Antam Gold Prices Surge 60% in the Last 5 Years

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Adi Ahdiat 04/05/2023 14:24 WIB

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Over the past five years, the price of Antam gold has increased by 60.7%, from Rp670,000 per gram (May 4, 2018) to Rp1,077,000 per gram (May 4, 2023).

Antam Gold Price per Gram (May 4, 2018 - May 4, 2023)

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Antam Gold Prices Surge 60% in the Last 5 Years

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Antam Gold Price per Gram (May 4, 2018 - May 4, 2023)

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Gold prices tend to increase in the long term, making it one of the investment assets favored by many people.

This is evident from data from PT Aneka Tambang (Antam). In the last five years, the price of Antam gold has grown by 60.7%, from Rp670,000/gram (May 4, 2018) to Rp1,077,000/gram (May 4, 2023).

Although its value tends to increase, the price of gold is not immune to fluctuations.

From 2018 to the present, the price of Antam gold has experienced several periods of decline. One occurred at the beginning of the pandemic, when the price of Antam gold fell from Rp972,000/gram (April 4, 2020) to Rp875,000/gram (June 9, 2020).

However, this decline seems insignificant compared to the price increases that followed.

In the last five years, declines in the price of Antam gold have usually been followed by more dominant price strengthening, as seen in the graph above.

Meanwhile, in its April 2023 edition of the *Commodity Markets Outlook* report, the World Bank projects that global gold prices will improve this year.

"The price of gold (London) is expected to average USD 1,900 per troy ounce in 2023, about 6% higher than in 2022," the World Bank said in its report.

According to the World Bank, the increase in gold prices this year is influenced by the weakening of the US dollar, high inflation rates, and the ongoing Russia-Ukraine war.

This condition is assumed to encourage investors to buy gold, an investment asset considered low-risk.

"In the long term, inflation rates and interest rates will be key factors influencing gold prices," said the World Bank.

Editor : Adi Ahdiat

"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."