Gold Prices Decline as of October 22, 2024,โ Amid Global Economic Signals
Jakarta, Indonesia – Indonesian gold prices experienced โขaโค decrease โคon Tuesday, October 22, โค2024, with 24-karat gold falling byโค IDR 116,000 to IDR 2,540,000 per gram. The โprice adjustment reflects broader market โคreactions to โฃshifting global economic indicators and investor sentiment, impactingโฃ both retail andโฃ wholesale gold markets across the archipelago.
The downturn affectsโข a wide range of stakeholders, from individual โคinvestors seeking safe-haven โฃassets to โขjewelry businesses and gold merchants. Fluctuations in gold prices directly influence purchasing power and profitability โคwithin the Indonesian economy, where gold remainsโข a popular investment and cultural โขasset.Analysts predict continued โvolatility in โขtheโ short term, tied โคto โupcoming economic data โreleases and geopolitical โขdevelopments.
Accordingโ to pricing data compiled as ofโข 05:28:16 (GMT+7), UBSโ gold is tradingโฃ at the following โrates: 50 grams at IDR 118,432,000;โข 100โ grams at IDR 236,769,000; 250 grams โat IDR 591,747,000; โand 500โ grams at IDR 1,182,102,000.
Galeri24 gold pricesโ are currently setโข at: IDR 1,275,000 for 0.5 grams; IDR 2,429,000 for 1 gram; IDR 4,784,000 forโข 2 grams; IDR 11,873,000 โคfor 5 grams;โ IDR 23,682,000โ for 10 grams; IDR 59,060,000 for 25 grams; IDR 118,025,000 for 50 grams; IDRโ 235,934,000 for 100 grams; IDR 589,543,000 for 250 grams; IDR 1,178,504,000 for 500 grams; โand IDR 2,357,007,000 for 1,000 grams.
Gold has โคhistorically served as aโข hedge against inflation and economic uncertainty. Indonesia,โค as aโค significantโ gold producer and consumer, is particularly sensitiveโ to global price movements. โThe current decline follows a โคperiod of relative stability,prompting market observers to closely monitorโ future trends.
