Jakarta, CNBC Indonesia – The price of Precious Metal gold produced by PT Aneka Tambang Tbk on Saturday (9/3/2024) at the LM Graha Dipta Pulo Gadung gold boutique increased by IDR 4,000 to IDR 1,208,000. As well as setting an all-time high record.

Today's record surpassed the previous highest record on Friday where Antam gold closed at IDR 1,204,000 per gram. With today's record, the price of gold has set a record for five consecutive days.

Likewise with prices buyback (the price used when reselling gold) rose IDR 4,000 compared to the previous day to IDR 1,101,000 per gram.

The skyrocketing world gold price has driven the world gold price to reach its highest price. It has been recorded that in a week, Antam's gold price has strengthened for 5 consecutive days, and every day it always sets a record.

The world gold price last Friday (8/3/2024) broke another record at US$ 2,177.51 per troy ounce.

World gold prices managed to soar, driven by increasing speculation about monetary easing in the United States (US), adding to the ongoing boost to gold bullion from central bank purchases and safe-haven demand.

Chairman of the US central bank The Federal Reserve (The Fed) Jerome Powell said the Fed was “not far” from gaining enough confidence that inflation was heading towards the 2% target set by the Fed to be able to start lowering interest rates.

According to the CME's Fedwatch Tool, market players currently estimate a 74% chance of a rate cut in June, compared to around 63% on February 29.

Below are details of Antam's gold price today, Saturday (9/3/2024):

CNBC INDONESIA RESEARCH

[Gambas:Video CNBC]

(tsn/tsn)