Rupiah Exchange Rate Fluctuations and Antam Gold Prices: Implications for Wealth Protection in Islamic Economics
DOI:
https://doi.org/10.64994/silah.v3i2.101Keywords:
Exchange Rate, Antam Gold Prices, Islamic EconomicsAbstract
Rupiah exchange rate fluctuations are among the factors influencing gold price dynamics and public investment decisions. This study aims to examine the effect of the rupiah exchange rate on Antam gold prices in Indonesia during the 2015–2025 period from an Islamic economic perspective. This research employs a quantitative approach using annual secondary data analyzed through simple linear regression. The results indicate that the exchange rate has a positive and statistically significant effect on Antam gold prices, with a regression coefficient of 428.402 and a significance level of 0.001. The R² value of 0.764 indicates that 76.4% of the variation in gold prices is statistically explained by the exchange rate. From an Islamic economic perspective, these findings are relevant to the principle of hifz al-mal, particularly in protecting wealth, purchasing power, and investment decisions. The findings of this studyemphasizes the importance of transparent, fair, and sharia-compliant gold investment.
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