As of April 28, gold was valued at about US$ 3, 338 per ounce ( roughly 28 grams ), compared to Indonesia’s$ 1.965 million rupiah ( US$ 117 ) per gram.  ,
Compared to the previous month’s 1.79 million dirhams, this is about 10 % more.
Different nations in the area have reported having seen golden disease symptoms as well.  ,
According to local media, some stores in Malaysia reported a 25 % increase in customers.  ,
Longer lines outside gold-selling locations have also been reported in Vietnam.  ,
Younger generations in Thailand are gaining financial advice from social media, which is highly symbolic of silver and retains a strong cultural significance. In consequence, gold-trading channels and programs are flourishing.
However, there are no reports of immediately crowd-control in these nations, as seen in Indonesia.  ,
Some Indonesians may be aware that Trump’s Liberation Day is related to the great gold price, but others may not, according to Eko.  ,
People want to be prepared for cloudy nights, he added, as Indonesia’s cost of living has likewise increased.  ,
Additionally, some people may still be able to use their Eid spiritual allowance, which employers gave their staff toward the end of March, for gold purchases.
Eko claimed that young folks like Resty are the main ones in the current gold rush, and that this may be due to the high demand for Gen Z and teenagers in Indonesia’s financial literacy.
Although Gen Z and teenagers may not have a lot of money, they are starting to spend more quickly than previous years, Eko continued.  ,  ,
He added that because the two centuries are technologically connected, they are more likely to experience FOMO, which is increased.
The exact opinion was shared by analyst Fithra Faisal of Samuel Sekuritas Indonesia, a assets brokerage firm.
He added that because many Indonesians work from home and are on the go, they want to profit from the present circumstances because a rise in gold prices seems a simple way for them to purchase and then resell quickly to make money.  ,
They want to profit from it because there is a chance that the gold price will rise more, three weeks ago it was 1.7 million ringgit per gram, next 1.8 million dirhams, then 1.9 million, then 2 million, because they want it to go up.