Rancak Media – The price of Antam gold recorded a significant increase, soaring by Rp 40,000 to reach Rp 2,380,000 per gram during Tuesday’s (November 25) trading session. This marks a substantial jump compared to its previous price of Rp 2,340,000 per gram on Monday (November 23).
A similar upward trend was observed in the gold buyback price, which also rose by Rp 40,000, settling at Rp 2,241,000 per gram. This figure is higher than the previous buyback price, which stood at Rp 2,201,000 per gram.
Consequently, individuals looking to sell their gold collections can now do so at a price of Rp 2,241,000 per gram. This presents a highly profitable opportunity for owners of gold bars purchased around November 2022, or roughly three years ago. At that time, on November 26, 2022, the price of gold was significantly lower, at Rp 936,000 per gram.
To illustrate the potential gains, consider an individual who bought 5 grams of gold in 2022 for Rp 4,680,000. If sold today, that same amount would fetch Rp 11,205,000 (before taxes). This would result in a total profit of Rp 6,525,000 from the sale of 5 grams of Antam gold purchased in 2022, highlighting the lucrative nature of long-term gold investment.
Meanwhile, on the global stage, gold prices climbed by more than 1 percent, according to Reuters. This surge was primarily driven by growing expectations of a Federal Reserve interest rate cut next month, alongside anticipation for fresh U.S. economic data expected to provide further insights into monetary policy.
Spot gold prices saw a 1.2 percent increase, reaching USD 4,111.86 per troy ounce. Concurrently, U.S. gold futures for December delivery closed 0.4 percent higher, trading at USD 4,094.2 per troy ounce.
Investors are currently monitoring key economic data, including U.S. retail sales, unemployment claims, and producer price index figures, which have been delayed due to a government shutdown and are slated for release later this week. The prospect of an interest rate cut next month, however, remains uncertain.
Gold, being a non-yielding asset, traditionally performs well in environments characterized by low interest rates, as well as during periods of geopolitical and economic instability, making it a favored safe-haven asset.
Below are the detailed Antam gold prices for today, Monday (November 24), ranging from 0.5 gram to 1,000 grams, as listed at BELM – Setiabudi One, South Jakarta:
Harga emas 0,5 gram: Rp 1.240.000
Harga emas 1 gram: Rp 2.380.000
Harga emas 2 gram: Rp 4.710.000
Harga emas 3 gram: Rp 7.047.000
Harga emas 5 gram: Rp 11.715.000
Harga emas 10 gram: Rp 23.350.000
Harga emas 25 gram: Rp 58.210.000
Harga emas 50 gram: Rp 116.255.000
Harga emas 100 gram: Rp 232.360.000
Harga emas 250 gram: Rp 580.590.000
Harga emas 500 gram: Rp 1.160.900.000
Harga emas 1.000 gram: Rp 2.320.600.000
Summary
The price of Antam gold significantly increased by Rp 40,000 on November 25, reaching Rp 2,380,000 per gram from its previous price of Rp 2,340,000. The gold buyback price also saw a Rp 40,000 rise, settling at Rp 2,241,000 per gram. This presents a profitable opportunity for investors, particularly those who acquired gold around November 2022 when prices were considerably lower.
Globally, gold prices climbed over 1 percent, with spot gold reaching USD 4,111.86 per troy ounce and U.S. gold futures closing at USD 4,094.2 per troy ounce. This global surge is largely driven by expectations of a Federal Reserve interest rate cut and anticipation of upcoming U.S. economic data. Gold typically performs well in low interest rate conditions and during periods of instability, reinforcing its status as a favored safe-haven asset.
