PT Antam Tbk (ANTM.JK) has lowered its daily gold prices, with the 24-karat spot rate falling Rp 14,000 per gram to Rp 2,641,000.
The state-owned miner also reduced its buyback price by Rp 21,000, signaling a pullback in domestic demand and aligning with recent weakness in international markets.
The decline in Antam’s pricing mirrors a broader retreat in precious metals, where international gold prices recently dipped $11 to settle at $4,174 per ounce.
The adjustment follows a period of volatility, with prices having risen sharply over the previous weekend.
The decline in Antam’s pricing mirrors a broader retreat in precious metals, where international gold prices recently dipped $11 to settle at $4,174 per ounce.
Traders have stepped back from recent highs as momentum fades, contributing to the downward pressure on local retail and buyback rates.
This move offers a brief respite for consumers and investors looking to enter the market, following similar price reductions seen across major Indian retailers earlier in the month.