Gold Price 1 Kg Drops Rp 5 Million, Investors Can Still Profit IDR 290 Million a Year

KONTAN.CO.ID - JAKARTA. The price of Aneka Tambang's 1-kilogram gold bars fell by Rp 5 million on Wednesday, April 24, 2024, compared to the previous day's price.

The price of Aneka Tambang's 1-kilogram gold bars on Wednesday (24/4) was Rp 1.260.600.000.

Compared to the previous day, April 23, 2024, the price of Aneka Tambang's 1 kg gold was Rp 1.265.600.000, meaning the price of 1 kg of gold has decreased by Rp 5 million.

However, compared to the price of Aneka Tambang's 1-kilogram gold bars at the beginning of the year, or if purchased on January 1, 2024, investors could still profit Rp 140 million.

The price of Aneka Tambang's 1-kilogram gold bars on January 1, 2024, was Rp 1.070.600.000.

Meanwhile, compared to the price of Aneka Tambang's 1-kilogram gold bars on January 1, 2023, which was Rp 966.600.000, investors could profit Rp 294 million.

However, this calculation is only based on the selling price of gold at Antam, not the buyback price by Antam, which is usually about 8% lower than the selling price plus tax deductions.

For your information, the price of gold today at Aneka Tambang's Gold Boutique (ANTM) has already fallen by Rp 5,000 per gram.

Here is a table of today's gold prices in other denominations, excluding tax.

Aneka Tambang Gold Prices
Size (grams)	Price (24/4)	Price (23/4)	Change
0.5	710.000	712.500	-0,35
1	1.320.000	1.325.000	-0,38
2	2.580.000	2.590.000	-0,39
3	3.845.000	3.860.000	-0,39
5	6.375.000	6.400.000	-0,39
10	12.695.000	12.745.000	-0,39
25	31.612.000	31.737.000	-0,39
50	63.145.000	63.395.000	-0,39
100	126.212.000	126.712.000	-0,39

Source : Logam Mulia

Quoting the Logam Mulia website, today's gold price at Antam Gold Boutique is Rp 1.320.000. Today's gold price has fallen by Rp 5.000 per gram from Tuesday's (23/4) price of Rp 1.325.000.

The buyback price of Antam gold is now Rp 1.218.000.

If we look back to 7 days ago (April 17, 2024), the price of Antam gold has fallen by Rp 1.000 per gram from the previous price of Rp 1.321.000.

At the Logam Mulia Gold Boutique - Pulo Gadung, Jakarta, today's price for 0.5 gram gold is Rp 710.000. The prices for 2 grams and 5 grams of gold today are Rp 2.580.000 and Rp 6.375.000, respectively.

Antam's Logam Mulia sells gold and silver bars in various weights (for example, 1 gram, 2 grams, and 500 grams).

The price per gram of Antam gold usually varies depending on the weight of the bar. This difference occurs because there are additional costs for minting, making the price per gram of Antam gold for smaller bars more expensive than larger bars.