The price of Antam gold experienced a slight dip, registering a decrease of Rp 2,000 per gram to settle at Rp 2,378,000 on Wednesday, November 26. This current Antam gold price marks a minor decline from its previous valuation of Rp 2,380,000 per gram recorded on Tuesday, November 25.
Mirroring this trend, the buyback price for Antam gold also saw a marginal reduction, falling by Rp 2,000 to Rp 2,239,000 per gram. This figure is slightly lower than the previous buyback rate, which stood at Rp 2,241,000 per gram.
Consequently, individuals looking to sell their gold collections today would receive Rp 2,239,000 per gram. For those who acquired Antam gold bars since November 2022, or roughly three years ago, the current selling price presents a highly profitable opportunity. This significant gain is due to the fact that on November 26, 2022, the Antam gold price was considerably lower, at just Rp 936,000 per gram.
To illustrate this potential return, consider an investment of 5 grams of Antam gold purchased for Rp 4,680,000 in 2022. If sold today, that same amount would fetch Rp 11,195,000 (pre-tax), resulting in an impressive total profit of Rp 6,515,000 from the sale of those 5 grams of Antam gold from 2022.
Meanwhile, turning our attention to the global market, world gold prices remained stable on Tuesday, according to Reuters. This stability was primarily influenced by weaker-than-expected retail sales data from the United States, which further solidified traders’ expectations for a Federal Reserve interest rate cut in December.
Despite earlier reaching its highest level since November 14 and climbing by nearly 2 percent, global gold remained relatively stagnant at USD 4,139.79 per troy ounce. This occurred after several U.S. central bank policymakers hinted at their support for a third interest rate cut this year during their December 9-10 meeting.
Futures for U.S. gold, slated for December delivery, closed 1.1 percent higher, settling at USD 4,140 per troy ounce. Market analysts currently estimate an 85 percent probability that the Federal Reserve will implement an interest rate cut next month.
As a non-yielding asset, gold typically performs strongly in environments characterized by low interest rates, as well as during periods of heightened geopolitical and economic instability. This makes it an attractive safe-haven investment.
For those interested in the current market, here is a detailed breakdown of Antam gold prices today, Wednesday, November 26, for various denominations ranging from 0.5 gram to 1,000 grams, available at BELM – Setiabudi One, South Jakarta:
* 0.5 gram: Rp1,239,000.
* 1 gram: Rp2,378,000.
* 2 grams: Rp4,696,000.
* 3 grams: Rp7,019,000.
* 5 grams: Rp11,665,000.
* 10 grams: Rp23,275,000.
* 25 grams: Rp58,062,000.
* 50 grams: Rp116,045,000.
* 100 grams: Rp232,012,000.
* 250 grams: Rp579,765,000.
* 500 grams: Rp1,159,320,000.
* 1,000 grams: Rp2,318,600,000.
Summary
The price of Antam gold decreased by Rp 2,000 per gram on Wednesday, November 26, settling at Rp 2,378,000 per gram. The buyback price also saw a marginal reduction of Rp 2,000, reaching Rp 2,239,000 per gram. This current selling price offers a highly profitable opportunity for those who acquired Antam gold bars around November 2022, as the price has significantly increased from Rp 936,000 per gram.
Globally, gold prices remained stable on Tuesday, influenced by weaker-than-expected U.S. retail sales data. This data reinforced expectations for a Federal Reserve interest rate cut in December, with market analysts estimating an an 85% probability. Gold typically thrives in environments of low interest rates and economic instability, acting as a safe-haven investment.
