Last: 
Today, the gold price for bullion from PT Aneka Tambang (Persero) Tbk, or Antam, on Wednesday morning (20/9/2023), decreased by IDR 1,000, bringing it to IDR 1,080,000 per gram. Previously, the Antam gold bullion price was at IDR 1,081,000 per gram.
Meanwhile, the buyback price for Antam's gold bullion today also dropped by IDR 1,000 to IDR 960,000 per gram, compared to the buyback price of IDR 961,000 per gram the previous Tuesday.
Here’s a table of gold prices in various gram sizes:
Today, on Wednesday (20/9/2023), the price of Antam gold at Pegadaian for the smallest size of 0.5 grams increased to IDR 606,000, rising by IDR 3,000 compared to the previous day (19/9).
On the other hand, the price for 24K gold at UBS for the smallest size of 0.5 grams at Pegadaian is IDR 563,000, up by IDR 2,000 from yesterday’s price.
The price for 24K Antam gold weighing 1 gram at Pegadaian is IDR 1,109,000, which is an increase of IDR 7,000 compared to yesterday's price.
Meanwhile, the price for 24K UBS gold at Pegadaian today is IDR 1,055,000, reflecting an increase of IDR 4,000 compared to the previous day’s price.
Pegadaian offers Antam and UBS bullion for sale in various weights, starting from the smallest at 0.5 grams to the largest at 1,000 grams.
Gold prices have declined ahead of the policy announcement by the U.S. central bank, the Federal Reserve (The Fed), today. On Tuesday's trading (19/9/2023), the spot gold price closed at USD 1,930.95 per troy ounce, down by 0.11%. This decline ended a positive trend in gold prices that had strengthened over the previous three days since last Thursday, with an increase of 1.04%.
However, today, gold prices are still experiencing a slight uptick. In trading on Wednesday (20/9/2023) at 06:51 WIB, gold prices strengthened by about 0.03%. However, gold prices are expected to be volatile ahead of important announcements from The Fed.
Inflation in the United States surged to 3.7% year-on-year (YoY) in August 2023, up from the previous month’s inflation rate of 3.2% YoY. This inflation rate is the highest in the last three months and nearly twice the target set by The Federal Reserve.
However, core inflation slowed as expected to 4.3% YoY compared to the previous month's rate of 4.7%.
The Producer Price Index (PPI) in August 2023 rose by 1.2% (YoY), exceeding market expectations of 1.2% and surpassing the previous month’s figure of 0.8%.
Wyckoff analysis indicates that the market is currently awaiting signals regarding the policies to be taken by The Federal Reserve, which may be communicated by Fed Chair Jerome Powell in a press conference today.
Stay updated with news about "today's gold prices" through Jurnal GIC daily to know the prices of all types of gold sold by various platforms. Also, trade on GICTrade using the ECN account below to enjoy trading with low spreads starting from zero!
