Orori targets 80,000 Antam Gold transactions over the Internet



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Jakarta – PT Orori Indonesia, a jewelry company online who becomes dealer PT Antam Tbk's gold manager since October 16, 2018, targets 80,000 transactions a year with Volume of gross merchandise (GMV) annual of about 25 million dollars.

Chief executive officer Trorio J Dawis, Managing Director, said gold has long been one of Indonesia's top investment choices. At present, with various facilities presented by means of technology, people's interest in gold investment continues to show an upward trend.

"In addition to relatively stable price volatility, although it tends to continue to rise, the resistance of gold prices to inflation has boosted the population's interest in diversification investments in this instrument.Through collaboration with Antam, we hope to attract even larger markets while strengthening the country's economy.The rate of investment in the community, "said Triono in Jakarta on Tuesday ( 6/11).

Triono said that currently the sale of gold to Orori has the same contribution of 50:50 for investment and jewelry. However, in the future, investment trends could be greater according to him.

"The rising dollar and the fall of the stock market have resulted in increased investments in gold bullion and loose jewelry," he said, adding that the price of gold sold per gram sold to Orori was identical to that of Antam.

Abdul Hadi Aviciena, general manager of the commercial precious metals purification unit (UBPP LM) of PT Antam Tbk, said his company was aiming for the sale of a minimum of 35 kilograms (kg) of mercury. gold per month in Orori, which dealer focused on the business online.

"Antam is optimistic that this goal can be surpbaded given the current rupee and very attractive selling prices," he said.

Antam itself noted that bullion price growth has been increasing throughout 2017. This is a good opportunity for active users of Orori, who have reached 370,000 users per month and more than 50 partner companies. Orori himself is dealer the eighth official Antam out of a total of nine.

In the first half of 2018, Antam's gold managed to increase sales by 356.67%, with a 226% increase in production compared to 2017. "The contribution of precious metals to the figure Antam's business is between 60% and 70%, "he said.

The company, Hadi added, will also continue to increase the number of dealer and the Gold Boutique store next year. There are currently 11 Gold stores in 15 cities. Expected, two more will increase in the next year. Same for additions dealer. Nevertheless, at the end of this year, Antam will set up a sales platform online.

Source: Voice Update


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