PT Aneka Tambang Tbk (Antam) has lowered its daily gold price to Rp 2.601 million per gram, marking a continued softening in the Indonesian market.
The state-owned miner also reduced its buyback price by Rp 15,000 to Rp 2.346 million per gram, signaling a pullback in local retail demand.
The domestic price action contrasts with the broader global narrative, where the World Gold Council recently raised its 2026 target to $4,100, citing a shift in sentiment toward the metal.
This follows a previous reduction where the 24-karat spot rate fell Rp 14,000 to Rp 2.641 million, indicating a sustained downward pressure on domestic valuations.
The domestic price action contrasts with the broader global narrative, where the World Gold Council recently raised its 2026 target to $4,100, citing a shift in sentiment toward the metal. While international benchmarks remain supported by geopolitical uncertainty and central bank buying, local Indonesian prices are reacting to immediate supply-demand dynamics and currency fluctuations.
Antam’s pricing adjustments reflect the sensitivity of the Indonesian retail gold market to short-term volatility.
The company, which dominates the local bullion market, adjusts its daily rates based on international spot prices and the Rupiah’s performance.