KONTAN.CO.ID – Monday (19/10) the price of certified gold bullion at Aneka Tambang’s (Antam) Precious Metal Gold Boutique was fixed at Rp 1,008,000 per gram, as before.
| Date | Gold Price per gram | Buyback Price per gram (19/10) | Potential Profit / Loss |
|---|---|---|---|
| 12 October 2020 | IDR 1,017,000 | IDR 901,000 | -11.41% (loss) |
| 19 September 2020 | IDR 1,023,000 | IDR 901,000 | -11.93% (loss) |
| 19 July 2020 | IDR 956,000 | IDR 901,000 | -5.75% (loss) |
| 19 April 2020 | IDR 927,000 | IDR 901,000 | -2.80% (loss) |
| January 19, 2020 | IDR 770,000 | IDR 901,000 | 17.01% (profit) |
| 19 October 2019 | IDR 756,000 | IDR 901,000 | 19.18% (profit) |
| 19 July 2019 | IDR 714,000 | IDR 901,000 | 26.19% (profit) |
| 19 April 2019 | IDR 656,000 | IDR 901,000 | 37.35% (profit) |
| January 19, 2019 | IDR 663,000 | IDR 901,000 | 35.90% (profit) |
On the other hand, price buyback by Logam Mulia decreased by IDR 1,000 per gram, from the previous IDR 902,000 per gram to IDR 901,000 per gram. Thus, the difference between the gold price and the price buyback today it is IDR 107,000 per gram.
So far, Antam has set two types of gold bullion prices for its production: the gold price and the repurchase price (buyback).
The gold price listed above is the price in effect when we buy gold from Precious Metal outlets. As for the price buyback is the price that occurs when we sell gold to a precious Metal booth.
So, if this morning you bought gold from Antam, you would have to pay Rp. 1,008,000 per gram.
If for some reason you suddenly need money so urgently that you are forced to sell the gold back in the afternoon or evening, don’t be surprised that your gold is only priced at Rp. 901,000 per gram by Logam Mulia. Immediately come up short of IDR 107,000 per gram, aka 10.6%!
Also Read: The spot gold price was stable at the level of US $ 1,900, ahead of Monday (19/10) afternoon
Anyone needs to pay attention to the two types of gold prices if they are really serious about becoming a gold bullion investor. Without taking into account the difference between the two prices, a gold investor might miscalculate the potential profit and loss.
With such a difference between the selling price and the buying price (spread), gold is only suitable for long-term investment. In the long term, we hope that the price of gold will rise much higher so that it will be able to cover the difference between the selling price and the buyback price, as well as providing profit.
Just for illustration, here is the calculation of the potential profit / loss if gold investors are bullied for several periods of time.
- Gold price on October 12, 2020 (IDR 1,017,000 per gram) = -11.41% (loss)
- Gold price on September 19, 2020 (IDR 1,023,000 per gram) = -11.93% (loss)
- Gold price on July 19, 2020 (IDR 956,000 per gram) = -5.75% (loss)
- Gold price on April 19, 2020 (IDR 927,000 per gram) = -2.80% (loss)
- Gold price on January 19, 2020 (IDR 770,000 per gram) = 17.01% (profit)
- Gold price on October 19, 2019 (IDR 756,000 per gram) = 19.18% (profit)
- Gold price on July 19, 2019 (IDR 714,000 per gram) = 26.19% (profit)
- Gold price on April 19, 2019 (IDR 656,000 per gram) = 37.35% (profit)
- Gold price on January 19, 2019 (IDR 663,000 per gram) = 35.90% (profit)
The calculation above does not take into account the Value Added Tax (VAT) and a stamp duty fee of IDR 6,000.
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