Gold Prices Have Increased by More Than 11% in 2019

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Viva Budy Kusnandar 31/07/2019 08:05 WIB

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The world gold price once reached its highest level at $1,675.35 per troy ounce in 2012.

Annual Gold Price Movement (1970-July 30, 2019)

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Gold Prices Have Increased by More Than 11% in 2019

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Annual Gold Price Movement (1970-July 30, 2019)

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International spot gold prices closed at US$ 1,430.99 per troy ounce on Tuesday, July 30, 2019, up 0.29% from the previous day's close. The price of this precious metal has increased by 11.58% compared to its year-end position last year at US$ 1,282.59 per troy ounce.

Converted to grams, the gold price is equivalent to US$ 46.01/gram. With an exchange rate of Rp 14,000 per US dollar, the price of gold is approximately Rp 644,000/gram.

Ahead of the Federal Reserve (The Fed, the US central bank) Board of Governors' meeting, gold prices rose to their highest level in seven years, as shown in the graph below. The world gold price once reached its highest level of 1,675.35/troy ounce in 2012.

(Read Databoks: Antam Gold Price Soars to Rp 711,000 per Gram)

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."