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Antam gold price stagnates at Rp 928,000 per gram

30 April 2020 12:06

JAKARTA - The price of gold at PT Aneka Tambang (Persero) Tbk (ANTM) stagnated at Rp 928,000 per gram on Wednesday (29/4). The buyback price of gold that day also stagnated at Rp 829,000 per gram.

The selling price, according to Antam, includes Article 22 of the Income Tax on gold bars of 0.45% for tax file number holders, while buyers that do not enclose their tax file numbers receive a 0.9% tax cut.

“Gold prices are supported by subpar economic data from the US and the world,” Valbury Asia Futures analyst Lukman Leong told CNN Indonesia.

Mr Leong said that gold prices can still increase on Thursday (29/4) due to investors starting to make high-risk investments in currencies. He also predicts that global gold prices today will be in the range of US$1,250 to US$15,475 per troy ounce.

On Wednesday, gold price at the COMEX Gold Futures rose 0.69% to US$1,725.2 per troy ounce, while gold price in the spot market fell 0.19% to US$1,710.13 per troy ounce this morning. (MS)

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