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Trump's import tariffs trigger record gold prices in Indonesia
The price of gold in Indonesia has reached an all-time high of IDR 1,836,000 per gram, marking a significant increase of IDR 17,000 since Thursday, April 3, 2025.
This surge in gold prices follows the announcement of new import tariffs by United States President Donald Trump on Wednesday, April 2, 2025.
Trump's administration has imposed a 32 percent import duty on goods from Indonesia.
Hamid Triarga, a gold trader in Indonesia, commented that these economic conditions are leading to a decline in public purchasing power.
Footage filmed on Friday, April 4, 2025, in the Jalan Minangkabau shopping area of Pasar Ateh Market in Bukittinggi, West Sumatra province, shows trading activity at a local gold shop.
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