Antam Sizes Gold Price Dropped

VIVAnews - The price of gold bullion in the Business Unit Precious Metals Processing and Refining PT Antam Tbk continues to climb this week. In trading Thursday, February 28, 2013, the price of gold bullion 1 gram size Antam Rp3.000 up to Rp570.200 per gram.


However, quoted from Logammulia, increase in the size of 1 gram of gold is not gold prices followed by other measures. Size 5 gram gold declined from Rp2.711.500 to Rp2.701.500. For the size of 10 grams down from Rp5.382.000 to Rp5.362.000, and dropped from a size 25 grams Rp13.380.000 to Rp13.330.000.

Meanwhile, gold prices fell for the size of 100 grams of Rp53.340.000 to Rp53.140.000, and 250 gram sizes also come down from Rp133.250.000 to Rp132.750.000. The purchase price (buyback), too, fell Rp6.000 be Rp497.000 per gram.

Reported by CNBC, world gold prices sank nearly 1 percent below the U.S. $ 1,600 per ounce to U.S. $ 1,597.60 per ounce. Meanwhile, the U.S. gold price also ranges at the same level, U.S. $ 1,597.80 per ounce.

Ownership SPDR Gold Trust, the world's largest gold exchange, fell at the lowest point during the last six months to 1258.4 tonnes per February 27, 2013.

Improved U.S. economic data have shown growing confidence and endurance of U.S. economic recovery. Successful bond sales in Italy provide positive sentiment for investors to switch out of gold into other portfolios.

Italy, the third largest economy in Europe, was able to sell 4 billion euros worth of bonds with a tenor of 10 years, as well as 2.5 billion euros of 5-year tenure.

Sources: http://bisnis.news.viva.co.id/news/read/393943