Price of gold today, May 21, 2024: Global Pact and Antam approach highs

Price of gold today, May 21, 2024: Global Pact and Antam approach highs
Price of gold today, May 21, 2024: Global Pact and Antam approach highs

Jakarta – The international price of gold rose slightly in operations on Tuesday, May 21, 2024, but is close to the all-time high reached in the previous session. This comes as recent economic data has fueled speculation that the United States will do the same. The Federal Reserve will begin cutting interest rates later this year.

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Report The economic times, gold prices rose 0.1 percent to $2,428.14 in mid-morning trading in London. It is known that the international price of gold reached an all-time high of 2,449.89 on Monday afternoon. Meanwhile, US gold futures fell 0.3 percent today to $2,431.80.

Data showed that US consumer prices rose less than expected in April, indicating that inflation resumed its downward trend and raising expectations of a rate cut in September.

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Gold projects are known as inflation hedges, but higher interest rates increase the opportunity cost of holding gold.

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  • BETWEEN PHOTO/Muhammad Adimacha

The price of gold traded during the morning at PT Aneka Tambang Tbk (Antam) was 1 million 350 thousand dollars per gram. The price fell by IDR 5,000 compared to afternoon trading on Monday, reaching its highest peak of IDR 1,363,000, when it was recorded as an increase of IDR 13,000.

Extract from Antam’s Precious Metals Processing and Processing Business Unit, Buyback Price or repurchase Gold is set at IDR 1,251,000 per gram. This is a slight decrease of IDR 5,000 per gram from the high of IDR 1,256,000 reached yesterday afternoon.

The price of gold is based on volume, that is, five grams sold at IDR 6.56 million, 10 grams at IDR 13.07 million, 25 grams at IDR 32.56 million and 50 grams at IDR 64.04 million IDR.

Next, 100 grams of gold is worth IDR 130.01 million, 250 grams of gold is worth IDR 324.76 million, and 500 grams of gold is worth $649.32 million. Furthermore, for the smallest and largest size of gold that Antam sold today, that is, 0.5 grams for IDR 729,000 and 1,000 grams for IDR 1,298.6 million.

For your information, the selling price of Antam gold does not include taxes. Gold sizes of 3 grams, 100 grams, 250 grams and 500 grams are not available at Logam Mulia Pulo Gadung Gold Shop today.

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Citing data from Antam Precious Metals Processing and Processing Department, the gold purchase price per gram was set at IDR 1,251,000. This is a slight decrease of IDR 5,000 per gram from the high of IDR 1,256,000 reached yesterday afternoon.

 
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