Antam Gold Prices Jump IDR 102k Today, Is This a Rebound?

Antam Gold Prices Jump IDR 102k Today, Is This a Rebound?

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Gotrade News - Extreme volatility has returned to the domestic precious metals market, with prices posting a massive gain on Wednesday (Feb 4).

Antam gold prices today recorded a sharp jump after facing heavy selling pressure during the previous trading session.


Key Takeaways

  • The base price for Antam gold rose by IDR 102,000 to IDR 2,946,000 per gram.

  • The buyback price also strengthened by IDR 86,000 to reach IDR 2,710,000 per gram.

  • This rally is driven by a new record in global gold prices, which broke through the US$ 4,950 level.


According to data from the official Logam Mulia website, the 1-gram gold bar is now pegged at IDR 2,946,000.

This figure reflects a significant hike of IDR 102,000 compared to Tuesday's position, where prices had tumbled to IDR 2,844,000 per gram.

For those looking to cash out their holdings, the buyback price—the price at which Antam buys back your gold—has also seen a positive adjustment.

Antam set the buyback price at IDR 2,710,000 per gram, up IDR 86,000 from the previous day.

Global Sentiment and Price Breakdown

This price movement signals the domestic market's rapid response to the recovery of gold prices in the international spot market.

Citing a report from CNBC Indonesia, global gold prices in the spot market strengthened by 0.24% to US$ 4,950.39 per troy ounce this morning.

Previously, global gold had recorded a daily gain of 5.86% at the close of trading on Tuesday (Feb 3).

Data from Liputan6 notes that Antam gold had briefly touched an all-time high of IDR 3,168,000 in late January.

Below is the complete list of Antam gold prices for Jakarta (Pulogadung Expedition) delivery based on the latest data.

Gold Weight Base Price
0.5 gram IDR 1.523.000
1 gram IDR 2.946.000
2 gram IDR 5.832.000
3 gram IDR 8.723.000
5 gram IDR 14.505.000
10 gram IDR 28.955.000
25 gram IDR 72.262.000
50 gram IDR 144.445.000
100 gram IDR 288.812.000
250 gram IDR 721.765.000
500 gram IDR 1.443.320.000
1.000 gram IDR 2.886.600.000

Profit from Gold Volatility Without the Physical Metal

Seeing gold prices jump IDR 100k today only to potentially nosedive tomorrow, holding physical metal can sometimes leave you stuck with a wide buy-sell spread.

However, high volatility like this is actually a golden opportunity for savvy traders to leverage Gold ETF Options like GDX.

You don't need to stress over whether gold will moon or crash tomorrow because you can aim for gains in both directions with Call or Put strategies.

That’s the market update worth watching today. Follow Gotrade News for timely coverage on US stocks, ETFs, and macro moves that shape market direction. For a structured starter guide, visit the Gotrade Blog to learn the basics and build your plan.

If you want to act on this news, track price moves and review your portfolio in the Gotrade app. You can start investing in US stocks and ETFs with $1, then align your next steps with your goals and risk profile. Download and open the Gotrade app now!

Reference:


Disclaimer

Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.


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