Indonesia’s National Gold Bank has accumulated 153 tonnes of gold just one year after its launch, marking a significant acceleration in the country’s state-backed bullion savings initiative.
President Prabowo Subianto praised the program’s performance, noting the scale of the reserves amassed since the bank’s inception in February 2025.
The 153-tonne holding is valued at an estimated US$20 billion, reflecting both the volume of gold purchased and prevailing market prices.
The 153-tonne holding is valued at an estimated US$20 billion, reflecting both the volume of gold purchased and prevailing market prices.
The rapid accumulation underscores strong domestic demand for gold savings products and the government’s push to deepen local financial markets through state-owned enterprise channels.
Ferry Irawan, Deputy for Coordination of State-Owned Enterprise Management and Development at the Coordinating Ministry for Economic Affairs, previously confirmed the accumulation figures.
The National Gold Bank was established to provide a secure, state-guaranteed avenue for Indonesians to save in gold, reducing reliance on informal markets and foreign currency holdings.