Gold trading in Indonesia.
The Republic of Indonesia is a country located in South East Asia. It was a vast country with a population more than 240 million peoples in 2011 census. By geography, Indonesia was an archipelago of more than 1,700 islands.The major populated islands were Java, Sumatera, Kalimantan (Borneo), Nusa Tenggara, Sulawesi, and Papua.
Gold trading in Indonesia could be track back in history to the 13th century. Traders come from East, China and West from India and Arab trading by selling goods for exchange to spices from the Maluku Islands . Gold was recorded as item use by Indian trader from Gujarat near Ahmedabad, India to trade for spices in Sumatra and Malay Peninsular. Admiral Cheong Ho from 14th century China refers Sumatera Island or Aceh as rich land or land of gold.
Gold trading in Indonesia could be track back in history to the 13th century. Traders come from East, China and West from India and Arab trading by selling goods for exchange to spices from the Maluku Islands . Gold was recorded as item use by Indian trader from Gujarat near Ahmedabad, India to trade for spices in Sumatra and Malay Peninsular. Admiral Cheong Ho from 14th century China refers Sumatera Island or Aceh as rich land or land of gold.
Types of Gold Trade in Indonesia
Gold for investment in Indonesia was known as "Emas Batangan" or " Logam Mulia" were 24K gold with a certificate from LBMA sticker of authentic. It is different from gold jewelry which is using 22K or less purity. The jewelry is much appreciated for its design and craftsmanship. Trading can be done for both types of gold and trading can be done easily. There no restriction or price control over buying or selling of gold in Indonesia. Their price was quoted in Indonesia Rupiah per gram. Cash did all transaction. The price of gold start from a weight of 1g , 2g, 5g , 10g, 20g , 50g 100g. A Higher weight will offer a lower price per gram.
Location of the gold shops at Indonesia.
In general, there so many gold shop available in Indonesia. For a high-quality 24k gold, the most known shop is PT Antam, seller of Logam Mulia brand gold located in Jakarta Selatan, Java Island.
The well brand name " Logam Mulia " was trusted for honesty and quality.
Sumatera Island
The gold shop can be found in Bandar Aceh. A capital city with history and event of tsunami and earthquake incident which brings down the city to a field of destruction. A lane of gold shops survive it, and it calls " Jalan Tgk Chik Pante Kulu " in the local phrase. It is a large concentration of gold shop in Bandar Aceh.
Java island
Branches of Logam Mulia shop can be found in Surabaya and Jogjakarta. Another shop that was trustable was Toko Aneka Logam , Jakarta Utara .
Good shops also can be found in Pasar Baru , Bandung for selling and buying gold. Many retailers offering to buy gold and prices varied from 300 thousand Indonesia Rupiah to 500 thousand Indonesia Rupiah per gram.
Kalimantan (Borneo Island)
Several reputable gold shops can be found in Pelangkaraya at central Kalimantan region and Banjamasin in South Kalimantan region. These two cities were located on the remote island of Borneo and interconnection road was almost on to existence between these two major cities.
Due to that unknown factor, there was a large different in gold price per gram traded here.
Another city to the east of Borneo calls Bontang has several shops and online website.
Gold trading at it best.
In Indonesia, where more than 240 million people resided, gold was treated as saving rather than investment. Country folk who unable to access to banking facility or do not want to keep their cash in hand buying gold. Gold was kept as saving in rainy days or saving to buy the bigger asset like land. Gold also important during the wedding ceremony in Indonesia as the gift to bride to be and her family.At the moment, online gold trading was active and popular to the new generation. Gold become an instrument of generating income and wealth. Pawnbroking activity was active among these country people for lending out money and gold were introduce as the collateral.
The local gold market quite competitive and offer the best price and saving on bulk purchases. It is a must stop destination for a gold collector and investor, try buying gold in Indonesia you will not regret.
