Indonesia is one country that is very interestedi gold. Not only for the jewelry, the commodity is also used for investment.

Gold Playe

Indonesia is one country that is very interested gold. Not only for the jewelry, the commodity is also used for investment.

World Gold Council noted during the first three months of 2013, the people of Indonesia gold spending reached 17 tons. It consists of a number of gold in the form of jewelry and 11.2 tons of gold bars and coins for investment purposes 5.8 tons.

However, that number has decreased by 12.82 percent compared to the end of the first quarter of 2012, in which the total gold consumption in Indonesia reached 19.5 tons. This amount consisted of 10.6 tonnes of gold for jewelery and gold bars and coins for investment 8.9 tons.

If the views of the value spent, in January-March 2013, the Indonesian people spend funds amounting to 889 million U.S. dollars, or approximately Rp 8.6 trillion to buy gold, while in the first quarter of 2012, the people of Indonesia translucent gold spending 1.06 billion dollars U.S. or around Rp 10 trillion.

However, the agency did not elaborate on the cause of the decline society Indonesian gold shopping. The decline in commodity prices of late is suppose to be the cause of the decline of interest in buying gold.


Bank Indonesia (BI) said it has made ​​a purchase of 30,000 troy ounces of gold, equivalent to a total of 933 kilograms of precious metal deposits of the central bank to 73.93 tons at the end of 2012.

"Deposits in the form of gold at the end of 2012 amounted to 2.37 million troy ounces (equivalent to 73.93 tonnes), an increase of 30 thousand troy ounces because there purchase in 2012," said Executive Director of the Treasury Internal BI, Mubarakan, told reporters at the Bank Building , Jakarta, Friday (17/05/2013).

He explained that, in Bank balance sheet at December 31, 2012, the carrying value of assets in gold Rp38, 24 trillion, or an increase of Rp 33.51 trillion at the end of the previous year. "When it comes to gold, do not imagine all the physical intangibles BI ownership of gold bullion, but some have a gold securities," said Mubarakan.

In total, BI assets stood at Rp 1,519 trillion as of the end of 2012, an increase of Rp 1,371 trillion at the end of 2011. Meanwhile, the biggest asset in the form of securities, amounting to Rp874, 34 trillion, up from Rp 843.12 trillion in the previous year.

Gold held by the central bank as a form of foreign exchange reserves at any time required to perform the task of managing BI monetary and economic stability.