What is Cukim Gold?

Jakarta, Pintu News – Cukim gold is gold bullion or lantakan that is usually made from melting down used gold jewelry, then reprinted by craftsmen or local gold shops. Unlike official gold bars such as Antam or UBS, cukim gold does not have an official certificate from a precious metal refining institution.

Since the process is derived from smelting old gold, the shape of cukim gold is usually simpler and does not have special packaging like certified gold bars.

Characteristics of Cukim Gold

Some of the main characteristics of cukim gold include:

• Does not have an official certificate like Antam or UBS gold
• Usually only stamped with the weight and grade of the gold from the goldsmith’s shop.
• Simple or impreciseshapes like factory gold bars
• Sold at traditional gold shops or local artisans
• Generally comes from gold jewelry that is remelted.

This type of gold is often referred to as local lantakan gold.

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Cukim Gold Grade

Gold grades are usually quite high, but not always consistent. They are generally in the range of:

• 90% – 99% purity
• Can be close to 24 carats, but not always certain

As it does not have the factory production standards of official gold bullion, the grade of cukim gold usually needs to be tested again when it is sold.

Pros of Cukim Gold

Some of the reasons people buy gold bullion include:

1. Lower price
The price of cukim gold is usually lower as there are no certification fees or premium packaging.

2. Flexible to buy in different sizes
Gold bullion is often available in various weights, from a few grams to hundreds of grams.

3. Easy to sell at local gold shops
Many traditional gold shops are willing to buy back cukim gold.

4. Carat options may vary
Some stores provide different gold grades according to the buyer’s needs.

Shortcomings of Cukim Gold

But there are some risks to consider before buying this type of gold.

1. Does not have an official certificate
This makes some financial institutions or pawnshops ask for a re-grade test when receiving gold cukim.

2. Quality standards are not always the same
Since they are produced by local gold shops, the quality and purity may vary.

3. Buyback price is usually lower
Without an official certificate, the resale price is often a bigger cut than branded gold bars.

4. Not all places accept cukim gold
Some investment institutions or pawnshops prefer certified gold.

Difference between gold bullion and gold bars

In general, the main difference lies in production standards and legality.

Conclusion

Cukim gold is remelted gold that is usually sold without an official certificate. It is cheaper than certified gold bullion, but has a greater risk in terms of quality and resale price.

For investors who prioritize safety and liquidity, certified gold bars such as Antam or UBS are usually preferred. But for buyers who want more affordability and flexibility, cukim gold can be an alternative, especially if you buy from a trusted gold shop.

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Gold-Based Crypto: 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 Pax Gold (PAXG), a stablecoin backed by one troy ounce (t oz) of 400 oz London Good Delivery gold bullion, stored in Brink’s vaults.

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

*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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

Friends of Pegadaian. Cukim Gold: Advantages & Differences with Other Gold. Accessed today’s date.