Antam's Gold Price On June 16 Rises By IDR 10.000 To IDR 994.000 Per Gram

JAKARTA - The base price of gold bars sold by gold producer PT Aneka Tambang Tbk or Antam was recorded at IDR 994.000 per gram in today's trading, Thursday, June 16.

Launching the Precious Metals website, Antam's gold price this morning rose 1.01 percent or IDR 10.000 when compared to the gold price on Wednesday, June 15, which was sold for IDR 984.000 per gram.

Meanwhile, Antam's buyback price today is at IDR 870.000 per gram, up 1.39 percent or IDR 12.000 compared to yesterday's price of IDR 858.000 per gram.

The increase in gold prices in the domestic market followed the surge in gold prices in foreign markets ahead of the increase in interest rates by the United States Federal Reserve (Fed).

The most active gold contract for August delivery on the Comex Division of the New York Exchange rose 6.1 US dollars, or 0.34 percent, to close at 1.819.60 US dollars per ounce in late trading Wednesday or Thursday morning Indonesian time.

Market analysts said gold futures were volatile in electronic trading following the Federal Reserve's decision.

Investors had been pricing in a possible 75 basis point rate hike.

The following is a complete list of Antam's gold prices ranging from 0.5 gram to one kilogram denominations:

- 0.5 gram gold price: IDR 547.000

- Price of 1 gram of gold: IDR 994.000

- Price of 2 grams of gold: IDR 1.928.000

- Price of 3 grams of gold: IDR 2.867.000

- 5 gram gold price: IDR 4.745.000

- 10 gram gold price: IDR 9.435.000

- Price of 25 grams of gold: IDR 23.462.000

- 50 gram gold price: IDR 46.845.000

- Price of 100 grams of gold: IDR 93.612.000

- 250 gram gold price: IDR 233.765.000

- 500 gram gold price: IDR 467.320,000

- Price of 1.000 grams of gold: IDR 934.600.000