The Palace Updates Gold Jewellery Prices; XAUt Tokens Offer Inflation Hedge
The Palace, a renowned jewelry store, has updated its gold jewelry prices. Today, 9 carat gold pieces start at IDR 1,099,000, while 18 carat items begin at around EUR 1,282. Meanwhile, in the digital asset realm, XAUt tokens offer an attractive hedge against inflation and global uncertainty.
At The Palace, gold jewelry prices vary based on the type, design, and gold content. For instance, Van Cleef & Arpels' 18 carat gold rings start at EUR 1,299, earrings at EUR 1,282, and necklaces range up to EUR 14,490. In Indonesian Rupiah, a 9 carat yellow gold chain costs IDR 725,000 to purchase and IDR 1,099,000 to sell, while an 18 carat chain is IDR 1,513,000 to purchase and IDR 1,939,000 to sell.
XAUt tokens, available on various crypto exchanges, provide a digital alternative. Backed by physical gold, 1 XAUt token represents 1 troy ounce of pure gold, making it a stablecoin with inherent value.
The Palace's gold jewelry prices serve as a reference and may differ across stores or brands. Meanwhile, XAUt tokens offer a digital, gold-backed option for investors seeking to hedge against inflation and economic uncertainty.
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