Indonesian Political, Business & Finance News

Seizing the Gleam of Profit in the Gold Buyback Business Amid Economic Volatility

| Source: CNBC Translated from Indonesian | Business
Seizing the Gleam of Profit in the Gold Buyback Business Amid Economic Volatility
Image: CNBC

Global economic and geopolitical volatility has impacted the surge in commodity prices, including gold, which serves as a safe haven for securing assets amid uncertainty. This condition has also boosted the interest of the Indonesian public in gold transactions, encouraging PT Pusat Emas Indonesia to develop buyback services for precious metals, including gold jewellery, gold bars, uncertified gold, old gold, and damaged gold. Founder of Pusat Emas Indonesia, Andrew Susanto, stated that the company’s services now encompass 50 outlets across Indonesia within a year of its establishment. Pusat Emas Indonesia utilises XRF machines to test and verify the purity and content of gold with high precision, ensuring no disadvantage to the customer. Andrew Susanto noted that the increasing trend of gold selling is driven by the rising gold price trend and the heightened need for fresh funds among the public during the new school year period. To maintain transaction security, Pusat Emas Indonesia implements a transaction security system to prevent crime.

View JSON | Print