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The price of Antam's (PT Aneka Tambang Tbk, ANTM) certified gold bars has hit a new record high. On the Logammulia.com website, the price of one gram of Antam gold reached Rp 766,000 on Friday (August 16th), up Rp 7,000 from the previous day's Rp 759,000 per gram. The buyback price of Antam gold also increased by Rp 7,000, from Rp 687,000 to Rp 694,000.
Meanwhile, the gold contract price for December 2019 delivery also rose 0.6% at the close of trading on Thursday (August 15th), reaching US$ 1,537 per ounce. Garuda Berjangka analyst Ibrahim stated that the increase in global gold prices was triggered by a decrease in investor interest in high-risk investment assets. Investors are turning to safer havens with lower risk, one of which is gold.
(Read Databoks: [Gold Price Breaks US$ 1,500/Ounce, How Much is the Demand for Precious Metals?](https://databoks.katadata.co.id/datapublish/2019/08/09/harga-emas-tembus-us-1500ounce-berapa-permintaan-logam-mulia))
"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."
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