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KONTAN.CO.ID – JAKARTA. The price of gold bullion PT Aneka Tambang Tbk (Antam) shone in the first six months of this year. Rising precious metal prices followed the price of gold spot. In addition, the current rupiah exchange rate has weakened against the US dollar.
Quoting Logam Mulia 's website, the price of a single ounce of Antam in the first half of 2018 increased from 14,000 Rp to 644,000 Rp per gram. While the purchase price aka redemption rose Rp 9,000 to Rp 570,000. During the same period, gold spot prices rose 5.20% to US $ 1,254.5 per ounce.
The upward trend in gold prices continued at the beginning of the second half of the year. On Friday (6/7) at 19:55, gold spot prices rose to $ 1,256.30 US troy ounce. While the price of Antam gold production perches at Rp 651,000 per gram.
Deddy Yusuf Siregar, an Asian Futures Analyst on Tradepoint, argues that the weakening of the rupiah exchange rate supports rising prices for Antam's gold. "The lower the rupee, the higher the gold purchases," he said yesterday.
For the record, in the first half of this year, the spot rate fell by 5.72% to 14,330 Rp for one US dollar.
According to the Monex Investindo Futures Faisyal badyst, the trade war that is beating the United States will further increase the price of precious metals. "The trade war raises concerns that Indonesian investors will surely run into Antam's gold as a sure badet," he said.
Price Redemption Antam Gold Approaching Rp 600,000. "The Antam gold claim can now reach 150 kilograms per year. day, "added Deddy.
According to him, as long as the spot gold price rally due to the effects of the trade war and the rupee continues to weaken, then the price of gold Antam will go up by the end of the year. He sees, the threat of a trade war will last long enough, because there are still countervailing efforts of some countries on US tariff policy.
"The price of gold, if it is still above the Rp 600,000 level, could continue to rise," predicted Deddy. Although convinced, gold price trends will continue until the end of this year, Deddy suggested that investors do not rush the collection. He suggests waiting for the price corrected first.
Faisyal also sees a golden opportunity to further strengthen open until the end of this year. He estimates that by the end of the year, the price of Antam gold will reach 685,000 Rp per gram. "The end of the year is the right time to sell Antam's gold to investors who have long held and are already profitable," he said.
As for investors who are planning to buy, Faisyal suggests waiting after the month of August. Prices are now too expensive. "Currently, there is the possibility of an increase in the Antam gold, because in August there is a moment of registration of candidates for the presidential election of 2019, "he said.
Reporter: Michelle Clysia Sabandar
Publisher: Wahyu Rahmawati
