Gold Price Approach Rp 600 thousand per Gram

MAKE MONEY BLOG, Jakarta - The U.S. dollar gold price in the international market pushed the price of gold in Jakarta also moving up nearly Rp 600 thousand per gram it.


The price of gold bullion on site logammulia.com today for bullion 1 gram sold for Rp 594,200, an increase of U.S. $ 5 thousand per gram. As for the resale price of Rp 525 thousand per gram. As for the gold bars weighing 5 grams worth Rp 2.82 million, which means the price is Rp 564,300 per gram.

The price of gold in the international market. Thursday back up near the level of U.S. $ 1,800 per troy ounce after the European Central Bank (ECB) kept interest rates at low levels as well as U.S. economic data look better. The price of gold on the New York Commodity Exchange yesterday closed up U.S. $ 16.7 (0.9 percent) to U.S. $ 1,796.5 per troy ounce.

The price of gold in the European market slightly declined as the U.S. dollar strengthened against major world currencies. In afternoon European electronic market gold prices declined U.S. $ 2.4 to U.S. $ 1,794.1 per troy ounce.

President of the ECB, Mario Draghi, said yesterday the euro zone growth will remain weak and the economy will recover gradually, according to the news reported by MarketWatch. "The common currency is not changed. The announcement of the central bank next month plans to buy bonds market can relieve anxiety, "he said.

"Draghi statement was interpreted by investors that quantitative easing in the Eurozone will go according to plan and no matter what happens in the U.S. triggered the increase in gold prices," said Brien Lundin of Gold Newsletters.

Improving outlook for Europe and positive U.S. economic data and the anticipation of high inflation digulirkannya impact of quantitative easing by the world's central banks made ​​investors piling back gold as an alternative investment.
source: tempo.co 
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