Jakarta, CNBC Indonesia – The price of gold bullion sold at PT Pegadaian compactly strengthened in trading today, Sunday (15/10/2023),
Pegadaian itself sells various types of gold, namely Antam gold, Antam Retro and UBS. The sizes are sold in various sizes, ranging from 0.5 grams to 1,000 grams.

In today’s trading, the price of 1 gram of Antam gold is priced at IDR 1,116,000, an increase of IDR 17,000 per gram from the previous trading price of IDR 1,099,000. This gold is available in sizes/units of 0.5 grams to 1,000 grams.

Meanwhile, the price of 1 gram of Antam Retro gold is IDR 1,083,000, an increase of IDR 28,000 per gram from the previous trading price of IDR 1,055,000. Antam Retro is old packaged gold where the gold pieces and certificate are separate. Antam Retro Gold was last produced in 2018, and is available in units ranging from 0.5 grams to 100 grams.

UBS issued by PT Untung Bersama Sejahtera costs IDR 1,077,000 per gram, an increase of IDR 27,000 per gram from the previous trading price of IDR 1,050,000. The complete range of UBS gold available ranges from 0.5 grams to 1,000 grams.

The increase in pawnshop gold is in line with the increase in gold prices on the world spot market. In trading Friday (13/10/2023) the price of gold on the spot market closed up 3.1% to US$1,941.50 per troy ounce.

Friday’s gain was the biggest in a single day for spot gold since March 17. This week’s 5% weekly gain was also the biggest since March.

The latest jump in gold prices came after the Israeli government late Thursday warned more than 1 million people in North Gaza to evacuate the area as the war with Hamas escalates. Talk is also growing that Israel has begun a major ground attack on Gaza.

Escalating Mid-Easter chaos continues to drive safe-haven demand for gold.

CNBC Indonesia Research

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