Dampak Kurs, Suku Bunga, IHSG, Inflasi dan Permintaan Emas Terhadap Harga Emas di Indonesia Tahun 2018-2021

Lia Sunny Nuraini, Eni Setyowati

Abstract


Gold is a precious metal that is often used as a standard medium of exchange in the finances of various countries and as a medium of exchange in trade. Gold does not face devaluation in price. Gold, a precious metal, is used as currency and medium of exchange in commerce throughout the country. The purpose of this study was to find out how the JCI, inflation, SBI interest rates, and gold demand had an effect on the price of gold in Indonesia during the Covid 19 pandemic. The Least Square Regression Analysis technique is commonly used in this study. OLS). Given the consequences of this exploration and discussion, it can be assumed that gold prices in Indonesia during 2018-2021 will be influenced by Expansion (INF) and Gold Interest (PMEM). Meanwhile, Indonesia's gold price between 2018 and 2021 is not affected by the Rupiah exchange rate against the dollar (KURS), interest rates (BIRATE), or the Composite Stock Price Index (IHSG).

Keywords


Gold Price, Exchange Rate, SBI Interest Rate, IHSG, Inflation.

Full Text:

PDF

References


Apriyanti M. 2012. Anti Rugi dengan Berinvestasi Emas. Jakarta (ID): Pustaka Baru Press.

Donovan, P. 2015. The Truth About Inflation. Routledge. United Kingdom.

Fuad and Imamudin Yuliadi (2021), “Determinants of the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange”., Journal of Economics Research and Social Sciences Vol 5, No 1,

Kesarditama. F., Haryadi, Yohanes V. A (2020), Pengaruh inflasi, nilai tukar rupiah per dollar Amerika, harga minyak mentah dunia dan indeks harga saham gabungan terhadap harga emas di Indonesia”, E-Journal Perdagangan Industri dan Moneter Vol. 8. No. 2.

Kuncoro, Mudrajad. (2001). Manajemen Keuangan Internasional: Pengantar Ekonomi dan Bisnis Global. BPFE: Yogyakarta.

B. Mills, 2013. An In-Depth Analysis of the Connection Between Gold and the US Dollar [The Internet] accessed December 2015] On the web at http://www. drbryanmills.com/uploads/7/5/6/6/7566679/gold.pdf.

Nurulhuda, E.S, dan Kosasih (2019), Pengaruh Inflasi, Kurs Dolar As, Dan Suku Bunga(Bi), Terhadap Penentuan Harga Emas (Studi Empiris: PT ANTAM Tbk Tahun 2014-2018)”. Jurnal Ekonomi dan Bisnis, Vol. 2 No. 1

Nurwulandari A, Hasanudin, Ari Jatmiko Setiyo Budi, (2020), Analysis Of The Influence Of Interest Rate, Exchange Value, World Gold Prices, Dow Jones Index, Aex Index, Dax Index, And Shanghai Index On Lq45 Index In Indonesia Stock Exchange 2012 – 2018”., Journal of Applied Business and Economics (JABE) Vol 7 No. 2 (Desember 2020) 135-147

Prastiani, S.C, 2021. “The Influence Of The World Gold Price And Stock Price On The Jakarta Islamic Index”,. EAJ (Economic and Accounting Journal) Vol. 4, No. 1,

Raraga. F., M. Chabachib, Harjum Muharam, (2013)., Analisis Pengaruh Harga Minyak Dan Harga Emas Terhadap Hubungan Timbal-Balik Kurs Dan Indeks Harga Saham Gabungan (Ihsg) Di Bursa Efek Indonesia (Bei) 2000 -2013”., JURNAL BISNIS STRATEGI l Vol. 21 No. 1

Soeharjoto, Debbie A. T , Dini H., Lucky N., Engkur (2021), Pengaruh Inflasi, Kurs, dan Harga Emas Terhadap Penyaluran Rahn (Studi Pada Bank Syariah Mandiri)”, Jurnal Ilmiah Ekonomi Islam, 7(02), 2021, 687-692.

Suharto TF. 2013. Harga emas Naik atau Turun Kita Tetap Untung. Jakarta (ID): Elex Media Komputindo.

Tyson, E. (2011). Investing for dummies 8th Ed. John Wiley & Son: Haboken.

Utama, o.y, dan Siti Puryandani, (2020), The Effect of BI Rate, USD to IDR Exchange Rates, and Gold Price on Stock Returns Listed in the SRI KEHATI Index., Jurnal Dinamika Manajemen, 11 (1) 2020, 39-47

Yudiarti,T; E Emilia; & C Mustika. (2018).Pengaruh utang luar negeri, tingkat suku bunga dan neraca transaksi berjalan terhadap nilai tukar Rupiah terhadap Dolar Amerika Serikat, e-Jurnal Perdagangan Industri dan Moneter, 6 (1), 14-22.




DOI: https://doi.org/10.30596/ekonomikawan.v23i1.10124

View My Stats