The price of gold on international markets this week continues to slump. Conditions that trigger the selling price in Jakarta join corrected. Based on data on the Comex division of the New York Mercantile Exchange, Wednesday, January 5, 2011, the price of gold for February delivery fell U.S. $ 5.10, to U.S. $ 1,373.17 an ounce.
Gold prices highest recorded at U.S. $ 1385.20 and low of U.S. $ 1,364 per
ounce during the trading session. Meanwhile, according to Kitco index, spot gold prices fell U.S. $ 8.20.In the country, based on sites managed by PT Aneka logammulia.com
Tambang Tbk, precious metal prices in the spot market on Thursday, January 6, 2011, reached Rp403 thousand per gram, while the purchase price of Rp387 thousand per gram.
If compared to Tuesday this week, which is at the level of Rp413 thousand per gram, gold price has corrected logammulia.com of Rp10 thousand per gram. Based on data on the site, the lowest price of gold in December 2010 was Rp404 thousand per gram.
In gold shops Latif Chan, Blok M Square, South Jakarta, on Thursday, January 6, 2011, the price levels of 24-karat gold sold Rp410 thousand per gram. In earlier trading, precious metals prices were still above Rp410 thousand per gram.
"The decline in prices occurred since yesterday (Wednesday)," said Denny Defriansyah, Latif gold shop owner Chan, told VIVAnews.com. According to him, the decline is the impact of price fluctuations in gold prices in international markets. "I can not predict until when," he said.
Meanwhile, in a gold shop Kaliem, Melawai area, South Jakarta, the price of gold is still priced fairly high, although down Rp2.000 from Rp410 thousand per gram on Wednesday, becoming Rp408 thousand per gram on Thursday. "Since Lebaran until now the price ranges from Rp 400 thousands per gram," said Siska, gold shop owners Kaliem.
Gold investment?
Dennis explains the decline in gold prices was responded to a number of consumers with buying gold for long term investment. They hunt for precious metals (gold grade 24 carat) and jewelry in the form of necklaces, bracelets, or rings. "They're buying for and then keep it. This is as a strategy to spread investment portfolio," he said.
He merokemendasikan that consumers continue to monitor the development of world gold prices before deciding to buy the precious metal. "Better still wait and see first, because we could not predict the (price) to the front," he said.
In his blog, Denny admitted difficulty in predicting the gold price fluctuates significantly. "It's very difficult for us when to suggest consumers should buy or sell," he said.
According to Denny, the decision to buy or sell gold depending on the investment objectives, "whether for short-term investments, long term, or simply as jewelry."
Under it, consumers should buy products jeis gold as needed. If only for jewelry, for example, consumers should buy jewelry with high levels of 22-carat gold. Due to these levels, jewelry can be designed to attract.
It's different if consumers are buying gold for investment purposes. "If the goal for investment, it is advisable to purchase precious metals or jewelry with high levels of 24-karat gold," he said.
As is known, world gold prices fell again Wednesday, after a day
previously trimmed down to 3.1 percent. The decline in gold prices was triggered by the strengthening U.S. dollar against several major currencies. U.S. dollar index rose 1.07 percent to U.S. $ 80.28 on Wednesday. Meanwhile, the euro exchange rate against the U.S. dollar fell 1.12 percent, to $ 1.31 per euro.
Chief Strategic Officer of T3 Trading Group, Scott Redler, said the decrease
This is a continuation of gold price correction in gold prices on Tuesday. Overall, the price of gold during this week have been corrected nearly U.S. $ 50 per ounce.
The decline, he added, also triggered by the release of economic data
a better-than-expected initial investors. "Investors want to realize profits after reaching the highest price," said Redler as reported by TheStreet, Thursday, January 6, 2011.
Redler believes the gold price this year will be higher than current levels. Still, he could not determine how many numbers. He predicts gold prices will still be traded on the level of U.S. $ 1,320 per ounce.
The sharp decline in gold prices has actually happened in early 2010. At that time, no less than a month, the spot price of gold fell almost $ 100 from its highest level ever achieved in January. (Kd)
