Today's gold prices are reported to have weakened compared to previous trading sessions. At the beginning of August 2023, the precious metal Antam has not shown any gains for gold traders.

The price of gold for 1 gram has dropped significantly by Rp7,000 to Rp1,071,000. Meanwhile, the price for 2 grams has fallen to Rp1,041,000.

A similar decline is seen in the buyback price of pure gold, which has also plummeted by Rp7,000 to Rp950,000 per gram. This price decrease has yet to be leveraged by gold traders today.

Gold Price Today

Gram

Antam Building Jakarta

Pawnshop

per Gram (Rp)

per Bar (Rp)

per Gram (Rp)

per Bar (Rp)

1000

1.012 (-7)

1.011.600 (-7.000)

1.036.890 (-4.100)

1.036.890.000 (-4.100.000)

500

2.023 (-14)

1.011.640 (-7.000)

1.036.932 (-4.100)

518.466.000 (-2.050.000)

250

4.048 (-28)

1.012.060 (-7.000)

1.037.364 (-4.100)

259.341.000 (-1.025.000)

100

10.131 (-70)

1.013.120 (-7.000)

1.038.450 (-4.100)

103.845.000 (-410.000)

50

20.278 (-140)

1.013.900 (-7.000)

1.039.260 (-4.100)

51.963.000 (-205.000)

25

40.619 (-280)

1.015.480 (-7.000)

1.040.880 (-4.120)

26.022.000 (-103.000)

10

102.050 (-700)

1.020.500 (-7.000)

1.046.100 (-4.100)

10.461.000 (-41.000)

5

205.200 (-1.400)

1.026.000 (-7.000)

1.051.800 (-4.000)

5.259.000 (-20.000)

3

344.222 (-2.333)

1.032.667 (-7.000)

1.058.667 (-4.000)

3.176.000 (-12.000)

2

520.500 (-3.500)

1.041.000 (-7.000)

1.067.500 (-4.000)

2.135.000 (-8.000)

1

1.071.000 (-7.000)

1.071.000 (-7.000)

1.098.000 (-4.000)

1.098.000 (-4.000)

0.5

2.342.000 (-14.000)

1.171.000 (-7.000)

1.202.000 (-4.000)

601.000 (-2.000)

 

Update on Antam's gold prices: August 2, 2023, at 08:05 AM
Buyback price: Rp. 950,000/gram (-7,000)

Update on Pegadaian gold prices: July 30, 2023

The details of the gold prices above are from harga-emas.org, showing that gold bullion prices dropped uniformly by Rp7,000. From weights of 1 gram to 1,000 grams, today’s trading is still considered a loss for traders.

The standard 0.5-gram size has fallen by Rp14,000 to Rp2,342,000. The 2-gram weight has decreased by Rp3,500 to Rp520,500.

In addition to the plummeting prices of gold bullion, global gold prices have risen by 5.61% per troy ounce to US$1,948.

This increase is due to the rise in the US dollar index (DXY), making gold more expensive for holders of other currencies, leading to a less favorable demand outlook for the time being.

On the other hand, the negative impact on gold prices is also caused by the rising yield of US Treasuries. The yields are viewed as a safe haven, making gold less appealing since it does not provide a yield.

In other words, as US government bond yields rise, the attractiveness of gold diminishes, leading investors to prefer higher yielding investments over gold directly.

Keep updated on "today's gold prices" through the GIC Journal daily to find out the prices of all types of gold sold by various other platforms. Also, trade on GICTrade using the ECN account below to enjoy trading with low spreads starting from zero!