Announcement! Pegadaian Gold Prices Rise Again to This My Money – 3 days ago

Jakarta, CNBC Indonesia – The price of gold bullion sold at PT Pegadaian was observed to increase again on Sunday (10/3/2024).

Pegadaian itself sells various types of gold, namely Antam gold, Antam Retro, Antam Batik and UBS. The sizes are sold in various sizes, ranging from 0.5 grams to 1,000 grams.

According to data from the official Pegadaian website today, the price of 1 gram of Antam gold is IDR 1,239,000, an increase of IDR 4,000 from trading the day before.

Meanwhile, the price of UBS gold issued by PT Untung Bersama Sejahtera, where the price for 1 gram today reached IDR 1,211,000, has increased by IDR 7,000. UBS gold is available in sizes from 0.5 grams to 500 grams.

Following are the prices for standard Antam gold, Antam Retro and UBS gold today.

Movements in the price of gold sold at Pegadaian are influenced by the dynamics of world gold prices.

The world gold price on Friday (8/3/2024) broke the record again at US$ 2,177.51 per troy ounce. This record for gold throughout history has been set for six consecutive days.

The first record was broken since Friday (1/3/2024) last week where global gold jumped to 2083.39, replacing the previous record which occurred on December 27 2023, namely US$ 2,077.16 per troy ounce.

The strengthening of gold prices driven by increasing speculation of monetary easing in the United States (US) added 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 CME's FedWatch Tool, market players currently estimate a 74% chance of a rate cut in June, compared to around 63% on February 29.

[Gambas:Video CNBC]

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