PT Aneka Tambang Tbk (Antam) raised its daily gold price on Thursday, lifting the base rate for 1-gram bars to Rp2.616 million per gram.
The increase of Rp15,000 per gram marks a continuation of the upward momentum in the Indonesian domestic market, reversing the downward trend seen in previous sessions.
The World Gold Council recently raised its 2026 price target to $4,100, reflecting a shift in market sentiment towards the safe-haven asset.
The buyback price for gold also climbed, rising by Rp35,000 to reach Rp2.381 million per gram.
This dual increase in both retail and buyback rates suggests strong underlying demand from local investors and jewelers, who are responding to the broader global rally in precious metals.
The move by Antam aligns with the wider positive sentiment in the gold market, which has been buoyed by central bank buying and geopolitical uncertainties.
The World Gold Council recently raised its 2026 price target to $4,100, reflecting a shift in market sentiment towards the safe-haven asset.
For traders and investors, the rise in Antam's gold prices indicates that the local premium is holding firm, providing a stable environment for physical gold transactions in Indonesia.