When will the Gold Price Drop in 2024?

Jakarta, Pintu News – Many investors are asking when the price of gold will drop in 2024 due to its volatile movement throughout the year. Although in general the trend of gold is still strengthening, there are several periods where the price has experienced a sharp correction, such as in February and July 2024.

The decline was triggered by a combination of global factors, ranging from the strengthening US dollar, the Fed’s interest rate policy, to local investor profit-taking. This pattern is now an important reference point for analysts and investors trying to predict when the gold price will drop again in 2025 and how this trend could continue into the following years.

When will the Gold Price Drop in 2024?

Many investors ask “when will the price of gold drop in 2024?” as fluctuations in the price of this precious metal are a major concern throughout the year. In fact, there were a few moments when the price of gold experienced a significant drop.

In Indonesia, the price of 24 karat gold per ounce had touched a low of around IDR 31,183,095 on February 14, 2024. In addition, on July 23, 2024, Antam’s gold buyback price was also recorded to fall by almost 3%, from around IDR 1,256,000/gram to IDR 1,248,000/gram.

This moment is a clear example of when the gold market faced selling pressure. This pattern also helps answer many investors’ questions about when gold prices fall and rise in the current year.

Read also: Gold Price Nears $4,000 — What Could This Mean for Bitcoin’s Next Move?

Early Year Drop: February 2024

On February 14, 2024, the price of gold in Indonesia reached its lowest point of the year, at around IDR 31 million per ounce. For those looking to find out when gold prices dropped dramatically, the February period is one of the answers. This decline occurred in line with the weakening of the rupiah exchange rate against the US dollar and the decline in domestic market demand.

However, investors who are waiting to see when the gold price drops in 2025 need to understand the same annual pattern. Price corrections usually occur at the beginning of the year, when the market is adjusting to new macroeconomic conditions.

The phenomenon has also been repeated in subsequent years, including in discussions about when gold prices will fall in 2026 and when gold prices will fall in funds (in the context of gold mutual fund investments).

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Seasonal Correction: July 2024

he next decline occurred on July 23, 2024, when Antam’s gold buyback price fell by around 3% in one day. This moment is also relevant for those who often look for information about when the gold price drops this month, as July is known as a period of seasonal correction in the global market.

The mid-year correction was caused by changes in US monetary policy and rising bond yields. This makes gold less attractive than other assets in the short term. However, this trend is temporary. When the dollar weakens again, gold prices usually rise – this helps explain when gold prices fall and when gold prices rise alternately in the global market.

Investors questioning when gold prices will drop again in 2025 can use the July 2024 pattern as a reference. Typically, similar seasonal trends emerge towards the middle of the following year, including a possible correction around June 2025, which is often an important time for global gold traders. As such, the prediction of when gold prices will fall in June 2025 will largely depend on the direction of interest rate policy and the strength of the US dollar.

Conclusion

From the data throughout 2024, it can be concluded that gold did experience some periods of correction, but they were temporary. The long-term trend remains consistently upward, especially amid global uncertainty. Therefore, for investors who want to know when the gold price drops in 2025, it is advisable to pay attention to the pattern of the beginning and middle of the year – two periods that historically often give rise to temporary price pressures.

Despite short-term fluctuations, gold is still a strong safe haven asset. Understanding this pattern of when gold prices fall in 2025 and the potential rebound afterward can help investors determine the best time to buy or add to their gold portfolio.

Digital Gold: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Tether Gold (XAUt), a physical gold-backed ERC-20-based stablecoin, where 1 token represents 1 troy ounce of pure gold. The gold is stored in vaults in Switzerland and each token is directly linked to certified gold bullion. The system uses automated algorithms to efficiently manage the allocation of gold and Ethereum addresses.

XAUt tokens are available and traded on various crypto exchanges. XAUt is also an attractive alternative for those looking to hedge against inflation or global economic uncertainty, while remaining within the digital asset ecosystem.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Exchange Rates. Gold Price History in Indonesia 2024. Accessed October 7, 2025
• Featured Image: Generated by AI