Analysis of the Relationship between Inflation, Gold Prices, Number of Customers, and Distribution of Rahn Financing at PT Pegadaian Syariah Indonesia for the Period 2003-2022

Abstract

The purpose of this study was to determine how much the relationship between inflation variables, gold prices, the number of customers, and distribution of ar-rahn financing at PT Pegadaian Syariah Indonesia. This research was conducted by collecting secondary data obtained from the annual report and website of PT Pegadaian Syariah Indonesia and the website of the Central Bureau of Statistics for the period 2003 to 2022. The method used to analyze the relationship between variables is the Pearson correlation analysis method. This research is quantitative research by analyzing data quantitatively. The data collection technique of this research is to collect ready-made secondary data. The results of this study indicate that the relationship between inflation and gold prices is negative and significant (0.0157), the relationship between inflation and the number of customers is negative and insignificant (0.2288), the relationship between inflation and distribution of Rahn financing is negative and significant (0.0110), the relationship between gold prices and the number of customers is positive and significant (0.0340), the relationship between gold prices and distribution of Rahn financing is positive and significant (0.0000), and the relationship between the number of customers and distribution of Rahn financing is positive and significant (0.0423). The results of this study are expected to be useful for Pawnshops, especially PT Pegadaian Syariah Indonesia to improve performance in the future.