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.  ,
This is an approximately 10 % increase over the 1.79 million rupee equivalent of one month before.
Different nations in the area have even reported instances of gold fever.  ,
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 has a strong historical value. In response, gold-trading programs and applications are flourishing.
However, there are no reports of immediately crowd-controlling in these nations, as seen in Indonesia.  ,
Some Indonesians may be aware that the great silver value is related to Trump’s Liberation Day, but others may not, according to Eko.  ,
He added that people want to get ready for cloudy days because 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 team 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.
Gen Z and youngsters may not have a lot of money, but 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 heightened.
The exact opinion was held by scholar Fithra Faisal of Samuel Sekuritas Indonesia, a securities 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 it seems simple to get gold and then sell it quickly to make money.  ,
They want to profit from it because there is a chance that the gold price will rise further, as reported by the group three weeks ago: 1. 7 million ringgit per gram, 1. 8 million dirhams, 1.9 million, and 2 million.