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ANTAM GOLD PRICE rises IDR1,000 to IDR542,000/gram

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JAKARTA: Gold price in domestic retail market on Tuesday (8/7/2012) rose by IDR1,000 to IDR542,000/gram from yesterday’s price, referring to price benchmark of PT Aneka Tambang Tbk.

Meanwhile, buyback price also increased IDR1,000 to IDR487,000/gram.

Gold price in Hong Kong Metal Exchange (HKMEx) at 08:07 Jakarta Time, as cited from Bloomberg, fell by US$1.2 per troy ounce (-3.85 dollar cent/gram) to US$1.614.6 per troy ounce (US$51.60/gram).

As for the price in Gold 100 Bloomberg Index at 08:12 Jakarta Time declined US$1.2 per troy ounce (-13.82 dollar cent/gram) to US$1,611.9 per troy ounce (US$51.82/gram).

Antam set the price of gold in regressive, meaning that the price of gold is less expensive for higher size purchasing. (T06/msw)

Antam’s gold price (8/7/2012):

Gram

Price (IDR)

1

542,000

2

1,046,000

2.5

1,297,500

3

1,549,000

4

2,052,000

5

2,565,500

10

5,090,000

25

12,650,000

50

25,235,000

100

50,420,000

250

125,950,000

 

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