PT Aneka Tambang Tbk (Antam) has raised its daily gold price by Rp 20,000 per gram to Rp 2,635,000, marking a reversal from the recent downward trend that saw the state-owned miner cut rates in previous sessions.
The buyback price also climbed by Rp 30,000 to Rp 2,382,000, offering a wider spread for investors looking to liquidate holdings.
This adjustment follows a period of volatility where Antam had previously lowered its 24-karat spot rate by Rp 14,000 to Rp 2,641,000 and reduced buyback offers by Rp 21,000, signaling a pullback in local demand.
The latest move suggests stabilizing sentiment in the Indonesian retail gold market, aligning with broader global trends where central bank buying and geopolitical uncertainty have supported precious metals.
Antam’s pricing decisions are closely watched by local investors as a barometer for short-term gold sentiment, often reflecting immediate shifts in international spot prices and domestic currency fluctuations.
The company’s ability to adjust prices daily allows it to manage inventory risk while providing liquidity to retail buyers and sellers.