Jakarta, CNBC Indonesia–The price of Precious Metal gold produced by PT Aneka Tambang Tbk on Tuesday (31/10/2023) at the LM Graha Dipta Pulo Gadung gold boutique was at IDR 1,131,000 per gram. The price has dropped by IDR 4,000.

This means that the price of gold has fallen for two consecutive days by IDR 5,000 per gram. Meanwhile price buyback (the price used when reselling gold) at IDR 1,022,000 per gram. The price has dropped by IDR 4,000.

This decline in gold prices occurred after Antam continued to set new records.
Throughout October this year, Antam’s gold price has broken records several times. This includes consecutive records on the last Wednesday and Thursday in October 2023. The previous highest record was IDR 1,136,000 per gramonSaturday last week.

Before October 2023, Antam’s gold price set a historical all-time high on March 23 2023 at Rp. 1,096,000 per stick.

The second best record was on March 25 which was recorded at IDR 1,089,000/gram then on March 19 2023 at IDR 1,088,000. Previously, the previous record was achieved on August 7 2020, when it reached IDR 1,065,000 per gram.

The following is Antam’s gold price today:

Following are Antam’s gold price movements:

The weakening of Antam gold cannot be separated from global gold prices. The price of gold fell and fell from the level of US$ 2,000 per troy ounce amidst the market’s wait for the results of the Federal Open Market Committee (FOMC) meeting.

The price of gold on the spot market in yesterday’s trading, Monday (30/10/2023) closed at US$ 1,995.87 per troy ounce. The price fell 0.49%.

This weakening broke the positive trend of gold which strengthened on the previous three trading days. The weakening also dragged gold back below the level of US$ 2,000 per troy ounce.

Gold prices are still weakening today. In trading Tuesday (31/10/2023) at 06:17 WIB, the price of gold weakened 0.06% to US$ 1,994.59 per troy ounce.

Gold prices fell because market players chose to wait and see waiting for the results of the FOMC meeting. Gold also as concerns about tensions in the Middle East eased slightly.

[Gambas:Video CNBC]

(mae/mae)