{
    "success": true,
    "data": {
        "id": 1777819,
        "msgid": "gold-prices-fall-as-ministry-of-trade-explains-1780318986",
        "date": "2026-06-01 19:15:00",
        "title": "Gold Prices Fall as Ministry of Trade Explains",
        "author": "Ahmad Fikri Noor",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Trade",
        "summary": "The Ministry of Trade has attributed the recent decline in gold export reference prices to increased investor interest in yield-based financial instruments and profit-taking during market consolidation. The export reference price fell by 1.43% to $148,396.49 per kilogram in early June 2026, while the reference price dropped to $4,615.65 per troy ounce. The adjustment follows coordination between multiple ministries and reflects global monetary policy trends and economic outlook.",
        "content": "<p>The Ministry of Trade (Kemendag) stated that the decline in the\nexport reference price (HPE) and reference price (HR) for gold during\nthe first period of June 2026 was influenced by increased investor\ninterest in yield-based financial instruments. According to a Kemendag\nstatement in Jakarta on Monday (1\/6\/2026), the gold HPE fell by 1.43% to\n$148,396.49 per kilogram from $150,555.29 per kilogram in the second\nperiod of May 2026. Meanwhile, the HR for gold also decreased to\n$4,615.65 per troy ounce (t oz) from $4,682.80 per t oz.<\/p>\n<p>\u201cDuring the data collection process, gold prices corrected by 1.43%.\nIn addition to shifts in investor preference towards yield-based\ninstruments, the gold market entered a consolidation phase, prompting\nprofit-taking,\u201d said Tommy Andana, Director General of Foreign Trade at\nKemendag.<\/p>\n<p>He added that international gold price movements were also influenced\nby global monetary policy direction and economic prospects.<\/p>\n<p>The HPE and HR are set under Ministerial Decree No.\u00a01416 of 2026\nconcerning Export Reference Prices and Reference Prices for Mineral\nProducts Subject to Export Duties, effective from 1-14 June 2026.<\/p>\n<p>The determination of gold HPE and HR is based on data and technical\ninput from the Ministry of Energy and Mineral Resources (ESDM),\nreferencing international market price developments. Gold prices are\nreferenced against the London Bullion Market Association (LBMA)\npublications.<\/p>\n<p>The HPE and HR for gold are determined through inter-ministerial\ncoordination mechanisms, considering data, information, and current\nmarket developments analysed jointly with the Coordinating Ministry for\nEconomic Affairs, ESDM, the Ministry of Finance, and the Ministry of\nIndustry.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-fall-as-ministry-of-trade-explains-1780318986",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}