This increase in gold prices could be an opportunity to make money, but be vigilant for those who want to buy. There are several things that must be considered, ranging from fundamental data to conditions that affect the sentiment of the gold price.
Director of TRFX Garuda Berjangka Ibrahim explained that gold is one of the safest investment instruments compared to other instruments. Ibrahim also said that if the old investors would be safer if they invest in the form of precious metals, while for new investors or migrants should look and also wait first.
He revealed this was because the increase in Antam's gold price was considered too high and had the potential to go down again. Because of this, potential investors have to wait for a correction on Antam's gold price and then enter.
Ibrahim also added that if in 2011 there was an increase in gold and also information that continued to rise, so that many people have the ambition to buy it, but all vanished because the price of gold suddenly dropped quickly and drastically, this was caused by the absence of correction.
He explained potential investors should also pay attention to the movement of data and the price of this gold to minimize losses suffered in the future.
Antam Gold Prices Highest in 6 Months
Citing Antam's Precious Metals trading site, Antam's gold price today is the highest in the past 6 months. Gold prices also tend to continue to move up since early June. In recent days the price of gold has indeed continued to surge.
Antam's gold price trend itself has continued to increase since the beginning of 2020. Based on Antam's Precious Metals trading data, the price of gold in the first trade in 2020, precisely January 2, was recorded at Rp 771,000 per gram.
In January, Antam's gold price was highest at Rp 808,000 per gram. Antam's gold price then dropped below Rp 800,000 per gram until the end of February. On February 25, Antam's gold price crept up to Rp 818,000 per gram.
Antam's gold prices skyrocketed in March and April. For April, Antam's gold price broke through the record to the level of Rp 972,000 per gram. The increase in gold prices was the highest record in history.
After breaking the highest record, Antam's gold price experienced a downward trend until early June with its perched level of Rp. 800,000 per gram. Then on June 11, Antam's gold price crept back up to the present.
Determination of Instruments in Gold Investment
The trend of rising gold prices since June 11 continues to this day breaking the highest record, at the level of Rp 982,000 per gram. If withdrawn since the beginning of last year's trade, in less than 7 months Antam's gold price has increased to Rp 211,000 per gram.
For the same quarter, the price of Antam's gold buyback or repurchase today rose by Rp 18,000 to Rp 881,000 per gram. The buyback price means that if we will sell the gold we have, Antam will buy at that price.
Director of TRFX Garuda Futures Ibrahim revealed that gold prices continue to increase. The public must pay attention to several things before taking action to sell or buy.
Before buying gold to invest also must be determined what instruments will be used. For example, determine whether to buy precious metals physical form or derivatives. Both have their respective criteria and their respective benefits.
If it is physical, the owner usually feels safer because of holding the gold but the price increase is not too significant. If the derivative is higher the risk but the profit can also be higher. He revealed, but to sell moments like this is the right time. But it must also calculate the ideal amount to be sold.
