Indonesia is a country that has a rich resource of metals and minerals, such as gold, tin, copper, and nickel. The country’s industrial came from the cement, metal mining and oil & gas industries. Indonesia was included among the ten leading producers of Gold, among the five leading producers of copper and nickel and was also ranked second in the world for its Tin production.
As one of the biggest producer and exporter of metals in the world, the government encourages Indonesia to be the bench marker of the entire metal commodity price in the world.
There are a total of 7 Metal product that can be traded through ICDX which are GOLDUD, GOLDID , GOLDGR, TIN, PAMPGRID, PAMPKGUD and UBSG.
GOLDUDTrading Hours: 07.00 - 04.30 Jakarta Time
GOLDUD is a symbol of deferred gold contract specification of 10 Troy Ounces per lot in USD.Â The price quotation for GOLD UD is loco London market price for gold with a purity of 99.99.