Jakarta, CNBC Indonesia – The benchmark gold price at Pegadaian tends to be mixed with the majority corrected on Sunday (20/3/2022), amid the weakening of world gold prices on Friday trading this weekend.
In fact, the movement of gold prices at Pegadaian will usually be influenced by world gold prices two days later.
In trading last Friday, world gold prices fell 1.11% to a level of US$ 1,921.09/troy ounce. The trigger for the correction was an increase in the benchmark interest rate in the United States (US) which made precious metal assets less attractive than US government bonds.
Pegadaian sells 4 types of gold, namely standard Antam gold, Antam retro gold, Antam batik gold, and UBS gold.
According to data from Pegadaian’s official website today, UBS gold price was the one with the biggest correction, while Antam batik’s gold price tended to weaken slightly. Meanwhile, Antam’s gold standard and Antam’s retro gold tend to stagnate.
From UBS gold, the correction is in the range of 1% today.
| Unit | UBS Gold Price Today | Change (Rp) | Change (%) |
| 0,5 | Rp528.000 | -Rp5.000 | -0,94% |
| 1 | Rp990.000 | -Rp10.000 | -1,00% |
| 1,06 | – | – | – |
| 2 | Rp1.962.000 | -Rp22,000 | -1,11% |
| 2,5 | – | – | – |
| 2,13 | – | – | – |
| 3 | – | – | – |
| 4 | – | – | – |
| 4,25 | – | – | – |
| 5 | Rp4.848.000 | -Rp53.000 | -1,08% |
| 8 | – | – | – |
| 10 | Rp9.645.000 | -Rp105.000 | -1,08% |
| 20 | – | – | – |
| 25 | Rp24.062,000 | -Rp265.000 | -1,09% |
| 50 | Rp48.026.000 | -Rp527,000 | -1,09% |
| 100 | Rp96.012.000 | -Rp994,000 | -1,02% |
| 250 | Rp239.959.000 | -Rp2,632,000 | -1,08% |
| 500 | Rp479.353,000 | -Rp5.258.000 | -1,08% |
| 1000 | Rp957.669.000 | -Rp10.505.000 | -1,09% |
Furthermore, Antam batik’s gold was also observed to be corrected. However, the correction tends to be slight in the 0.16%-0.19% range.
| Unit | Today’s Batik Gold Price | Change (Rp) | Change (%) |
| 0,5 | Rp637.0000 | -Rp1.000 | -0,16% |
| 1 | Rp1.179.000 | -Rp2,000 | -0,17% |
| 1,06 | – | – | – |
| 2 | – | – | – |
| 2,5 | – | – | – |
| 2,13 | – | – | – |
| 3 | – | – | – |
| 4 | – | – | – |
| 4,25 | – | – | – |
| 5 | – | – | – |
| 8 | Rp8.927.000 | -Rp17.000 | -0,19% |
Meanwhile, Antam’s gold standard tends to stagnate today.
| Unit | ANTM Price Today | Change (Rp) | Change (%) |
| 0,5 | Rp564.000 | Rp0 | 0,00% |
| 1 | Rp1.023.000 | Rp0 | 0,00% |
| 1,06 | – | – | – |
| 2 | Rp1.983.000 | Rp0 | 0,00% |
| 2,5 | – | – | – |
| 2,13 | – | – | – |
| 3 | Rp2,948,000 | Rp0 | 0,00% |
| 4 | – | – | – |
| 4,25 | – | – | – |
| 5 | Rp4.878.000 | Rp0 | 0,00% |
| 8 | – | – | – |
| 10 | Rp9.699.000 | Rp0 | 0,00% |
| 20 | – | – | – |
| 25 | Rp24.116.000 | Rp0 | 0,00% |
| 50 | Rp48.148.000 | Rp0 | 0,00% |
| 100 | Rp96.214.000 | Rp0 | 0,00% |
| 250 | Rp240.257.000 | Rp0 | 0,00% |
| 500 | Rp480,296,000 | Rp0 | 0,00% |
| 1000 | Rp962.626.000 | Rp0 | 0,00% |
Lastly, Antam’s retro gold, only 0.5 gram to 2 gram corrected, while the rest tends to stagnate today.
Retro Antam gold is old gold in which the gold chip and certificate are separate. This gold was last produced in 2018. Retro gold is also Antam’s most volatile gold type.
| Unit | Retro Gold Price Today | Change (Rp) | Change (%) |
| 0,5 | Rp526.000 | -Rp5.000 | -0,94% |
| 1 | Rp984.000 | -Rp12.000 | -1,20% |
| 1,06 | – | – | – |
| 2 | Rp1.949.000 | -Rp22,000 | -1,12% |
| 2,5 | – | – | – |
| 2,13 | – | – | – |
| 3 | Rp2,895,000 | Rp0 | 0,00% |
| 4 | – | – | – |
| 4,25 | – | – | – |
| 5 | Rp4.811.000 | Rp0 | 0,00% |
| 8 | – | – | – |
| 10 | Rp9.561.000 | Rp0 | 0,00% |
| 20 | – | – | – |
| 25 | Rp23,766,000 | Rp0 | 0,00% |
| 50 | Rp47.446.000 | Rp0 | 0,00% |
| 100 | Rp94,806,000 | Rp0 | 0,00% |
Gold prices weakened after the US central bank (Federal Reserve/The Fed) decided to raise its benchmark interest rate (Fed Funds Rate) by 25 basis points (bp) last Wednesday to 0.25%-0.5%.
Rising interest rates make gold’s shine fade slightly as yields (yield) bonds generally hoisted following an increase in the benchmark interest rate. The Fed is likely to raise interest rates again six times this year to 1.75-2%.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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