The Ministry of Trade (Kemendag) has announced that the increase in\nthe export benchmark price (HPE) and reference price (HR) for gold\ncommodities in the second period of August 2026 was influenced by rising\nglobal demand for the precious metal.<\/p>\n
Director General of Foreign Trade at the Ministry of Trade, Tommy\nAndana, said the rise in the HPE and HR for gold was influenced by a\ndecline in global benchmark interest rates, which has made potential\nreturns from instruments such as deposits less optimal.<\/p>\n
\u201cThis has encouraged investors to shift their liquidity into gold\ncommodities to hedge asset values. This shift in investment conditions\nhas had a direct impact on increasing gold demand in the global market,\u201d\nTommy said in a statement in Jakarta on Tuesday.<\/p>\n
According to him, with gold supply being relatively limited, this\nsituation has triggered a rise in gold prices on the international\nmarket.<\/p>\n
In addition, the weakening of major global currencies and declining\nbond yields on the international market have also been factors driving\nthe increase in the HPE and HR for gold in the second period of August\n2026.<\/p>\n
The HPE for gold has been set at US$131,777.67 per kilogram, up 0.65\npercent from the first period of August 2026, which was US$130,921.50\nper kilogram. The HR for gold also rose to US$4,098.75 per troy ounce (t\noz) from US$4,072.12 per t oz.<\/p>\n
The provisions for the HPE and HR for gold are set out in Minister of\nTrade Regulation (Kepmendag) Number 1716 of 2026 concerning Export\nBenchmark Prices and Reference Prices for Mining Products Subject to\nExport Duties. The regulation is effective for the period 15\u201331 August\n2026.<\/p>\n
Tommy also stated that the value of gold was recorded as rising 0.65\npercent during the data collection period. The HPE and HR for gold are\ndetermined based on data and technical input from the Ministry of Energy\nand Mineral Resources (ESDM), which refers to publications from the\nLondon Bullion Market Association (LBMA).<\/p>\n
The determination is made through cross-ministerial and institutional\ncoordination based on information, data, and input provided by the\nCoordinating Ministry for Economic Affairs, the Ministry of Energy and\nMineral Resources, the Ministry of Finance, and the Ministry of\nIndustry.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/gold-export-benchmark-price-rises-amid-increasing-global-demand-1787021582", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }