Meanwhile, the global gold market also witnessed a slight uptick, as reported by Reuters. This increase was primarily driven by a weakening U.S. dollar and a resurgence in demand for safe-haven assets. Concerns over a potentially prolonged U.S. government shutdown and ongoing uncertainties surrounding tariff legality contributed to this renewed interest in gold.
Spot gold prices saw a 0.2 percent rise, reaching USD 3,989.91 per troy ounce, while U.S. gold futures for December delivery closed marginally changed at USD 3,991. The U.S. Dollar Index (.DXY) declined by 0.5 percent after hitting a four-month high in the preceding session, making gold more affordable for international buyers. Analysts predict a strong finish for world gold prices this year, targeting a range of USD 4,300 to USD 4,400 per ounce. The U.S. Federal Reserve has already cut interest rates twice this year, with market sentiment indicating a 72 percent probability of another rate cut in December.
Gold has historically been regarded as a reliable hedge against economic uncertainty. Furthermore, this non-yielding asset tends to perform favorably in environments characterized by low interest rates, enhancing its appeal to investors seeking stability and value preservation.
Below is a detailed breakdown of Antam gold prices today, Friday, November 7th, ranging from 0.5 grams to 1,000 grams, available at BELM – Setiabudi One, South Jakarta:
Harga emas 0,5 gram: Rp 1.198.000
Harga emas 1 gram: Rp 2.296.000
Harga emas 2 gram: Rp 4.542.000
Harga emas 3 gram: Rp 6.795.000
Harga emas 5 gram: Rp 11.295.000
Harga emas 10 gram: Rp 22.510.000
Harga emas 25 gram: Rp 56.110.000
Harga emas 50 gram: Rp 112.055.000
Harga emas 100 gram: Rp 223.960.000
Harga emas 250 gram: Rp 559.590.000
Harga emas 500 gram: Rp 1.118.900.000
Harga emas 1.000 gram: Rp 2.236.600.000
Summary
On Friday, November 7th, Antam gold prices saw an increase of Rp 9,000, reaching Rp 2,296,000 per gram. The buyback price also rose by Rp 9,000, settling at Rp 2,161,000 per gram. This presented a profitable opportunity for sellers, especially those who acquired gold around November 2022 when prices were significantly lower, potentially yielding substantial gains for long-term investors.
Globally, gold prices experienced a slight uptick, primarily driven by a weakening U.S. dollar and increased demand for safe-haven assets amid concerns like a potential U.S. government shutdown. Spot gold prices rose by 0.2 percent to USD 3,989.91 per troy ounce. Analysts predict world gold prices could climb to USD 4,300-USD 4,400 per ounce by year-end, supported by anticipated interest rate cuts from the U.S. Federal Reserve.
