Gold Price Drops for Third Straight Day
Jakarta. Gold prices from state-run miner Aneka Tambang (Antam) extended their decline on Thursday, falling for the third consecutive session amid weaker global bullion prices.
According to data from Logam Mulia, Antam’s gold price dropped another Rp 4,000 to Rp 2,263,000 ($136) per gram, following a Rp 15,000 fall on Wednesday and a sharp Rp 45,000 drop on Tuesday morning.
Antam’s gold previously hit an all-time high of Rp 2,487,000 per gram on Oct. 21, before entering a correction phase this week.
The buyback price, the rate at which Antam repurchases gold from customers, also slipped Rp 4,000 to Rp 2,128,000 per gram on Thursday.
According to GoldPrice.org, as of Oct. 29 at 10:46 p.m. New York time, the global gold price stood at $3,933.7 per ounce, down 33.17 points or 0.84 percent.
Antam Gold Price (Thursday, Oct. 30):
- 0,5 gram: Rp 1,181,500
- 1 gram: Rp 2,263,000
- 2 gram: Rp 4,476,000
- 3 gram: Rp 6,696,000
- 5 gram: Rp 11,130,000
- 10 gram: Rp 22,180,000
- 25 gram: Rp 55,285,000
- 50 gram: Rp 110,405,000
- 100 gram: Rp 220,660,000
- 250 gram: Rp 551,340,000
- 500 gram: Rp 1,102,400,000
- 1.000 gram: Rp 2,203,600,000
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