Comparing Gold Prices in a Year, How Much Does It Increase? Page all

JAKARTA, KOMPAS.com – Since long time ago, gold has become one of the favorites to save assets and investment facilities. This gold value tends to continue to increase. Sometimes gold has decreased, although that rarely happens compared to the increase.

Gold, especially gold bar, is precious metals which has real value. Another with paper money which tends to fall every year because of inflation.

One of the gold bars circulating in Indonesia and the demand is always high, i.e. gold Antam. The price of gold produced by the Business Unit Precious Metals Antam also tends to continue to increase.

For example, as quoted from the official website of Precious Metals, Antam’s gold price Rp. 997,000 per gram per position on Monday, July 27, 2020. Or nearly Rp. 1,000,000 per gram.

Also read: 5 Benefits of Having Gold Bar Savings

This is the highest level during Antam gold trading. The figure is up Rp 8,000 when compared with the price of gold on Saturday (7/25/2020).

Meanwhile, price buyback or the price obtained if Antam’s gold holder wants to sell the gold bar at Rp 997,000 per one gram.

For the record, Antam’s gold price applies at the Antog Pulogadung office, Jakarta. While at other Antam gold sales outlets, it can be different.

Following are the details of Antam’s gold price on Monday (7/27/2020):

Also read: What’s the Difference between Antam’s Gold Bars and UBS?

• 0.5 gram fraction Rp. 528,500
• Fraction of 1 gram IDR 997,000
• 2 gram fraction Rp. 1,934,000
• 3 gram fraction Rp. 2,875,000
• 5 gram fraction Rp.4765,000
• The 10 gram fraction is Rp 9,465,000
• The 25 gram fraction is Rp 23,537,000
• 50 gram fraction of IDR 46,995,000
• 100 gram fraction of Rp. 93,912,000
• 250 gram fraction Rp 234,515,000
• 500 gram fraction of IDR 468,820,000
• 1,000 gram fraction of Rp. 937,600,000

As a comparison, Antam’s gold price was exactly a year ago or July 26, 2019, which is the last closing price at Antam. The price of gold for the 1 gram fraction is sold at Rp 702,000.

At that time, Antam set prices buyback the gold it produces is priced at Rp 631,000 per gram. This means that the price increase compared to last year is quite fantastic.

Also read: Details of the Latest 24 Carat Gold Bar Prices in Pegadaian

Following are the details of Antam’s gold price on July 26, 2019:

• 0.5 gram fraction of Rp. 375,000
• Fraction of 1 gram of Rp. 702,000
• The fraction of 2 grams is Rp 1,353,000
• Fraction of 3 grams Rp. 2,008,000
• 5 gram fraction Rp.3.33 million
• The 10 gram fraction is IDR 6,595,000
• The fraction of 25 grams is Rp 16,380,000
• The 50 gram fraction is Rp 32,685,000
• The 100 gram fraction is Rp. 65,300,000
• 250 gram fraction Rp 163,000,000
• 500 gram fraction Rp 325,800,000
• 1,000 gram fraction of Rp. 651,600,000

Why does the price of gold always go up every year?

Safe haven is an asset investment whose value can survive and even continue to increase amid market turmoil. Some time for example the price of gold jumped sharply.

Many investors in the world think of putting their investments in the market, but keep some of their assets in the form of precious metals to avoid losing too much in the event of a market downturn.

That is, although fortunately is relatively small, gold is used as a reserve so that assets are not really eroded by world financial turmoil.

Also read: Which is More Profitable, Gold Bar Investment or Gold Producer Shares?

The increase in the value of gold itself in the eyes of investors is not more because it is considered a profit, but to protect their assets from scouring inflation for a long time.

Gold is likened to insurance for some investors. When the situation is considered to get worse, many investors will pile up more gold which makes the price soar in times of crisis.

This is because the value of gold is not affected by interest rate policies and other monetary and fiscal policies of the central bank and the government. This is inversely proportional to the portfolio in the form of stocks and bonds.

That said, the price of gold will actually rise when responding to market instability. Safe heaven is sought after by investors to prevent them from losses when a financial crisis occurs.

Also read: 10 of the World’s Largest Gold Producing Countries, RI in Which Order?

That is why, gold prices actually soared when the world economy was filled with uncertainty. Although the price continues to rise, does not mean investing in gold without risk.

Saving large amounts of gold requires high costs such as leaving it in a bank safe. Storing gold bars is still possible at home if the amount is relatively small.

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