On March 2, 2020, Indonesia experienced first case of Covid 19. As a result, investors should be careful in investing so that investors choose gold in investing. Purpose of this study is analyze impact of Covid-19 on gold price in Indonesia. Research method uses ARIMA intervention. The results showed that the impact of Covid-19 on gold price in Indonesia is gradual temporary, meaning the intervention to influence the movement of gold price gradually and temporarily. Intervention of Covid-19 cases against gold price in Indonesia began to be felt after two weeks of the first case of Covid-19 in Indonesia which demonstrated by the increase in the gold price out of ordinary since the 16th day. On the 19th day after intervention, the gold price in Indonesia decreased. Furthermore,  the gold price in Indonesia is again rising and expected to increase. The forecast results of the next 31 days show gold price in Indonesia has always increased. When Covid-19 has not been able to be resolved so that the confirmed positive case of Covid-19 continues to increase, gold investment is one of the safe investments. However, investors should pay attention to gold price movements if they want to invest in gold. Keywords: ARIMA Intervention, Covid-19, Gold Price JEL Classification: E22, H54, O16

Pandemi Coronavirus Disease-2019 (Covid-19) merupakan kejadian yang tidak biasa. Adanya Covid-19 membuat masyarakat ragu dalam melakukan investasi. Hal ini dikarenakan kondisi perekonomian dunia tidak sedang dalam kondisi baik.  Investasi emas merupakan salah satu investasi yang cukup aman di masa pandemi Covid-19. Logam mulia tersebut banyak dipilih karena mayoritas masyarakat telah familiar terhadap emas serta mudah dijangkau. Selain itu, dikarenakan harga emas cenderung stabil dan jarang mengalami penurunan harga, justru saat ini mengalami peningkatan harga dalam waktu yang singkat. Salah satu cara untuk mengetahui gambaran harga emas di Indonesia agar masyarakat tertarik melakukan investasi logam mulia tersebut adalah melakukan peramalan dengan menggunakan metode ARIMA Box-Jenkins. Tujuan penelitian ini adalah memperoleh prediksi harga emas di Indonesia selama 30 hari ke depan. Hasil analisis menunjukkan bahwa didapatkan model ARIMA (1,1,1) sehingga dapat disimpulkan bahwa prediksi harga emas 30 hari ke depan terus mengalami peningkatan dengan persentase kesalahan training data sebesar 1,005 persen serta validasi ramalan dari testing data sebesar 3,93 persen.