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As with previous trading sessions, today’s gold prices reported an increase from PT Aneka Tambang Tbk (Antam). According to information from the official Pegadaian gold website, the price of Antam gold reached IDR 1,104,000 per gram, an increase of IDR 7,000 compared to the previous price.
Antam’s gold in the smallest variant, which is half a gram, is offered at a price of IDR 604,000. For those interested in investing in Antam gold in 5-gram and 10-gram sizes, prospective buyers can allocate funds of IDR 5,289,000 and IDR 10,522,000, respectively.
Meanwhile, gold produced by PT Untung Bersama Sejahtera (UBS) also experienced a similar situation. Referring to the same source, it was reported that UBS precious metal is sold at IDR 1,049,000 per gram. Compared to the previous trading transactions, there was an increase of IDR 5,000.
As additional information, UBS gold in the 100-gram form is priced at IDR 101,857,000. Meanwhile, the heaviest UBS gold, weighing 500 grams, can be obtained for IDR 508,533,000 in today’s trading session.
Here is the price table for today's gold from Antam production at Pegadaian:
The closing price of gold in the spot market on Wednesday (August 30, 2023) was around US$1,942.24 per troy ounce, marking an increase of 0.26% from the previous value.
This closing price is the highest since August 1, 2023, representing an upward trend over the past three weeks. The strengthening of gold follows a positive trend that has occurred in the previous two days, during which gold prices increased by 1.45%.
Gold continued to show strength today. On Thursday (August 31, 2023), at 06:13 WIB, gold was trading at US$1,944.16 per troy ounce, up by 0.1%.
The significant increase in gold prices follows several U.S. economic indicators indicating a slowdown. This is evident from the ADP labor report, economic growth, and JOLTS data.
The ADP payroll data revealed that the private sector added 177,000 jobs in August, significantly below the revised July figure of 371,000. This result also does not align with Dow Jones' predictions, which previously estimated an addition of around 200,000 jobs.
The National ADP Labor Report measures the number of workers in the private sector outside of agriculture.
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