Gold Shines Again in Jakarta as Antam Prices Climb
Jakarta. Gold prices climbed again on Thursday, with the benchmark 1-gram bar up Rp 21,000 to Rp 2.364 million ($141.31), according to Logam Mulia.
The buyback price also advanced Rp 21,000 to Rp 2.225 million per gram.
The metal remains just below its all-time high of Rp 2.487 million per gram set on Tuesday.
Antam Gold Price (Thursday, Nov. 20):
- 0,5 gram: Rp 1,232,000
- 1 gram: Rp 2,364,000
- 2 gram: Rp 4,668,000
- 3 gram: Rp 6,977,000
- 5 gram: Rp 11,595,000
- 10 gram: Rp 23,135,000
- 25 gram: Rp 57,712,000
- 50 gram: Rp 115,345,000
- 100 gram: Rp 230,612,000
- 250 gram: Rp 576,265,000
- 500 gram Rp 1,152,320,000
- 1.000 gram: Rp 2,304,600,000
In global trade, spot gold touched $4,075.95 per ounce as of Nov. 19 at 10:17 NY time, up 10.14 points or 0.25 percent, based on goldprice.org data.
Investors are now pricing only a 30 percent chance of a December rate cut, according to CME FedWatch. US President Donald Trump again criticized Federal Reserve Chair Jerome Powell for moving “too slowly” in easing policy.
Gold, which offers no yield, typically gains appeal when interest rates fall or uncertainty rises. Traders are waiting for the delayed September US jobs report, pushed to Thursday due to the government shutdown. The Labor Statistics Bureau confirmed the October report will not be released, as the shutdown halted household survey collection.
Data earlier this week showed US jobless benefit recipients hit a two-month high in mid-October.
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