Gold prices for global trading have seen a significant decline ahead of the U.S. inflation data announcement today. On Wednesday (August 9, 2023), gold closed at $1,914.59 per troy ounce.

This marks a decrease of 0.53%, representing the lowest closing level since July 6 of this year, or over a month ago.

This decline has resulted in gold prices weakening for three consecutive days, with a total drop of 1.39% over that period.

Gold Price Today

The continuous weakening of gold prices is concerning, as there is a possibility that prices could fall below the $1,900 level, given that they are currently near that lower boundary, specifically below $1,900 per troy ounce.

However, this morning, gold prices began to show signs of recovery. On Thursday (August 10, 2023), at 06:15 WIB, spot gold prices strengthened to $1,916.13, an increase of 0.08%.

Gold prices have fallen amid market uncertainty while waiting for the announcement of U.S. inflation data for July today, or Thursday evening in Indonesia. Market participants estimate that the inflation rate will reach 0.2% (month-on-month/mom) and 3.3% (year-on-year/yoy) for July.

In other words, the annual inflation rate is predicted to be higher. This situation raises concerns in the market, as an increase in inflation could prompt the U.S. central bank, the Federal Reserve (The Fed), to maintain a tighter (hawkish) policy stance.

Aside from the improving global gold prices today, the price of Antam gold has actually dropped. The selling price of Antam gold today from the official platform of PT Aneka Tambang Tbk decreased slightly by Rp2,000 per gram.

The price of gold per gram today is Rp1,064,000, down from the previous price of Rp1,066,000. Meanwhile, the buyback price of Antam gold today also experienced the same decrease of Rp2,000 per gram, bringing it to Rp943,000.

Gram

Antam Building Jakarta

Pawnshop

per Gram (Rp)

per Bar (Rp)

per Gram (Rp)

per Bar (Rp)

1000

1.005 (-2)

1.004.600 (-2.000)

1.035.865 (-4.100)

1.035.865.000 (-4.100.000)

500

2.009 (-4)

1.004.640 (-2.000)

1.035.906 (-4.100)

517.953.000 (-2.050.000)

250

4.020 (-8)

1.005.060 (-2.000)

1.036.340 (-4.100)

259.085.000 (-1.025.000)

100

10.061 (-20)

1.006.120 (-2.000)

1.037.430 (-4.100)

103.743.000 (-410.000)

50

20.138 (-40)

1.006.900 (-2.000)

1.038.240 (-4.100)

51.912.000 (-205.000)

25

40.339 (-80)

1.008.480 (-2.000)

1.039.880 (-4.080)

25.997.000 (-102.000)

10

101.350 (-200)

1.013.500 (-2.000)

1.045.000 (-4.100)

10.450.000 (-41.000)

5

203.800 (-400)

1.019.000 (-2.000)

1.050.800 (-4.000)

5.254.000 (-20.000)

3

341.889 (-667)

1.025.667 (-2.000)

1.057.667 (-4.000)

3.173.000 (-12.000)

2

517.000 (-1.000)

1.034.000 (-2.000)

1.066.000 (-4.500)

2.132.000 (-9.000)

1

1.064.000 (-2.000)

1.064.000 (-2.000)

1.097.000 (-4.000)

1.097.000 (-4.000)

0.5

2.328.000 (-4.000)

1.164.000 (-2.000)

1.200.000 (-4.000)

600.000 (-2.000)

 

Antam LM price update: August 10, 2023, at 08:13
Buyback price: Rp. 943,000/gram (-2,000)

Pegadaian LM price update: August 9, 2023

For today's Antam gold trading, the gold bars have dropped by Rp2,000. This follows a larger decline of Rp4,000 yesterday.

Keep updated on "today's gold prices" through the GIC Journal daily to find out the prices of various types of gold sold by different platforms. You can also trade Forex and commodities on GICTrade using the ECN account below to enjoy trading with low spreads starting from zero!