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Posts Tagged ‘international gold prices’

The increase in international gold prices was involved heating the gold bullion price in the domestic market because the price of gold in the country based at an international gold price. Last Friday, the price of gold bullion in the precious metal division of PT Aneka Tambang Tbk amounting to Rp 343,000 per gram. This figure rose from 1.78 percent the day before at the level of Rp 341,000 per gram.

Although rising, the price of bullion has not touched its highest level in 2010 in a position to Rp 353,000 per gram. In this year, Herry estimates, the price of gold bullion was in the range of USD 325,000-USD 400,000 per gram. “Maybe the domestic gold demand in one to two months will go down because the new school year,” he added.

Domestic market players will be chasing gold again if the price ramp. “We have detained the domestic gold market exchange rate is higher,” said Herry. If the rupiah to Rp 12,000 per U.S. dollar as when the first quarter of last year, the domestic gold prices can be much more expensive than his current position.

Previously, Division Manager, Rudy Kurniawan Islamic Pawnshop also predict the same thing. He saw the domestic gold price could reach the highest level of Rp 380,000 per gram, which was achieved in 2009. If the beginning of the second half of 2010 this price is reached, then the price of gold bullion can penetrate Rp 400,000 per gram.