Anisa Anisa
Universitas Bina Bangsa

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PENGARUH INFLASI, SUKU BUNGA DAN NILAI TUKAR TERHADAP HARGA LOGAM MULIA PADA PT ANTAM TBK PERIODE 2019-2025 Anisa Anisa; Siti Fatonah; Leni Triana
Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside Vol. 6 No. 3 (2026): Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside
Publisher : Gapenas Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53363/yud.v6i3.235

Abstract

This research is motivated by fluctuations in precious metal prices, which are influenced by macroeconomic conditions, particularly inflation, interest rates, and exchange rates. This study aims to analyze the influence of inflation, interest rates, and exchange rates on precious metal prices at PT Aneka Tambang Tbk for the period 2019–2025, both partially and simultaneously. The study uses a quantitative method with an associative approach. The data used are secondary monthly data from January 2019–December 2025, totaling 84 observations, obtained from Bank Indonesia and PT Aneka Tambang Tbk. Data analysis was performed using SPSS version 27 using multiple linear regression analysis, classical assumption tests, coefficient of determination tests, t-tests, and F-tests. The results showed that inflation had a negative and significant effect on precious metal prices (t-count = -2.839 < -1.678; sig = 0.007 < 0.05). Interest rates had no significant effect on precious metal prices (t-count = 1.028 < 1.678; sig = 0.309 > 0.05). While the exchange rate had a positive and significant effect on precious metal prices (t-count = 6.906 > 1.678; sig = 0.000 < 0.05). Simultaneously, all three variables had a significant effect, with an Adjusted R-square value of 0.702. The results of the study concluded that inflation, interest rates, and exchange rates simultaneously influence precious metal prices